Nexus Venture Partners has offloaded a 1.6% stake in logistics firm Delhivery for approximately Rs 530 crore (around $57 million) through a mix of bulk and block deals on the National Stock Exchange (NSE).
According to exchange data, the venture capital firm sold nearly 1.2 crore shares at Rs 442 per share via its funds, Nexus Ventures III and Nexus Opportunity Fund.
On the buying side, domestic institutional investors led the absorption. Nippon India Mutual Fund and SBI Mutual Fund acquired 45.75 lakh shares each in a combined Rs 404 crore deal.
Other participants in the transaction included BNP Paribas, ICICI Prudential Mutual Fund, Edelweiss Mutual Fund, and Alphamine Absolute Return Fund.
Prior to the 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 trimming its exposure to the company post-listing. Its stake has declined from 10.26% at the time of the IPO to around 4.49% as of December 2025.
On the financial front, Delhivery reported an 18% year-on-year increase in revenue to Rs 2,805 crore in Q3 FY26, while profit rose 59% to Rs 40 crore.
Following the transaction, shares of Delhivery closed 3.57% higher at Rs 457.8 apiece, taking its market capitalization to Rs 34,271 crore (approximately $3.7 billion).
