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SoftBank Cuts Its Delhivery Stake To 7.61% As Early Backers Keep Selling
Japan’s SoftBank has trimmed its Delhivery stake to 7.61%, slowly selling shares in the Indian logistics company over nearly two years. A stake is simply the share of a company that an investor owns. SoftBank’s cut comes right after two other early backers, Alpha Wave and Nexus, also sold large chunks of their Delhivery holdings. The moves show big early investors are steadily booking profits as Delhivery matures.
How much SoftBank sold
SoftBank held its Delhivery shares through an arm called SVF Doorbell (Cayman) Ltd. It has cut its stake to 7.61%, down from 9.67% back in September 2024. Over that period it sold about 1.45 crore shares. The most recent sale was 11.20 lakh shares on June 22, 2026, at roughly ₹460 per share. The selling happened through open-market deals and “bulk deals” — large trades done in one go.
SoftBank first backed Delhivery by leading a $413 million funding round in 2019. Delhivery has been a listed public company since 2022, which makes it easy for early investors to sell their shares on the stock market.
Alpha Wave and Nexus exit too
SoftBank is not alone. Alpha Wave Ventures fully exited, selling a 1.93% stake for ₹665 crore — about 1.44 crore shares at around ₹460 each. Nexus Venture Partners sold 43.24 lakh shares worth ₹208 crore, after offloading shares worth ₹530 crore and ₹186 crore in separate deals in April. So three major early backers have all been heading for the exit.
Key facts
| Detail | Figure (as reported) |
|---|---|
| SoftBank stake now | 7.61% (from 9.67% in Sept 2024) |
| Shares SoftBank sold | ~1.45 crore over ~2 years |
| Latest sale | 11.20 lakh shares on June 22, 2026 |
| Share price | ~₹460 per share |
| Alpha Wave exit | 1.93% stake for ₹665 crore |
| Nexus recent sale | 43.24 lakh shares for ₹208 crore |
| SoftBank’s original 2019 round | $413 million |
How Delhivery is doing
The business itself looks healthy. In the fourth quarter of FY26, Delhivery posted a net profit of ₹72.4 crore, roughly flat from a year earlier. Operating revenue rose 30% year-on-year to ₹2,850 crore. The company also sees a future pipeline worth about ₹1,800 crore in yearly revenue across areas like automobiles, FMCG (fast-moving consumer goods, such as everyday packaged products), e-commerce, and industrial clients.
So the selling is less about worry over Delhivery and more about early investors cashing in after long holds.
Why it matters (especially for India and founders)
When big early investors like SoftBank sell, it can briefly push a stock down because more shares hit the market. But it also marks a natural stage in a startup’s life: early backers exit so they can fund the next wave of young companies. For Indian founders, it is a reminder that investor money is patient but not permanent.
Delhivery’s steady profit and revenue growth suggest it can stand on its own without these early names. The shift also reflects a broader churn in Indian startup investing — money moving out of mature firms and into new bets, much like the fresh raises seen in Vishal Sikka’s new AI venture and the Alienkind cafe chain.
FAQ
How much of Delhivery does SoftBank still own?
SoftBank now owns 7.61% of Delhivery, down from 9.67% in September 2024.
Why are investors selling Delhivery shares?
Early backers like SoftBank, Alpha Wave, and Nexus are booking profits after years of holding, not because of weak business results.
Is Delhivery profitable?
Yes. In Q4 FY26 it reported a net profit of ₹72.4 crore and operating revenue of ₹2,850 crore, up 30% year-on-year.
The takeaway
SoftBank, Alpha Wave, and Nexus are all stepping back from Delhivery, but the company’s numbers stay strong. The selling marks the end of one investor era and the start of Delhivery’s life as a more independent, profit-making public firm.
Source: Inc42 — After Alpha Wave & Nexus, SoftBank Pares Stake In Delhivery To 7.61%
