Aryan Sharma

Zappfresh said the acquisition will help it enter the ready food space, including ready-to-eat and ready-to-cook products, and expand into international export markets.

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Kumar will work on sharpening the firm’s investment strategy and positioning it as a go-to investor for startup founders and other venture capital firms.

Kapooria’s exit comes as competition in the quick commerce sector heats up. It also follows rival Zepto’s recent move to file draft papers with market regulator Sebi to raise Rs 11,000 crore through a confidential IPO process.

Garg shared the news on social media, marking the end of his time at the company he co-founded in January 2015.