Investors Secure 1.6% Delhivery Stake from Nexus Venture Partners for Rs 530 Crore
A group of institutional investors acquired a 1.6% stake in logistics company Delhivery from US-based Nexus Venture Partners for Rs 530 crore via open market transactions on Wednesday. The buyers included BNP Paribas, SBI Mutual Fund, Edelweiss Mutual Fund, Nippon India Mutual Fund, AlphaGrep Investment Management, and ICICI Prudential Life Insurance Company, purchasing 1.20 crore shares at an average price of Rs 442 each. Delhivery shares rose 3.57% to close at Rs 457.80 on the National Stock Exchange, reflecting market approval of the deal.
Details of the Transaction
Nexus Venture Partners sold the shares through its affiliates, Nexus Ventures III Ltd and Nexus Opportunity Fund Ltd, offloading exactly 1.20 crore equity shares. Block deal data from the NSE confirms the transaction value at Rs 530.40 crore. This move marks another step in Nexus's gradual reduction of its holding in the Gurugram-headquartered firm, which operates in India's competitive e-commerce logistics sector.
Pattern of Stake Reductions
Nexus has previously trimmed its position in Delhivery. In June 2025, the venture capital firm divested an identical 1.6% stake for Rs 461 crore. Earlier, in August 2024, it sold 1.06% of shares for Rs 344 crore. These sales indicate a strategic exit by early backers as Delhivery matures beyond its startup phase, allowing Nexus to realize returns while domestic institutions build exposure.
Signal of Institutional Confidence
The diverse buyer lineup—spanning foreign banks, domestic mutual funds, and insurers—highlights sustained interest in Delhivery's growth potential amid India's expanding logistics demands. The post-deal share price increase suggests investors view the transaction as validation of the company's operational strength. As e-commerce volumes rise, such ownership shifts could stabilize Delhivery's capital structure and support further expansion.
