Blinkit CFO Vipin Kapooria quits, likely to join Flipkart: Report
The Indian startup ecosystem has witnessed a significant development, with Blinkit’s Chief Financial Officer (CFO), Vipin Kapooria, resigning from his position after a little over a year. According to a report by Moneycontrol, Kapooria’s exit from the quick commerce startup has sparked speculation about his potential next move, with many believing he may rejoin Flipkart, where he previously worked for around seven years in two separate stints.
Kapooria’s departure from Blinkit marks the end of an era, as he was the company’s first full-time designated CFO since Amit Sachdeva, who held the position between 2019 and 2022, left the firm. During his tenure, Kapooria played a crucial role in shaping Blinkit’s financial strategy and overseeing its growth. His experience and expertise were instrumental in helping the company navigate the challenges of the highly competitive quick commerce market.
The news of Kapooria’s resignation has sent shockwaves through the startup community, with many wondering about the reasons behind his decision to leave Blinkit. While the exact reasons for his exit are not yet clear, it is believed that Kapooria may be looking to explore new opportunities and challenges. His potential return to Flipkart, where he has a strong network and experience, is seen as a likely move.
Kapooria’s association with Flipkart dates back to 2014, when he first joined the company as a finance controller. He worked with Flipkart for around four years before moving on to other opportunities. However, he rejoined Flipkart in 2020, taking on the role of senior vice president, finance. His experience at Flipkart has given him a deep understanding of the e-commerce industry, and his skills and expertise would be a valuable asset to the company.
The development comes at a time when Blinkit is facing intense competition in the quick commerce market. The company, which was previously known as Grofers, has been expanding its services to new cities and increasing its product offerings. However, the market is highly competitive, with other players such as Zepto, Dunzo, and Swiggy Instamart vying for market share.
Kapooria’s resignation may be seen as a setback for Blinkit, but the company is likely to continue its growth trajectory. The quick commerce market is expected to grow significantly in the coming years, driven by increasing demand for fast and convenient delivery services. Blinkit, with its strong brand presence and wide reach, is well-positioned to capitalize on this trend.
The news of Kapooria’s exit has also sparked speculation about the potential impact on Blinkit’s operations. While the company may face some challenges in the short term, it is likely to continue its growth momentum. The company has a strong team in place, and its founders, Albinder Dhindsa and Saurabh Kumar, have a deep understanding of the market and the company’s operations.
In conclusion, the resignation of Blinkit’s CFO, Vipin Kapooria, has sent shockwaves through the startup community. While the exact reasons for his exit are not yet clear, his potential return to Flipkart is seen as a likely move. Kapooria’s experience and expertise would be a valuable asset to Flipkart, and his departure may be seen as a setback for Blinkit. However, the company is likely to continue its growth trajectory, driven by increasing demand for quick commerce services.
Read the full report here:
https://www.moneycontrol.com/news/business/startup/blinkit-cfo-vipin-kapooria-quits-in-about-a-year-since-taking-over-likely-to-rejoin-flipkart-13747500.html/amp
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