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Flipkart’s supply chain head Hemant Badri to lead quick commerce business

Economic TimesEconomic Times · 1y ago
Flipkart’s supply chain head Hemant Badri to lead quick commerce business
Medial

Flipkart is set to launch its quick commerce offering in July, with Hemant Badri leading the initiative as the Senior Vice President and Head of Supply Chain. The company plans to establish a network of dark stores to support its quick commerce operations. Badri brings over three years of experience at Flipkart and previously worked at Unilever and Colgate Palmolive. This move by Flipkart comes as quick commerce companies like Blinkit and Zepto expand their product offerings beyond groceries. Talks of a potential deal between Flipkart and Zepto fell through, leading Zepto to seek a $500 million funding round. Swiggy, another Bengaluru-based company, recently integrated its Mall offering with its quick commerce division, Instamart. Swiggy is also preparing for an IPO later this year.

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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.

Honasa appoints Flipkart’s Yatish Bhargava as CBO

EntrackrEntrackr · 1m ago
Honasa appoints Flipkart’s Yatish Bhargava as CBO
Medial

Honasa appoints Flipkart’s Yatish Bhargava as CBO Honasa Consumer Limited, the parent company of Mamaearth, has appointed Yatish Bhargava as Chief Business Officer with immediate effect. The post had been vacant since February 28, following the resignation of Zairus Master, who left the Gurugram-based firm citing personal reasons. Bhargava will also be designated as a Senior Management Personnel, the company informed in a stock exchange filing. Bhargava brings over 17 years of experience in P&L management and leading large-scale teams across general trade, modern trade, and e-commerce. Prior to joining Honasa, he held senior leadership roles at Flipkart and Hindustan Unilever Limited. Recently, Honasa elevated Karan Bajwa, who had been serving as Senior Vice President of Human Resources, to Chief Human Resources Officer (CHRO), and Avinash Dhagat, formerly Senior Vice President of Supply Chain, to Chief Supply Chain Officer (CSCO).

Will Quick Commerce Eat Amazon, Flipkart’s Festive Season Lunch?

Inc42Inc42 · 10m ago
Will Quick Commerce Eat Amazon, Flipkart’s Festive Season Lunch?
Medial

- Quick commerce platforms are gaining a significant share in online grocery sales, expected to reach 51% outside the festive season. - Quick commerce platforms are challenging local kirana shops rather than traditional ecommerce marketplaces. - Ecommerce giants like Flipkart and Amazon dominate mobile phone sales and quick commerce platforms have limited impact in this category. - Customers prefer the credit features, returns, and exchanges offered by ecommerce marketplaces during the festive season. - Quick commerce platforms have limited inventory risks in the fashion category, with vertical marketplaces holding the key share. - Quick commerce platforms are rapidly adopting skin care and beauty products, which may impact niche players like Nykaa and Purplle. - The emergence of quick commerce platforms like Blinkit, Zepto, and Swiggy Instamart has disrupted traditional ecommerce giants in the market.

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