Delhivery investors cash out as stock nears IPO price

Delhivery investors, including SoftBank, Nexus Venture Partners, and Alpha Wave Global, have been trimming their holdings as the new-age logistics company’s share price rebounds close to its IPO level, regulatory filings show. Over the last three months, these investors have sold nearly Rs 1,800 crore worth of Delhivery stock through block deals and open market transactions.

In an exchange filing on Thursday, SoftBank disclosed that it has sold around 14.6 million shares, or about 2% stake, between September 2024 and June 2026, reducing its holding to 7.6% as of June 22. Based on its disclosures, the Japanese investment firm sold roughly Rs 180-200 crore worth of shares over the last three months.

Nexus Venture Partners has also pared its stake. On Tuesday, the venture capital firm sold 4.3 million shares worth around Rs 208 crore, marking its third stake sale in the past three months. In April, two Nexus entities sold shares worth Rs 186 crore and Rs 530 crore in separate transactions. Earlier, in June 2025, the firm had offloaded shares worth Rs 460 crore across two tranches.

Source: Google Finance

Meanwhile, Alpha Wave Global, which invested in Delhivery in 2021 ahead of its public listing, exited the company earlier this week by selling its nearly 2% stake for Rs 665 crore.

For Nexus Venture Partners, one of the company's earliest institutional investors, total proceeds from stake sales since the company's IPO now stand at around Rs 2,300-2,400 crore. It continues to hold shares worth about Rs 850 crore at the current market price.

According to Delhivery's IPO prospectus, Nexus had invested a total of Rs 200-250 crore in the company. Based on its realised proceeds and remaining stake, the investment has generated an estimated 12-14x return for the VC firm, which has also backed the likes of Zepto, Snabbit, and Rapido.

SoftBank, which had invested around $390 million in Delhivery, has now realised around $420-430 million from stake sales. It continues to hold shares worth another $280-290 million.

Delhivery shares closed 3.2% lower at Rs 465.20 on the BSE on Thursday. The stock has gained around 20% over the past year, inching closer to its IPO price of Rs 487, at which the company went public in May 2022.