Blinkit CFO Vipin Kapooria to rejoin Flipkart after spending over a year with Zomato-owned company

Blinkit's chief financial officer (CFO), Vipin Kapooria, has resigned. He is returning to Flipkart in a senior finance role, the Economic Times reported. The report cited people familiar with the matter to make this claim. Kapooria spent just over a year at the quick-commerce company after joining in September 2024. Kapooria joined Gurugram-based Blinkit from Flipkart, where he was a vice president of finance. This will be his third stint at Flipkart. He first joined the Bengaluru-based company in 2015, left for the hospitality startup Oyo in 2018, returned in 2020, and then joined Blinkit. Kapooria was Blinkit's first full-time CFO in two years. The position had been vacant since 2022, when Amit Sachdeva, Blinkit's former finance chief, quit after Zomato (now Eternal) acquired the company. Flipkart entered the 10-minute delivery space in mid-2024 and is preparing for a public listing next year. The company is currently in the final stages of moving its base from Singapore to India.For Eternal-owned Blinkit, which competes with Zepto, Swiggy's Instamart, Flipkart Minutes, and Amazon Now, Kapooria joined just before the parent company raised Rs 8,500 crore through a qualified institutional placement last year. He worked closely with Blinkit CEO Albinder Dhindsa and Eternal CFO Akshant Goyal.The quick commerce sector has seen significant fundraising over the last 12-14 months. Swiggy raised Rs 14,500 crore through an IPO in November 2024 and a QIP earlier this month. Nexus Venture Partners-backed Zepto has filed confidentially to raise Rs 11,000 crore through an IPO next year.In October, Dunzo founder Kabeer Biswas exited Flipkart Minutes less than a year after leading the Walmart-owned company’s quick commerce business, ET reported, citing people aware of the matter.Flipkart has now appointed Kunal Gupta to head Flipkart Minutes as it pushes deeper into the competitive 10-minute delivery space dominated by Blinkit, Swiggy Instamart, and Zepto.Gupta is a longtime Flipkart executive who currently leads the company’s fashion business. He joined Flipkart in 2014 and earlier served as category head for electronics.Kabeer Biswas had joined Flipkart in January as vice president of Flipkart Minutes after Dunzo shut down operations due to a cash crunch, despite raising $450 million from investors. He reported to Hemant Badri, who oversees Flipkart Minutes and the supply chain business. Gupta will also report to Badri.People familiar with the matter said Biswas had discussions about joining Tata Group-owned BigBasket, although he denied such talks when contacted earlier this year.