Venture capital (VC) firm Nexus Venture Partners offloaded 1.2 Cr shares of logistics major Delhivery via multiple block deals for ₹530.4 Cr.

The investment firm sold 1.04 Cr shares at ₹442 apiece via its Nexus Ventures III fund, raking in ₹461.3 Cr. It also offloaded 15.6 Lakh shares from its Nexus Opportunity Fund for ₹69.1 Cr.

The shares that flooded the market were lapped up by Alphamine, BNP Paribas, Edelweiss Mutual Fund, ICICI Prudential Life Insurance, among others. The largest buyers were Nippon India Mutual Fund and SBI Mutual Fund, which bought over 45.8 Lakh shares worth ₹202.2 Cr each.

The shares were sold at a discount of nearly 4% to the stock’s last closing price on the BSE on Wednesday. As per BSE shareholding data, Nexus Ventures III held a 4.49% stake in the company, or 3.35 Cr shares, at the end of December 2025.

This is not the first time that Nexus has sold its stake in the logistics giant. The VC firm sold 1.2 Cr shares of the company for ₹461 Cr in June last year, while it offloaded another 78.19 Lakh shares of Delhivery for ₹344 Cr in August 2024.

Nexus held a 10.26% stake in the company at the time of its listing in 2022, but has been steadily laying off its stake in the logistics major since then.

The VC major has likely offloaded a portion of its stake in Delhivery to book profits as the logistics giant’s shares have been on an upward trend in the past year. The stock has surged more than 85% in the past year, and is up more than 14% on a year-to-date (YTD) basis on the BSE.

This has largely come on the back of the company’s foray into hyperlocal and quick commerce logistics, growing volumes in express and part-truckload (PTL) segments, strategic expansion and improving bottom line.

On the financial front, Delhivery reported a net profit of ₹39.6 Cr in the third quarter (Q3) of the fiscal year 2025-26 (FY26), up 59% from ₹24.9 Cr in the year ago quarter. Meanwhile, revenue from contracts with customers rose 18% YoY to ₹2,804.9 Cr in the quarter under review.

Shares of Delhivery ended today’s trading session 4.2% higher at ₹460.

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