Delhivery Limited (NSEI:DELHIVERY) on May 23, 2023 clarified that it has not held any discussions to acquire logistics player Gati Limited (BSE:532345). "The company would like to clarify that the news is factually incorrect and baseless. There have been no such discussions whatsoever," Delhivery stated in an exchange filing.

Media reports earlier on May 23, 2023 said that Delhivery is in early talks with All Cargo Group's company Gati, citing sources. The companies have been engaged in talks for a month, the report added. The report came a few days after Delhivery said that it will invest in ecommerce SaaS company Vinculum.

The ecommerce-focused logistics and supply chain company also announced its quarterly results last week. Cofounder and Chief Executive Officer Sahil Barua said "I do want to point out that a slowing market in which customers are focussed on profitability is an extreme advantage for Delhivery," he said. "We are by far the most efficient player in the market and at a time when our customers are counting their costs they will shift more volume to Delhivery".