Alpha Wave Makes Complete Exit From Delhivery With Rs 665 Cr Share Sale
Venture capital firm Alpha Wave has exited Delhivery after selling its entire stake in the logistics company through bulk deals worth about Rs 665 crore, according to exchange data.Alpha Wave Ventures LP sold a total of 1.44 crore shares, equivalent to nearly 2 per cent of Delhivery's equity, in transactions executed on the NSE and BSE on Thursday. The shares were sold in two equal tranches of 72.22 lakh shares each at Rs 460.36 apiece on the NSE and Rs 460.03 on the BSE.
The sale marks Alpha Wave's complete exit from Delhivery. The investor held 1.44 crore shares in the company at the end of the March quarter.
Early Investors Trim Holdings
Alpha Wave had invested in Delhivery before its initial public offering in 2022 and had also participated as an anchor investor during the share sale.
The latest transaction follows a series of stake sales by the company's early investors. On Wednesday, Nexus Venture Partners sold 43.24 lakh shares worth about Rs 208 crore through a bulk deal. The venture capital firm had also offloaded shares in two separate transactions in April.
Following its April stake sale, the combined holding of Nexus Ventures III and Nexus Opportunity Fund had declined to 3.55 per cent. Its ownership is expected to reduce further after the latest transaction, with the updated shareholding likely to be reflected in Delhivery's June quarter filings.
The stake sales come as Delhivery continues to report improved financial performance. The company posted a net profit of Rs 321 crore in FY26, up 8 per cent year-on-year, while revenue from services increased 17 per cent to Rs 10,486 crore.
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