US-based VC firm Nexus continues to reduce stake in Delhivery with latest Rs 186 crore share sale

US-based venture capital firm Nexus Venture Partners has continued to reduce its holding in Delhivery by selling shares worth Rs 186 crore in a fresh round of transactions.

The sale, which carried out on 15 April, marks the second such move by the American investment firm this month, following an earlier disposal of a 1.6% stake on 8 April, 2026.

In the latest deal, Nexus Venture Partners, through its funds Nexus Ventures III and Nexus Opportunity Fund, offloaded around 40 lakh shares at Rs 465 each. This represents roughly a 0.53% stake in the logistics firm.

The transactions included Nexus Opportunity Fund selling 5.37 lakh shares for Rs 25.01 crore, while Nexus Ventures III sold 34.62 lakh shares for Rs 160.98 crore.

Who bought the shares?

The shares were picked up by a mix of domestic and international institutional investors.

Morgan Stanley emerged as the largest buyer, acquiring 12 lakh shares worth Rs 55.8 crore. Other key buyers included Edelweiss Mutual Fund, which purchased shares worth nearly Rs 50 crore, alongside Goldman Sachs, Nippon India Mutual Fund, and Hong Kong-based Viridian Asia Opportunities Master Fund.

Nippon India Mutual Fund also acquired an additional 5.75 lakh shares for Rs 26.73 crore, building on its existing holding. As of December 2025, it held a 2.9% stake in Delhivery and had already invested over Rs 200 crore in the company earlier in April.

Stake falls below 3%

Nexus Ventures III held a 4.49% stake in Delhivery at the end of December 2025. After selling about 1.85% in April, its holding is now estimated to have dropped below 3%.

Delhivery reported Q3 FY26 revenue from services of Rs 2,798 crore, while its profit after tax stood at Rs 40 crore, compared with Rs 24 crore a year earlier.