Vipin Kapooria, chief financial officer of quick commerce firm Blinkit, has resigned about a year after joining the company, PTI reported on Tuesday.
Kapooria, a former Flipkart executive, has “moved on” from the Eternal-owned company, according to PTI sources. There was no official statement from Blinkit or its parent firm, Eternal, on the development.
Came back after a long hiatus
Blinkit had rehired Kapooria as full-time CFO after a long gap. His appointment marked the first time the company had a full-time CFO since Amit Sachdeva, who served as CFO and head of finance from 2019 to 2022, exited the firm.
The decision to bring Kapooria on board came a few months after Zomato, now under Eternal, described Blinkit as its most important business division. His hiring also followed shortly after the group raised Rs 8,500 crore through a qualified institutional placement.
Exit amid intensifying competition
Kapooria’s departure comes at a time when competition in India’s quick commerce and broader e-commerce space is intensifying. Rival Zepto has recently filed preliminary documents with the Securities and Exchange Board of India to raise Rs 11,000 crore through an initial public offering using a confidential route.
Flipkart, Kapooria’s former employer, is also reported to be preparing for a potential listing next year, PTI said. Zepto, led by Aadit Palicha, is expected to go public in the July–September quarter of 2026. Its listing would mean all major quick commerce players in India would be publicly listed.
About Kapooria
Kapooria brought with him more than a decade of experience across consumer internet, hospitality and retail businesses. Before joining Blinkit, he spent over four years at Flipkart, most recently as vice president, business finance, where he served as finance head for key categories including mobiles, electronics and large appliances.
He had earlier held senior finance leadership roles at Flipkart as director and associate director of business finance. Prior to that, Kapooria was vice president, business finance at OYO, where he functioned as business unit CFO for several new businesses, including self-operated hotels, workspaces, co-living and weddings.
His earlier career included stints at Yum! Restaurants International, where he led financial planning and analysis functions, focusing on reporting, forecasting and investment evaluation.
Eternal Share Price
Eternal’s share price plummeted to a 52-week low on the back of the news. The shares are down 2% in intra-day trade today.
