I used nineoldandroids library to achieve this animation. I used two animation: translation and scaling.
Translation:
ObjectAnimator.ofFloat(frameCategoryScroll, "translationY", 0, -yValue).setDuration(600).start();
yValue is the the value in y axis upto which I want to translate.
Scaling:
ObjectAnimator.ofFloat(frameCategoryScroll, "scaleX", 1.0f, 0.6f).setDuration(600).start();
ObjectAnimator.ofFloat(frameCategoryScroll, "scaleY", 1.0f, 0.6f).setDuration(600).start();