Logistics hub in India
SoftBank’s investment arm, SVF Doorbell (Cayman) Ltd, has continued to reduce its shareholding in Indian logistics company Delhivery, bringing its stake down to 7.61%. This move follows similar stake reductions by other early investors, Alpha Wave Ventures and Nexus Venture Partners, as they book profits from their investments in the publicly listed firm.
SVF Doorbell sold approximately 1.45 crore shares between September 2024 and June 2026. The most recent transaction involved the sale of 11.20 lakh shares on June 22, 2026, executed through an open market transaction. This series of disposals lowered SoftBank’s holding from 9.67% in September 2024.
The disclosure obligation under Regulation 29(2) was triggered due to the disposal of 11,19,809 equity shares on June 22, 2026, which, combined with prior sales and fresh allotments, exceeded the 2% threshold. The company’s total share capital also increased during this period due to fresh share allotments on April 8, May 9, and June 9, 2026, following the exercise of employee stock options. This brought Delhivery’s total outstanding shares to 74.88 crore.
This development comes shortly after Alpha Wave Ventures completed its exit from Delhivery, selling its entire 1.93% stake for approximately ₹665 crore. Nexus Venture Partners also recently offloaded 43.24 lakh shares valued at ₹208 crore, marking its third stake sale in the quarter.
SoftBank was an early institutional backer of Delhivery, notably leading a $413 million funding round in 2019. Since Delhivery’s initial public offering in 2022, the Japanese investment giant has progressively decreased its stake, a trend observed among many early investors in mature tech companies.
The stake sales by early investors coincide with a broader market trend where investors are capitalizing on the upward trajectory of Indian tech company share prices, driven by improved financial performance. Recently, Mirae Asset Late Stage Opportunities Fund sold a 0.97% stake in Shadowfax for nearly ₹120 crore.
Delhivery reported a consolidated net profit of ₹72.4 crore in Q4 FY26, a slight year-on-year increase, with operating revenue growing 30% year-on-year to ₹2,850 crore. The company anticipates a robust pipeline of business opportunities, estimating potential annual revenue of approximately ₹1,800 crore across various sectors. Delhivery is actively investing in AI-driven logistics infrastructure and engineering capabilities to support its future growth.
As of the report date, Delhivery shares were trading 2.4% lower at ₹470.80 apiece on the BSE.
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