Early investor Nexus Venture Partners has further reduced its stake in logistics company Delhivery by selling shares worth around Rs 208 crore through a bulk deal. The latest transaction comes as Delhivery continues to report strong business growth, improving profitability, and expansion into new logistics and technology services.
The move is part of a series of stake sales by Nexus Venture Partners over the past few months. Despite the investor reducing its holding, market confidence in Delhivery remains strong due to the company’s solid financial performance and growth plans.
Nexus Continues Stake Sale in Delhivery
Nexus Venture Partners, through its affiliate Nexus Ventures III Ltd, sold about 43.23 lakh shares of Delhivery on June 23 at an average price of Rs 481 per share. The transaction was valued at nearly Rs 208 crore.
This follows two major sales in April. On April 8, Nexus sold 1.2 crore shares worth around Rs 530 crore. A week later, it sold another 40 lakh shares for nearly Rs 186 crore. With the latest deal, the venture capital firm has earned more than Rs 924 crore from Delhivery share sales during the current financial year.
Nexus was one of Delhivery’s early investors and held more than 10% of the company at the time of its IPO. Over time, the firm has gradually reduced its stake, which is now estimated to be below 3%.
Even with these stake sales, Delhivery’s stock has continued to perform well. The company recently touched a new 52-week high of nearly Rs 492 per share and has delivered over 30% returns in the last year.
Several brokerage firms remain positive on the stock. Analysts believe Delhivery’s earnings and operating margins could improve further over the next few years as the company scales its operations and increases efficiency.
Delhivery Expands Operations and Improves Financial Performance
Delhivery has been actively strengthening its business through acquisitions and new service launches. One of its biggest recent moves was the acquisition of Ecom Express for Rs 1,407 crore.
The integration process is almost complete, and the company has managed to keep costs lower than expected. Delhivery has retained only key facilities while shutting down excess infrastructure, helping reduce expenses and improve productivity.
The acquisition has already contributed to growth. Shipment volumes in Delhivery’s express parcel business increased significantly during the fourth quarter, while its part-truckload segment also reported healthy growth.
The company posted strong Q4 FY26 results. Revenue rose 30% year-on-year to Rs 2,850 crore, while net profit stood at over Rs 72 crore. Delhivery also crossed Rs 1,000 crore in service EBITDA during FY26, marking an important milestone in its profitability journey.
Apart from its core logistics business, Delhivery has introduced several new products and services. These include Delhivery Maps, an AI-powered geospatial platform, Delhivery Direct for on-demand logistics services, and Delhivery International for economy air-parcel deliveries.
The company has also expanded into quick commerce through Delhivery Rapid, which is supported by a network of dark stores. These initiatives are aimed at creating new revenue opportunities and strengthening Delhivery’s position in the logistics sector.
Zypp Electric Prepares for IPO as Market Activity Rises
While Delhivery remains in focus, EV logistics startup Zypp Electric is also making headlines with its IPO plans.
The Gurugram-based company has appointed investment bankers for its proposed public issue, which is expected to raise between $150 million and $200 million. Before the IPO, Zypp is also looking to raise fresh funding through a pre-IPO round that could significantly increase its valuation.
The startup has reported strong business growth in recent years. Its operating revenue reached nearly Rs 438 crore in FY25, driven by increasing demand for electric vehicle-based delivery services. Although the company is still reporting losses, it has achieved operational EBITDA break-even and is working towards full profitability before going public.
Zypp currently operates more than 20,000 electric vehicles and plans to expand further across India. The company is also building additional revenue streams through advertising, software solutions, and franchise partnerships.
Meanwhile, Indian stock markets have witnessed several other large transactions. Vedanta promoter entity Twin Star Holdings sold shares worth nearly Rs 1,900 crore through open market deals. Jewellery company Sky Gold and Diamonds also saw promoter stake sales, while veteran actor Amitabh Bachchan emerged as a net seller in DP Wires shares.
The recent transactions highlight the growing activity in India’s capital markets, where investors and promoters are booking profits while companies continue to focus on expansion and long-term growth. Delhivery’s latest performance shows how new-age businesses are successfully balancing growth, profitability, and market expectations.