Logistics major Delhivery’s early backer Nexus Venture Partners  has sold shares worth ₹208 Cr via a block deal today, marking its third stake sale within the June quarter.

The venture capital firm sold 43.24 Lakh shares held under its Nexus Ventures III Ltd at ₹481 apiece. The deal was sealed at a price 1% higher than today’s closing price.

This adds on to the stake sales undertaken by the VC firm in the logistics major in quick succession. Earlier in April, Nexus sold Delhivery shares worth ₹530 Cr on April 8 and another 40 Lakh shares worth ₹186 Cr on April 15. 

Back then, the shares were acquired by a mix of domestic and global institutional investors, including Morgan Stanley, Goldman Sachs, Edelweiss Mutual Fund, Nippon India Mutual Fund and Viridian Asia Opportunities Fund.

Nexus has been steadily reducing its stake in Delhivery since the company’s public listing in 2022. A regulatory filing made in April showed that the combined stake of Nexus Ventures III and Nexus Opportunity Fund had fallen to 3.55%, following the April 8 transaction.

With the stake sales taken into account, Nexus’ holding is likely to have reduced further, although the exact stake will only be known once Delhivery discloses its June quarter shareholding pattern. 

The stake sale comes amid improving financial performance at Delhivery. In FY26, the logistics major reported an 8% YoY increase in net profit to ₹321 Cr, while revenue from services rose 17% to ₹10,486 Cr. 

Founded in 2011 by Sahil Barua, Mohit Tandon, Suraj Saharan, Kapil Bharati and Bhavesh Manglani, Delhivery operates across express parcel delivery, freight, warehousing and supply chain services. The company has been focusing on improving profitability while expanding beyond its core parcel delivery business.

Shares of Delhivery closed at ₹476.5 on the BSE on Tuesday, down 1.53% from the previous close.

The post Nexus Venture Partners Sells More Delhivery Shares Worth ₹208 Cr appeared first on Inc42 Media.

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