Alpha Wave fully exits Delhivery; Actis trims 2%+ stake in Pine Labs via block deals
Two marquee investors pared exposure to retail-adjacent infrastructure plays in a single session. Alpha Wave Ventures cleared its entire position in listed logistics player Delhivery, while PE firm Actis offloaded over 2% of payments provider Pine Labs. Deal sizes and buyers were not disclosed.
What happened
Alpha Wave Ventures fully exited logistics player Delhivery while PE firm Actis offloaded a 2%-plus stake in payments firm Pine Labs through block deals.
Key facts
- 2%
Why this matters
Block-deal liquidity events at Delhivery and Pine Labs reshape their cap tables and may open windows for strategic stake-building, partnership renegotiation, or M&A conversations in retail infrastructure.
What to watch
- Buyer disclosure in block deal filings
- Delhivery Q3 volume and margin print
- Pine Labs IPO filing or pre-IPO secondary marks
- Further insider/PE selling in logistics-fintech basket
- RBI payment aggregator licensing updates affecting Pine Labs
- Ecom Express and Shadowfax funding rounds as read-across
- Track bulk/block deal disclosures on NSE for buyer identity in Delhivery
- Monitor Pine Labs DRHP updates and any revised valuation chatter
- Watch other PE-heavy cap tables: Nykaa, FirstCry, Zomato for copycat exits
- Check brokerage notes for target price revisions on Delhivery in next 48h
- Map remaining Alpha Wave / Actis India portfolio for next likely trims
Also reported by
- Moneycontrol — Same time