Zepto, an online grocery company, announced the appointment of Ramesh Bafna as its new Chief Financial Officer.
Prior to this, Bafna served as the CFO at the Wealth Tech company, CoinSwitch Kuber, and played a key role in the early days of Flipkart as part of its Finance team, and also spent a decade at IT services major Wipro.
The company stated that Bafna’s appointment signifies major milestones in its growth and profitability metrics, where it is now focusing on building an industry-leading Finance team for its next phase of scale.
Zepto’s Co-founder and CEO, Aadit Palicha, said, “Ramesh is a best-in-class e-commerce CFO and he will build a best-in-class Finance team at Zepto. Through disciplined execution, Zepto is delivering incredible progress on growth and profitability. To take Zepto public in 2-3 years, we believe we need an incredible CFO and Ramesh is the right person for the job. I’m looking forward to this journey of building a generational company with him onboard!”
On joining the company, Bafna, said, “I am really excited to be back in the next phase of India’s e-commerce journey, which is quick, fresh, and decentralized. Zepto is reimagining consumer internet with depth, operating discipline, and a long-term sustainable model. I’m looking forward to this journey, along with some of the best minds in the country at the Zepto team.”
In Mid-May, Bafna will take over the role from Jitendra Nagpal who joined Zepto during its early days and did a phenomenal job taking the company from 0 to 1 and beyond.
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