Nexus Venture Partners has continued to reduce its exposure to Indian logistics company Delhivery, selling shares worth about ₹208 crore through a bulk transaction on the BSE. The venture capital firm offloaded 43.24 lakh shares through Nexus Ventures III at an average price of ₹481 per share, extending a sequence of stake sales completed during the June quarter. The transaction underscores the investor’s ongoing monetisation of a long-held position in a company it backed before Delhivery’s 2022 public listing.
A Third Transaction in the June Quarter
The latest disposal follows two sizeable block transactions completed by Nexus in April, bringing its reported Delhivery share sales in the current financial year to more than ₹924 crore. On April 8, the firm sold close to 1.2 crore shares valued at approximately ₹530 crore through Nexus Ventures III and Nexus Opportunity Fund. It subsequently sold a further 40 lakh shares worth around ₹186 crore on April 15, continuing an orderly reduction in its ownership of the listed logistics business.
Institutional Investors Absorb Earlier Sales
The April transactions drew a range of domestic and international institutional buyers, indicating continued market interest in Delhivery’s public shares. Participants across the two deals included SBI Mutual Fund, Nippon India Mutual Fund, BNP Paribas, ICICI Prudential Mutual Fund, Edelweiss Mutual Fund, Alphamine Absolute Return Fund, Morgan Stanley, Goldman Sachs and Viridian Asia Opportunities Fund. The latest buyer details were not disclosed in the provided transaction data, while the sale price represented a modest premium to Delhivery’s recent BSE closing level.
Holding Has Fallen Since the IPO
Nexus has been steadily trimming its holding since Delhivery went public in 2022, translating part of the value created during its early investment into realised returns. Its stake had declined from 10.26% at the time of the initial public offering to roughly 4.48% by March 2026, before the April sales further reduced its combined position. A regulatory disclosure following the April 8 deal placed the combined holdings of Nexus Ventures III and Nexus Opportunity Fund at 3.55%, with the precise post-June-quarter shareholding expected to be confirmed in Delhivery’s subsequent filing.
Financial Performance Supports the Exit Context
The stake sales come as Delhivery reports improved operating and financial results, strengthening the backdrop for secondary-market liquidity in its shares. During the fourth quarter of FY26, the Gurugram-based company recorded revenue of ₹2,850 crore, up 30% from ₹2,192 crore a year earlier, and reported profit of ₹72.3 crore. For the full fiscal year, it reported net profit of ₹321 crore, an 8% year-on-year increase, while revenue from services rose 17% to ₹10,486 crore.
A Broader Logistics Platform
Founded in 2011 by Sahil Barua, Mohit Tandon, Suraj Saharan, Kapil Bharati and Bhavesh Manglani, Delhivery has developed from a parcel-delivery business into a broader logistics and supply-chain platform. Its operations span express parcel delivery, freight, warehousing and end-to-end supply-chain services, as the company works to diversify beyond its original delivery network. Delhivery shares closed at ₹475.9, giving the company a market capitalisation of about ₹35,638 crore, or approximately $3.75 billion.
Nexus Venture Partners’ latest sale reflects a measured exit strategy rather than a single large disposal, with the firm progressively lowering its ownership while maintaining market liquidity. The three transactions completed since April show how institutional investors have absorbed a material portion of the early backer’s position in the public market. For Delhivery, the continuing share sales coincide with a period of higher revenue, renewed profitability and efforts to expand its role across India’s logistics ecosystem.