Alpha Wave exits Delhivery with ₹664.7 cr block sale; stock slips over 2%
Alpha Wave Ventures offloaded its entire 1.93% stake (1.44 crore shares) in Delhivery via bulk deals at an average ₹460.36 apiece, fetching ₹664.7 crore. The exit follows Nexus Venture Partners trimming its holding days earlier, pressuring shares of the logistics player down 2.22%.
What happened
Alpha Wave Ventures exited its entire 1.93% stake in logistics player Delhivery via bulk deals worth ₹664.7 crore, days after Nexus Ventures pared its holding.
Key facts
- 1.93% stake
- 1.44 crore shares
- ₹664.7 crore
- ₹460.36 avg price
- stock down 2.22%
Why this matters
With early backers cashing out and the stock soft, Delhivery's cap table is opening up—worth monitoring for strategic stake-build opportunities or partnership leverage in logistics M&A talks.
What to watch
- SoftBank/Tiger/Carlyle lock-up disclosures or block deal flags
- Festive season shipment volume data (Oct-Nov)
- Ecom Express acquisition closure and revenue contribution disclosure
- Quick-commerce players (Zepto, Blinkit) expanding into 2-3 day delivery threatening Delhivery's core
- Stock holding ₹450 support vs breaking down
- Monitor block deal screens daily for further PE/VC exits over next 5-10 sessions
- Track who absorbed the Alpha Wave block — domestic MF buyers signal floor; prop/arb desks signal more selling ahead
- Watch Delhivery's Q2 FY26 commentary on Ecom Express integration synergies and margin trajectory
- Cross-reference with Ecom Express DRHP filing timeline for competitive read-through