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PhysicsWallah appoints former Blinkit executive as CFO

EntrackrEntrackr · 8m ago
PhysicsWallah appoints former Blinkit executive as CFO
Medial

Edtech unicorn Physics Wallah (PW) has appointed former Blinkit executive Amit Sachdeva as its new chief finance officer (CFO). Sachdeva will lead the strategic and financial initiatives at the company, the appointment will also plant to ramp up its financial oversight and sustainable growth. Sachdeva has more than two decades of experience and has worked for multiple companies, including IGT Solutions and Wipro. “Amit’s experience in financial leadership and his focus on robust corporate governance will be invaluable as we continue our efforts to grow and broaden our educational impact. His approach to finance as a transformative tool aligns with PW’s goals,” said Alakh Pandey, CEO of Physics Wallah. Initially launched as a YouTube channel in 2014, Physics Wallah claims to offer free education to over 4.6 crore (46 million) students through its more than 112 YouTube channels in five vernacular languages. It has 5.5 million paid students. In September, Physics Wallah (PW) raised $210 million in a Series B funding round led by Hornbill Capital. According to data intelligence platform TheKredible, the company’s revenue from operations surged to Rs 1,940.4 crore in FY24, compared to Rs 744.3 crore in FY23.

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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.

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