Nexus Venture trims Delhivery again with Rs 208 Cr bulk deal, FY exit tops Rs 924 Cr
Nexus Venture Partners offloaded 43.24 lakh Delhivery shares at Rs 481 via BSE bulk deal, pocketing Rs 208 crore. Cumulative FY monetization now exceeds Rs 924 crore, with its stake sliding from 10.26% at IPO to ~4.48%. The sell-down comes even as Delhivery reports 30% YoY Q4 revenue growth to Rs 2,850 crore and Rs 72.3 crore profit.
Nexus Venture Partners sold another Rs 208 crore of Delhivery shares via BSE bulk deal, taking FY monetization past Rs 924 crore. Its stake has fallen from 10.26% at IPO to ~4.48%, as the logistics firm posts 30% Q4 revenue growth.