Nexus Venture Partners Offloads Stake in Delhivery

Nexus Venture Partners has divested a 1.6% interest in logistics company Delhivery for roughly Rs 530 crore, equivalent to around $57 million, through a combination of bulk and block transactions on the National Stock Exchange (NSE). Data from the exchange indicates that the venture capital firm sold almost 1.2 crore shares at Rs 442 each via its funds, Nexus Ventures III and Nexus Opportunity Fund.

Details of the Transaction

On the buying end, domestic institutional investors played a significant role in this acquisition. Among them, Nippon India Mutual Fund and SBI Mutual Fund each purchased 45.75 lakh shares in a collective deal worth Rs 404 crore. Other entities involved in the transaction included BNP Paribas, ICICI Prudential Mutual Fund, Edelweiss Mutual Fund, and Alphamine Absolute Return Fund.

Stake History

Before this transaction, SBI Mutual Fund and Nippon India Mutual Fund held 5.5% and 2.9% stakes in Delhivery, respectively. Nexus Venture Partners has been gradually reducing its share in the firm since its listing. Their ownership has dwindled from 10.26% at the Initial Public Offering (IPO) to approximately 4.49% as of December 2025.

Financial Performance of Delhivery

On a financial note, Delhivery showcased an 18% year-on-year rise in revenue, reaching Rs 2,805 crore during Q3 FY26. Additionally, the company’s profit surged by 59%, amounting to Rs 40 crore. Following this transaction, Delhivery’s shares closed 3.57% higher at Rs 457.8 each, elevating its market capitalization to Rs 34,271 crore, which is approximately $3.7 billion.