US-based investor Nexus has sold 43.2 lakh shares in Delhivery for around Rs 208 crore.
Nexus Continues Gradual Exit From Delhivery
Venture capital firm Nexus Venture Partners has further reduced its stake in logistics major Delhivery, selling shares worth approximately Rs 208 crore through a bulk deal on the Bombay Stock Exchange. The transaction reflects the firm’s ongoing strategy of gradually monetizing its investment in one of India’s largest logistics and supply chain companies.
According to exchange data, Nexus Ventures III Limited sold 43.2 lakh shares at an average price of Rs 481 per share. The transaction was valued at nearly Rs 208 crore and marks the third significant stake sale by Nexus-linked entities in Delhivery since April 2026.
The latest divestment comes at a time when Delhivery is reporting robust operational growth and expanding its position in India’s rapidly evolving logistics sector.
Stake Sales Cross Rs 900 Crore This Financial Year
The June transaction follows two major stake sales completed earlier this year.
On April 8, Nexus Ventures III and Nexus Opportunity Fund sold a combined 1.2 crore shares at Rs 442 per share, generating approximately Rs 530.4 crore. Just one week later, the two funds sold another 40 lakh shares at Rs 465 per share, raising an additional Rs 186 crore.
With the latest transaction included, Nexus-linked entities have sold Delhivery shares worth approximately Rs 924 crore during the current financial year.
The sales are part of a broader trend among early-stage venture investors who gradually reduce holdings after portfolio companies mature and become publicly listed.
Early Investor Continues Portfolio Monetization
Nexus Venture Partners was among Delhivery’s earliest institutional backers and played a key role in supporting the company’s growth journey before its public listing.
At the time of Delhivery’s IPO in 2022, Nexus Ventures III held an 8.91% stake, while Nexus Opportunity Fund owned 1.35%, giving the two entities a combined shareholding of 10.26%.
By March 2026, Nexus Ventures III’s ownership had already been reduced to 4.48%. Following the April transactions, the combined stake of Nexus Ventures III and Nexus Opportunity Fund declined to 3.55%.
The latest June sale is expected to reduce the holding further, with updated ownership details likely to be disclosed in Delhivery’s June-quarter shareholding pattern.
Strong Institutional Demand Supports Transactions
The earlier stake sales attracted considerable interest from both domestic and international institutional investors, highlighting continued confidence in Delhivery’s long-term prospects.
Investors participating in the April transactions included SBI Mutual Fund, Nippon India Mutual Fund, ICICI Prudential Life Insurance Company, Edelweiss Mutual Fund, BNP Paribas Financial Markets, Morgan Stanley Asia Singapore, Goldman Sachs Bank Europe, Alphamine Absolute Return Fund, and Viridian Asia Opportunities Master Fund.
The participation of leading global and domestic institutions underscores investor interest in India’s logistics sector, which continues to benefit from e-commerce growth, digital commerce expansion, and supply chain modernization.
Delhivery Reports Strong Revenue Growth
While Nexus continues to reduce its stake, Delhivery’s operational performance remains strong.
For the fourth quarter of FY26, the company reported revenue from services of Rs 2,850 crore, representing a 30% year-on-year increase from Rs 2,192 crore in the corresponding quarter last year. Quarterly profit after tax stood at Rs 72 crore.
For the full financial year FY26, Delhivery reported:
- Revenue from services: Rs 10,508 crore
- Profit after tax: Rs 153 crore
The company noted that integration costs related to Ecom Express impacted reported profitability during the year. Excluding those costs, Delhivery estimated FY26 revenue from services at Rs 10,486 crore and profit after tax at Rs 321 crore.
These figures indicate that the company’s core business continues to strengthen despite short-term acquisition-related expenses.
Building Scale Across India’s Logistics Ecosystem
Headquartered in Gurugram, Delhivery has evolved into one of India’s largest integrated logistics and supply chain companies.
The company operates across multiple business segments, including express parcel delivery, freight transportation, warehousing, cross-border logistics, fulfillment services, and end-to-end supply chain solutions.
Its extensive logistics network serves e-commerce companies, enterprises, SMEs, and direct-to-consumer brands across India. As businesses increasingly focus on faster deliveries and efficient supply chains, companies like Delhivery are positioned to benefit from long-term industry growth.
Industry estimates suggest India’s logistics market could exceed $380 billion by 2030, supported by rising consumption, manufacturing growth, infrastructure investments, and digital commerce expansion.
What Investors Should Watch Next
Although Nexus’ stake reduction may attract attention, such transactions are common among venture capital investors seeking to realize returns after years of investment.
The more significant factor for investors remains Delhivery’s operational trajectory. The company’s ability to sustain revenue growth, improve margins, integrate acquisitions efficiently, and expand market share will likely determine future performance.
With annual revenue surpassing Rs 10,500 crore and adjusted profit more than doubling reported earnings after excluding integration costs, Delhivery appears focused on balancing growth with profitability.
Conclusion
Nexus Venture Partners’ latest Rs 208 crore share sale continues its gradual exit from Delhivery, taking total stake monetization to approximately Rs 924 crore this financial year. While the venture capital firm reduces its ownership, Delhivery continues to demonstrate strong business momentum through higher revenues and expanding logistics operations.
As India’s logistics and supply chain industry enters a new growth phase, Delhivery remains one of the sector’s most closely watched companies, with investors focusing on its ability to convert scale into sustained profitability and long-term value creation.
Source: Gulf News
