Connect with us

Latest News

Blinkit Appoints Former Flipkart Executive as CFO

Published

on

Blinkit Appoints Former Flipkart Executive as CFO

Blinkit, the quick-commerce arm of Zomato, has appointed Vipin Kapooria as its new Chief Financial Officer (CFO). Kapooria brings a wealth of experience from his previous role as Vice President and Business Finance Head at Flipkart, where he played a crucial role in financial strategy and operations.

Context of the Appointment

Kapooria’s appointment comes at a pivotal time for Blinkit, especially following a series of high-profile departures within the company. Hemal Jain, who was overseeing finance operations for both Zomato and Blinkit, recently resigned. Prior to that, Amit Sachdeva, Blinkit’s former CFO, left to join PhysicsWallah as CFO. Kapooria’s arrival marks the first time Blinkit has had a full-time designated CFO in nearly two years, emphasizing the company’s commitment to strengthening its leadership team.

Key Qualifications

Vipin Kapooria is a chartered accountant with over 16 years of experience in financial management. His extensive background includes significant tenures at major firms:

  • Flipkart: As Vice President and Business Finance Head, Kapooria was instrumental in driving financial performance and strategic initiatives.
  • OYO and Yum! Restaurants: His roles at these companies further solidified his expertise in managing complex financial operations within fast-paced environments.

Strategic Importance of the Role

Kapooria’s appointment is significant as it fills a crucial role at Blinkit during a time when the quick-commerce sector is becoming increasingly competitive. His experience at Flipkart is expected to be invaluable in navigating the challenges and opportunities within this rapidly evolving industry.

Industry Landscape

The quick-commerce market has seen explosive growth, with companies like Blinkit expanding their offerings to compete more effectively against rivals such as Zepto and Swiggy’s Instacafe/Bolt. Recently, Blinkit launched a standalone app called Bistro, aimed at providing 10-minute food deliveries, which reflects its strategy to enhance service speed and customer satisfaction.

Conclusion

Vipin Kapooria’s appointment as CFO of Blinkit signifies a strategic move to bolster the company’s financial leadership amid a dynamic market landscape. With his extensive experience in e-commerce and finance, Kapooria is well-positioned to guide Blinkit through its next phase of growth and innovation in the competitive quick-commerce sector. As Blinkit continues to expand its services and enhance operational efficiency, Kapooria’s leadership will be critical in achieving these objectives.

Continue Reading
Advertisement
2 Comments

2 Comments

  1. xnxx

    January 4, 2025 at 10:20 am

    My partnher aand Isyumbled over here byy a different web address annd thouht I mayy ass well check thbings out.
    I like whawt I see so i amm just following you. Loook forrward to exploring
    your weeb pag repeatedly.

  2. xxxcharm.com

    February 3, 2025 at 9:19 pm

    I absolutely lpve youhr blog annd find mmany oof your post’s too
    be exactly I’m looking for. Doees oone offer guest writer to write
    conten availaable for you? I wouldn’t mind publishing a posst orr elaborating onn a few of
    tthe subjehts youu write relaqted to here. Again, aweslme web
    log!

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

Published

on

Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

Continue Reading

Latest News

How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

Published

on

Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

Continue Reading

Inverstors Stories

Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

Published

on

Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

Continue Reading
Advertisement

Recent Posts

Advertisement