Nexus Venture Partners continued its gradual exit from logistics major Delhivery with a Rs 208 crore share sale through a bulk deal on the BSE on Tuesday. The latest transaction follows two block deals in April through which the venture capital firm offloaded shares worth a cumulative Rs 716 crore.
According to exchange data, Nexus Venture Partners sold 43.24 lakh shares of Delhivery at an average price of Rs 481 apiece, taking the deal value to around Rs 208 crore.
The latest sale follows Nexus’ Rs 530 crore stake sale on April 8, when it offloaded nearly 1.2 crore shares through its funds Nexus Ventures III and Nexus Opportunity Fund. The transaction saw participation from investors including SBI Mutual Fund, Nippon India Mutual Fund, BNP Paribas, ICICI Prudential Mutual Fund, Edelweiss Mutual Fund, and Alphamine Absolute Return Fund.
A week later, the VC firm sold another Rs 186 crore worth of Delhivery shares through block deals. The buyers included Morgan Stanley, Goldman Sachs, Edelweiss Mutual Fund, Nippon India Mutual Fund, and Viridian Asia Opportunities Fund.
With the latest transaction, Nexus has monetized shares worth over Rs 924 crore in Delhivery during the current financial year. The firm has been steadily trimming its holding in the company since its public listing.
Prior to the April transactions, Nexus Venture Partners’ stake in Delhivery had already declined from 10.26% at the time of the IPO to around 4.48% by March 2026.
In Q4 FY26, the Gurugram-based logistics firm reported a 30% year-on-year increase in revenue to Rs 2,850 crore from Rs 2,192 crore in Q4 FY25, while its profits stood at Rs 72.3 crore during the same period.
At the end of today’s trading session, shares of Delhivery closed at Rs 475.9 apiece, valuing the company at a total market capitalization of Rs 35,638 crore (approximately $3.75 billion).
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