Zypto Appoints CoinSwitch Kuber’s Ramesh Bafna as CFO

Bafna replaces Jitendra Nagpal who joined Zipto in its early days. Bafna will take up the post in mid-May.

Bafna’s appointment marks a major milestone in Zepto’s growth and profitability metrics, where the company is now focused on building an industry-leading finance team for its next phase of scale, Zepto announced in a statement. said in a statement.

Bafna comes with over two decades of work experience in consumer technology and IT services companies.

Prior to joining Zepto, Bafna served as CFO at CoinSwitch Kuber, a wealth tech company; Prior to joining CoinSwitch Kuber, Bafna briefly served as CFO at Singapore-based Zilingo.

He has also held various positions in the Flipkart Group.

As ex-CFO of Myntra and an early member of the Flipkart team, Bafna is one of the country’s leading CFOs in e-commerce consumer internet and IT services companies with an overall experience of nearly two decades. Bafna also spent a decade at IT services company Wipro.

“Ramesh is a great 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 go public, we believe we need an incredible CFO and Ramesh is the right person for the job.”

Bafna said the next phase of India’s e-commerce journey is “quick, fresh and decentralised”.

“Zepto is re-imagining the consumer internet with depth, operational discipline and a long-term sustainable model. I look forward to this journey with some of the best minds in the country on the Zepto team,” he added.

Founded in 2021 by Stanford University dropouts, Adit Palicha and Kaivalya Vohra, Zepto started quick-commerce as a service enabling quick delivery of groceries to consumers. Headquartered in Mumbai, Zepto delivers over 6,000 grocery products in 10 minutes through a network of delivery hubs across the country.