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Blinkit CFO Vipin Kapooria resigns 18 months after joining quick commerce company
Blinkit chief financial officer Vipin Kapooria, who joined the country's largest quick commerce company in September last year, has resigned from his position, according to people in the know.
Kapooria had joined Gurugram-based Blinkit from ecommerce marketplace Flipkart, where he was a vice president of finance. According to one of the persons cited above, Kapooria is headed back to the Bengaluru-based company in a senior finance role.
This will be Kapooria's third stint at Flipkart. After joining the company in 2015, he had left for hospitality startup Oyo in 2018 before returning in 2020.
Flipkart, which entered the 10-minute delivery space in mid-2024, is preparing for a public listing next year. The company is currently in the final stages of the redomiciling process to move its base from Singapore to India.
For Eternal-owned Blinkit, which is locked in a battle with Zepto, Swiggy's Instamart, Flipkart Minutes and Amazon Now in the quick commerce space, Kapooria was the first full-time CFO after two years of the position being vacant.
Amit Sachdeva, who was earlier Blinkit's finance chief, had quit in 2022 after the company was acquired by Zomato (now Eternal).
Kapooria had joined Blinkit just ahead of the parent company's Rs 8,500-crore fundraise via a qualified institutional placement (QIP) last year, and worked closely with Blinkit CEO Albinder Dhindsa and Eternal CFO Akshant Goyal.
Blinkit and Flipkart did not respond to ET's queries.
The development was first reported by news website Moneycontrol.
The quick commerce space has seen a flurry of fundraising from the public markets over the last 12-14 months with Swiggy alone raising Rs 14,500 crore — first through an IPO in November 2024, and then a QIP earlier this month. Nexus Venture Partners-backed Zepto, the only standalone quick commerce company in the market, has made a confidential filing to raise Rs 11,000 crore through an IPO next year.
On Tuesday, Eternal's shares were trading 2.5% down at Rs 275.85 on the BSE.
Source: EconomicTimes
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