Alpha Wave Fully Exits Delhivery in ₹665 Cr Bulk Deal at ₹460/Share
Alpha Wave Ventures offloaded its entire ~2% stake in Delhivery, selling 1.44 Cr shares for ₹665 Cr at ~₹460 apiece. The exit trails repeated stake sales by Nexus Venture Partners, even as Delhivery posts improving FY26 metrics — ₹321 Cr profit on ₹10,486 Cr revenue.
What happened
Alpha Wave Ventures fully exited Delhivery via bulk deals worth ₹665 Cr, selling 1.44 Cr shares (~2% stake) at ~₹460 apiece. Exit follows Nexus Venture
Key facts
- ₹665 Cr
- 1.44 Cr shares
- ₹460.36/share
- 2% stake
- ₹321 Cr FY26 profit
- ₹10,486 Cr revenue
Why this matters
Cleaner cap table post Alpha Wave's 2% exit reduces strategic-block risk and opens room for long-only institutional accumulation or a potential strategic partner entry at current ~₹460 levels.
What to watch
- Q2FY26 results — margin trajectory and Ecom Express synergy disclosure
- Next bulk/block deal print on NSE — buyer identity
- Nexus Venture Partners residual stake disclosure in shareholding pattern
- Diesel/fuel cost moves impacting last-mile unit economics
- Quick-commerce players' in-housing logistics announcements
- Map remaining pre-IPO investor lock-up status and stake sizes
- Track block-deal counterparties — domestic MF vs FII signals quality of demand
- Model Delhivery's Ecom Express integration math at current EV
- Compare exit multiples Alpha Wave realized vs entry cost to gauge PE sentiment on Indian logistics