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 rumors suggesting that he may rejoin Flipkart, where he had worked for around seven years in two separate stints.
Kapooria’s tenure at Blinkit was marked by significant growth and expansion for the company. As the company’s first full-time designated CFO since Amit Sachdeva, who worked at the startup as CFO between 2019 and 2022, left the firm, Kapooria played a crucial role in shaping Blinkit’s financial strategy and overseeing its operations. His experience and expertise in the field of finance were instrumental in helping the company navigate the challenges of the quick commerce market.
However, despite his contributions to Blinkit’s growth, Kapooria has decided to move on. The reasons behind his departure are not entirely clear, but it is rumored that he may be looking to join Flipkart, where he had previously worked. Kapooria’s history with Flipkart dates back to 2014, when he first joined the company as a finance controller. He worked at Flipkart for around four years before leaving to join other companies. He then rejoined Flipkart in 2020 and worked there for another three years before joining Blinkit as its CFO.
If Kapooria does indeed rejoin Flipkart, it would be a significant move for the company. Flipkart has been expanding its operations and exploring new areas of growth, including the quick commerce market. Kapooria’s experience and expertise in this field could be invaluable to the company as it looks to compete with other players in the market.
Blinkit, on the other hand, will need to find a new CFO to replace Kapooria. The company has been growing rapidly, and its financial management will be crucial to its continued success. Blinkit’s founders will likely be looking for a candidate with significant experience in finance and a deep understanding of the quick commerce market.
The news of Kapooria’s departure from Blinkit has significant implications for the company and the wider quick commerce market. As the market continues to evolve and grow, companies like Blinkit and Flipkart will need to adapt and innovate to stay ahead of the competition. The loss of a key executive like Kapooria could be a significant blow to Blinkit, but it also presents an opportunity for the company to bring in new talent and fresh perspectives.
In conclusion, the departure of Vipin Kapooria from Blinkit is a significant development in the quick commerce market. As the company’s CFO, Kapooria played a crucial role in shaping its financial strategy and overseeing its operations. His potential move to Flipkart could be a significant boost for the company, which is looking to expand its operations and compete in the quick commerce market. As the market continues to evolve, it will be interesting to see how Blinkit and other companies adapt and innovate to stay ahead of the competition.
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