SoftBank’s SVF Doorbell cut its Delhivery stake to 7.61%, selling 1.45 Cr shares over nearly two years
The transactions reduced SVF Doorbell’s holding in the company to 7.61% from 9.67% in September 2024
The sale follows recent stake offloads by Alpha Wave Ventures and Nexus Venture Partners as investors book profits
Logistics company Delhivery’s early investors continue to pare their stakes and book profits. After Alpha Wave Ventures and Nexus Venture Partners, SoftBank’s SVF Doorbell (Cayman) Ltd reduced its stake in the company to 7.61% by selling shares between September 2024 and June 2026.
SVF Doorbell sold 1.45 Cr shares during the period, with the most recent disposal of 11.20 Lakh shares on Monday (June 22) via an open market transaction.
The transactions reduced SVF Doorbell’s holding in the company to 7.61% from 9.67% in September 2024.
“The disclosure obligation under Regulation 29(2) was triggered pursuant to the disposal of 11,19,809 equity shares on June 22, 2026, which, coupled with previous disposals and fresh allotments, breached the 2% threshold,” a filing said.
The disclosure was also made necessary due to an increase in Delhivery
’s total share capital during the period. The company made fresh share allotments on April 8, May 9 and June 9, 2026, following the exercise of employee stock options, taking its total outstanding shares to 74.88 Cr.
The filing came a day after Alpha Wave Ventures exited Delhivery by selling its entire 1.93% stake for about ₹665 Cr through bulk deals. The investor offloaded around 1.44 Cr shares at approximately ₹460 apiece across the NSE and BSE.
Earlier this week, Nexus Venture Partners also sold 43.24 Lakh shares of Delhivery worth ₹208 Cr. The transaction marked the VC firm’s third stake sale in the June quarter after it offloaded shares worth ₹530 Cr and another 40 Lakh shares worth ₹186 Cr in separate transactions in April.
SoftBank was among Delhivery’s earliest institutional backers, leading a $413 Mn funding round in 2019 that helped propel the Delhi NCR-based startup into the unicorn club.
Since Delhivery’s public listing in 2022, the Japanese conglomerate has gradually pared its holding in the company, joining a wider trend of early investors cashing out portions of their stakes as the company matures in the public markets.
With the share prices of many Indian new-age tech companies on an upward trajectory on the back of improving financial performance, investors have been paring their stakes in these companies to book profits. Yesterday, Mirae Asset Late Stage Opportunities Fund sold a 0.97% stake in Shadowfax for nearly ₹120 Cr, according to exchange data.
SoftBank’s stake sales come at a time when Delhivery has been strengthening its position in the country’s logistics market. It posted a consolidated net profit of ₹72.4 Cr in Q4 FY26, largely flat YoY, while operating revenue surged 30% YoY to ₹2,850 Cr.
Delhivery also pointed to a growing pipeline of business opportunities, estimating nearly ₹1,800 Cr in potential annual revenue across sectors, including automobiles, FMCG, ecommerce and industrials.
The company is investing in AI-driven logistics infrastructure and engineering capabilities, betting on technology to support its next phase of growth.
Shares of Delhivery were trading 2.4% lower at ₹470.80 apiece on the BSE at 10:42 IST.
Source: Inc42 - Startups
