Alpha Wave Ventures has exited Delhivery after promoting its complete 1.93% stake within the logistics firm by way of bulk offers price about Rs 665 crore.

The investor, by way of Alpha Wave Ventures LP, offered 72.22 lakh shares on the Nationwide Inventory Alternate at Rs 460.36 apiece and one other 72.22 lakh shares on the BSE at Rs 460.03 every.

Collectively, the 2 transactions amounted to 1.44 crore shares and had been valued at about Rs 664.7 crore.

Alpha Wave was amongst Delhivery’s pre-offer shareholders earlier than the corporate’s IPO in Could 2022. Delhivery’s prospectus confirmed that Alpha Wave held 1.44 crore shares earlier than the supply, equal to 2.24% of the corporate’s pre-offer fairness share capital.

The sale provides to a sequence of stake reductions by early buyers within the Gurugram-based firm.

Nexus Venture Partners sold 43.24 lakh Delhivery shares price about Rs 208 crore earlier this week at Rs 481 apiece. It had additionally offered shares price Rs 530.4 crore on 8 April and one other Rs 186 crore on 15 April.

These transactions take Nexus’ current Delhivery share gross sales to about Rs 924 crore. Together with Alpha Wave’s exit, the 2 enterprise buyers have offloaded shares price roughly Rs 1,589 crore since April.

The stake gross sales have taken place as Delhivery continues to report greater income, though its annual reported revenue declined barely.

Within the fourth quarter of FY26, Delhivery’s income from providers rose 30% year-on-year to Rs 2,850 crore, whereas reported PAT stood at Rs 72 crore.

For FY26, the company reported income from providers of Rs 10,508 crore, up about 17.6% from a yr earlier. Reported PAT stood at Rs 153 crore, in contrast with Rs 162 crore in FY25.

On a management-estimate foundation, excluding the impression of Ecom Specific integration prices, Delhivery reported FY26 income from providers of Rs 10,486 crore and PAT of Rs 321 crore.