Kabeer Biswas, Ex-Dunzo CEO, Joins Flipkart to Lead Quick Commerce Expansion

-Flipkart Minutes aims to expand rapidly by introducing new categories and expanding its dark store network across various cities.

-Although his LI profile still says, he is working with Dunzo, the internet has been abuzz with Biswas joining the e-commerce major Flipkart to strengthen its quick commerce bet Flipkart Minutes.

-Although Flipkart is yet to comment on the appointment, the move highlights the company’s strategic focus on scaling its quick commerce platform.

Kabeer Biswas, the former CEO of Dunzo, has joined Flipkart to oversee its quick commerce initiative, Flipkart Minutes, YourStory reported. Although Flipkart is yet to comment on the appointment, the move highlights the company’s strategic focus on scaling its quick commerce platform.

Flipkart Minutes aims to expand rapidly by introducing new categories and expanding its dark store network across various cities. 

As part of this expansion, Flipkart has already launched quick medicine delivery in Bengaluru and Delhi, with plans to extend the service to other major cities. Biswas's leadership is expected to drive significant growth and solidify Flipkart's presence in the competitive quick commerce space.

Although Biswas' LI profile still says, he is working with Dunzo, the internet has been abuzz with Biswas joining the e-commerce major Flipkart to strengthen its quick commerce bet - Flipkart Minutes.

According to Inc42's report, Dunzo's major investor, Reliance, has written off its $200 million investment in the platform. Reliance, which holds a 25.8% stake in Dunzo from its investment in January 2022, is no longer participating in discussions about additional funding or a potential distress sale.

 

Most of Dunzo's investors, including Google and venture capital firm LightBox, have also stepped down from the company’s board of directors. 

Founded in 2014, the Bengaluru-based company raised $75 million in its Series F funding round in April 2023, bringing its post-money valuation to $744 million as of April 14, 2023, according to data from Tracxn.