Blinkit CFO Vipin Kapooria quits, likely to join Flipkart: Report
In a significant development, Blinkit CFO Vipin Kapooria has exited the quick commerce startup after more than a year, according to a report by Moneycontrol. Kapooria’s departure from Blinkit has sparked speculation about his next move, with sources suggesting that he may rejoin Flipkart, where he had worked for around seven years in two separate stints.
Kapooria joined Blinkit as its first full-time designated CFO in 2022, succeeding Amit Sachdeva, who had worked at the startup as CFO between 2019 and 2022. During his tenure at Blinkit, Kapooria played a crucial role in shaping the company’s financial strategy and overseeing its growth. However, his decision to leave the company after just over a year has raised eyebrows in the startup ecosystem.
According to the report, Kapooria’s exit from Blinkit is likely due to personal reasons, and he may be looking to explore new opportunities. Given his past experience at Flipkart, it is likely that he may rejoin the e-commerce giant. Kapooria had worked at Flipkart in two separate stints, first from 2011 to 2015 and then again from 2017 to 2020. During his time at Flipkart, he held various roles, including vice president of finance and head of corporate development.
Kapooria’s potential return to Flipkart would be a significant development, given the company’s ongoing efforts to strengthen its leadership team. Flipkart has been expanding its operations and exploring new business avenues, including grocery delivery and quick commerce. The company has also been investing heavily in technology and logistics to improve its customer experience and stay ahead of the competition.
The quick commerce space, in particular, has been a key area of focus for Flipkart, with the company launching its own quick commerce service, Flipkart Quick, in 2020. The service aims to deliver products to customers within 90 minutes, and has been expanding rapidly across the country. With Kapooria’s experience in finance and strategy, he could play a key role in shaping Flipkart’s quick commerce strategy and driving its growth.
Blinkit, on the other hand, will need to find a new CFO to replace Kapooria. The company has been expanding rapidly, with a focus on delivering products to customers within 10-15 minutes. However, the quick commerce space is highly competitive, with several players, including Dunzo, Swiggy, and Zomato, vying for market share. Blinkit will need to continue to innovate and invest in its operations to stay ahead of the competition.
The departure of Kapooria from Blinkit also highlights the challenges faced by startups in retaining top talent. Many startups struggle to compete with larger companies, including e-commerce giants like Flipkart, when it comes to attracting and retaining talent. The high demand for skilled professionals, combined with the competitive salary packages offered by larger companies, can make it difficult for startups to hold onto their top employees.
In conclusion, the exit of Vipin Kapooria from Blinkit is a significant development, not just for the quick commerce startup, but also for the broader startup ecosystem. As Kapooria potentially rejoins Flipkart, it will be interesting to see how he contributes to the company’s growth and strategy. Meanwhile, Blinkit will need to find a new CFO to replace Kapooria and drive its growth in the competitive quick commerce space.
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