Alpha Wave Fully Exits Delhivery in ₹665 Cr Bulk Deal

Alpha Wave Ventures sold its entire ~2% stake in Delhivery — 1.44 Cr shares at ₹460.36 — for ₹665 Cr via bulk deals. The exit trails Nexus Venture Partners' staggered sell-down, marking continued early-investor monetisation as Delhivery posts ₹321 Cr FY26 profit on ₹10,486 Cr revenue.

— Source publishedWed, 24 Jun, 2026, 22:05 IST·First seen Wed, 24 Jun, 2026, 22:10 IST·Source Inc42

What happened

Alpha Wave Ventures fully exited logistics major Delhivery, selling 1.44 Cr shares (~2% stake) for ₹665 Cr via bulk deals. The exit follows Nexus Venture

Key facts

  • ₹665 Cr
  • 1.44 Cr shares
  • ₹460.36
  • 2% stake
  • ₹321 Cr FY26 profit
  • ₹10,486 Cr revenue

Why this matters

With marquee early investors monetising and the cap table cleaning up, Delhivery's float and strategic flexibility improve — watch for consolidation plays or partnership moves in 3PL logistics.

What to watch

  • Next bulk/block deal disclosure on Delhivery
  • SoftBank Vision Fund quarterly portfolio markdown commentary
  • Q2 FY26 results: margin trajectory and PTL segment profitability
  • Meesho IPO pricing — captive logistics impact on Delhivery volumes
  • Any institutional buyer disclosure (>1%) on the other side of the trade
  • Map remaining pre-IPO investor lock-ins and stake sizes to size residual overhang
  • Track block-deal screens for SoftBank/Carlyle/Tiger ticker activity over next 30 days
  • Model Delhivery FY27 EPS trajectory at current run-rate to anchor fair-value band
  • Watch Ecom Express IPO/funding rounds — comp valuation will reset Delhivery multiple

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