Listed third-party logistics company Delhivery is looking to drive its next phase of value creation by expanding high-growth businesses, while continuing to improve margins, founder and chief executive Sahil Barua told ET in an interview .
The Gurugram-based company, which went public in May 2022 , had been the bellwether for the performance of India’s ecommerce industry until the December 2025 listing of Meesho . Barua said that the company was increasingly witnessing vertical ecommerce companies and direct-to-consumer (D2C) brands taking market share away from horizontals such as Amazon, Flipkart and Meesho. He also spoke about the limits of the in-house logistics arms of ecommerce platforms, the economics of quick commerce, and what has changed for Delhivery after becoming a public company. Edited excerpts:
