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Blinkit ropes in Flipkart’s Vipin Kapooria as CFO

EntrackrEntrackr · 7m ago
Blinkit ropes in Flipkart’s Vipin Kapooria as CFO
Medial

Quick commerce platform Blinkit has named Vipin Kapooria as its new Chief Financial Officer (CFO). This marks the Zomato-owned company’s first full-time CFO appointment in over two years. Kapooria previously held the role of Vice President and Business Finance Head at Flipkart, where he contributed for more than four years. According to Kapooria's LinkedIn profile, he served as the Business Finance Head for the mobiles, electronics, and large appliances categories at the Walmart-owned company. Moneycontrol reported the development first. Entrackr has reached out to Zomato for more information. This development follows the recent resignation of Hemal Jain, who oversaw finance operations for both Zomato and Blinkit. In August 2022, Blinkit's CFO, Amit Sachdeva, resigned and later assumed the role of CFO at IGT Solutions in early 2023. Most recently, Sachdeva was appointed as the CFO of the edtech unicorn PhysicsWallah. This marks the fifth high-profile departure from Flipkart, with its executives moving to rival companies. Notably, Swiggy has recruited four former Flipkart leaders, including Kanika Tiwari, Hari Kumar G (CBO of Instamart), Shalabh Shrivastava (SVP Driver Org), and Amitesh Jha (CEO of Instamart). Similar to Blinkit and Instamart, Flipkart has also ventured into the quick commerce space with its service, Minutes, currently operating in select areas of Bengaluru, Gurugram, and Mumbai.

Bizongo appoints CEOs, CTPO and CFO for new verticals

EntrackrEntrackr · 10m ago
Bizongo appoints CEOs, CTPO and CFO for new verticals
Medial

E-commerce-focused packaging company Bizongo is ramping up the top deck of its raw material marketplace BizongoBuy and embedded supply chain finance platform BizongoFin with new chief executive officers (CEOs). The group has also appointed chief technology and product officer (CTPO) and chief financial officer (CFO), strengthening its senior leadership. Ex-banker Kiran Dev has been named CEO to lead BizongoFin, the fintech arm specializing in embedded supply chain financing solutions to address the $300 billion unmet SME credit needs. Prahlad Krishnamurthi has joined as the CEO to lead BizongoBuy, the integrated B2B marketplace for SMEs to buy raw materials. Last week, Krishnamurthi stepped down from the post of Cleartrip’s chief business officer (CBO). In addition, Gaurav Singhania has been appointed as the group’s Chief Financial Officer. The firm has also roped in Amol Wanjari as the group’s CTPO. He will draw on his leadership experience at Amazon and Acko to deliver an e-commerce-like experience to Indian SMEs through Bizongo’s digital platforms. In October last year, Bizongo had raised $50 million in its Series E funding round led by existing investor Schroder Adveq. Soon after the fundraise, it also acquired FactoryPlus, a digitisation app for MSME factories. Bizongo’s revenue from operations grew 98.6% to Rs 166.86 crore in FY23 while its losses spiked 173.1% to Rs 291.57 crore during the same period. Its FY24 numbers are yet to be disclosed.

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