Blinkit Appoints Vipin Kapooria As Chief Financial Officer
12/19/24, 7:41 AM
Location
bengaluruPosition
chief financial officer
Blinkit, owned by Zomato, has appointed Vipin Kapooria as its new chief financial officer (CFO). This move comes as Blinkit aims to drive its expansion in the quick commerce sector, following the declaration by Zomato that Blinkit is its most crucial business division.
Company Info
Location
bengaluru, karnataka, india
Additional Info
The company has also raised the upper limit of its potential investments in the quick commerce segment, it said last month. operationsIn an internal note to Blinkit employees, Dhindsa wrote that the company would continue to focus on growth, reducing its burn rate, and improving its speed of execution. The company has an on-ground workforce of 30,000 and has opened 450 new warehouses and dark stores to scale its quick commerce plans. The company has taken tough calls, such as shutting 40 of its warehouses, to streamline operations. As a result, we are updating the upper bound of our potential investments in this category to $400m cash over the next two years,” the company added.