Nexus Venture Partners Sells More Delhivery Shares Worth ₹186 Cr

Delhivery’s early backer Nexus Venture Partners has sold shares worth ₹186 Cr via multiple block deals today, marking its second stake sale in one week. 

The venture capital firm sold 40 Lakh shares held across two entities — Nexus Ventures III and Nexus Opportunity Fund — via multiple block deals valuing each share at  ₹465 apiece. The shares were picked up by a mix of global and domestic institutional investors. 

While Morgan Stanley picked up 12 Lakh shares, Goldman Sachs bought 6 Lakh shares.

Among domestic funds, Edelweiss Mutual Fund acquired 10.75 Lakh shares and Nippon India Mutual Fund purchased 5.75 Lakh shares. Viridian Asia Opportunities Fund also picked 5.5 Lakh shares.

Last week, Nexus offloaded a much larger ₹530 Cr stake in the company via block deals on April 8. The VC had sold about 1.2 Cr shares at ₹442 apiece back then. Shares were lapped up by investors like SBI Mutual Fund, Nippon Mutual Fund, BNP Paribas, Alphamine and ICICI Prudential Life Insurance.

Notably, Nexus has been steadily trimming its holdings in Delhivery since the company’s listing in 2022, when it held over 10% stake. It held 6.76% stake in the company, as per Delhivery’s filing last week.

The stake sales also come amid a strong run in Delhivery’s stock. Delhivery’s shares have surged close to 14% year to date.

On the financial front, Delhivery reported a 59% YoY jump in net profit to ₹39.6 Cr in Q3 FY26. Its revenue from contracts with customers rose 18% to INR 2,804.9 Cr in the period under review, from INR 2,378.2 Cr reported in the same period last year.

Shares of Delhivery ended today’s trading session 1.29% lower at ₹459.5 on the BSE.  

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