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Zomato-backed firm appoints ex-Flipkart exec as CFO

Blinkit, a quick-commerce platform owned by Zomato, has appointed Vipin Kapooria as its new chief financial officer, sources have confirmed.

Kapooria previously held the role of vice president of business finance at Flipkart, where he managed financial operations for various product categories.

His appointment comes after Zomato raised 8,500 crore rupees (US$1.02 billion) through a qualified institutional placement.

Recent Zomato developments

Timeline
17-Dec-2024 📉 Zomato-backed fitness startup faces 42% rise in losses
  • CureFit reports net loss of ₹888.5 crore
  • Revenue up 33.6%, but losses rose 42%
17-Dec-2024 💼 Zomato’s finance head Hemal Jain resigns
  • Hemal Jain resigns from Zomato after 6 years
  • Plans to leave officially by January 31, 2025
13-Dec-2024 💵 Zomato disputes $94.8m tax bill
  • Zomato ordered to pay ₹8.04 billion in taxes.
  • Company plans to contest the tax order aggressively.
29-Nov-2024 💰 Zomato secures $1b in first fundraise since 2021
  • Zomato raises $1B via qualified institutional placement
  • Reduces foreign ownership, shifts to ‘domestic’ status
21-Nov-2024 💼 Zomato faces backlash over job ad that requires a fee
  • Goyal posts chief of staff role with 2M fee
  • Mixed reactions; may limit opportunities for some
12-Nov-2024 📦 Zomato, Swiggy deny competition law breach amid probe

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