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Food delivery CEO Rakesh Ranjan still part of leadership team: Eternal

Economic Times

Economic Times · 4m ago

Food delivery CEO Rakesh Ranjan still part of leadership team: Eternal

Eternal, formerly known as Zomato, clarified that food delivery CEO Rakesh Ranjan hasn't resigned, countering media reports. The company stated that internal leadership reshuffling is standard practice to enhance organizational effectiveness. Eternal recently changed its official name but retains the brand name Zomato for its food delivery services. The regulatory clarification affirms Ranjan's ongoing role despite leadership adjustments.

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Related News

Eternal appoints Aditya Mangla as CEO of food delivery business

YourStory

YourStory · 1m ago

Eternal appoints Aditya Mangla as CEO of food delivery business

Eternal appointed Aditya Mangla as CEO of its food delivery business at Zomato, replacing Rakesh Ranjan. Ranjan stepped down after a two-year tenure but will remain with the company. Mangla, with over four years at Zomato, previously led product, supply, and customer experience for the food delivery arm. This leadership change is part of an internal reshuffle aiming for fresh perspectives amid a slowdown in Zomato's growth, attributed to reduced demand and increased competition.

Eternal denies reports of Rakesh Ranjan's departure as food delivery head

YourStory

YourStory · 4m ago

Eternal denies reports of Rakesh Ranjan's departure as food delivery head

Eternal, previously known as Zomato, refuted reports of CEO Rakesh Ranjan's departure amid rumors of internal reorganization. While media speculated that Co-founder Deepinder Goyal might become interim CEO, Eternal confirmed Ranjan hadn't resigned. Ranjan, with the company for over seven years, took on the CEO role for food delivery after leading Hyperpure. This news surfaces as the food delivery sector, dominated by Swiggy and Zomato, faces a slowdown in demand and customer acquisition challenges.

Zomato food delivery CEO steps down; Deepinder Goyal to take charge

Times Now · 4m ago

Zomato food delivery CEO steps down; Deepinder Goyal to take charge

Rakesh Ranjan, the CEO of food delivery at Zomato's parent company Eternal, is stepping down. Elevated to the role in May 2023, Ranjan's exit occurs as the company faces a dip in its food delivery market share. Deepinder Goyal will temporarily oversee operations during the internal reshuffle until a new CEO is appointed. The move follows a slowdown in the food delivery sector. External and internal candidates are being considered for the position.

Sluggish demand, gig worker churn, q-comm competition behind slowdown in food delivery, says Deepinder Goyal

Economic Times

Economic Times · 3m ago

Sluggish demand, gig worker churn, q-comm competition behind slowdown in food delivery, says Deepinder Goyal

Deepinder Goyal, CEO of Zomato parent Eternal, cites sluggish demand, a shortage of delivery workers, and competition from quick commerce as reasons for a slowdown in food delivery. Despite a 16% year-on-year rise in gross order value to Rs 9,778 crore, a 1% sequential dip was noted. Eternal also delisted 19,000 restaurants for quality issues. The company underwent leadership reshuffling for fresh perspectives, with Goyal overseeing food delivery temporarily after Rakesh Ranjan's role change.

Zomato Bans Use Of AI Generated Images By Restaurant Partners

Inc42 · 11m ago

Zomato Bans Use Of AI Generated Images By Restaurant Partners

Non-compliant restaurants will be removed from Zomato's platform starting September 16, according to Rakesh Ranjan, the CEO of Zomato's food ordering and delivery division. Artificial intelligence (AI) will still be employed by the company to catalog food and improve their quick commerce business. This decision follows Zomato CEO Deepinder Goyal's recommendation for restaurant partners to avoid using AI for generating dish images in their menus.

Zomato hires new CEO for food delivery business; Goyal says, 'We need leaders who believe...'

IndianStartupNews

IndianStartupNews · 1m ago

Zomato hires new CEO for food delivery business; Goyal says, 'We need leaders who believe...'

Zomato has appointed Aditya Mangla as CEO of its food ordering and delivery business, effective for a two-year term following the tenure of Rakesh Ranjan. Mangla, who joined Zomato in 2021, has held significant roles such as head of supply, customer experience, and product for the food delivery vertical. His leadership comes amid a slowdown in growth, with the segment's year-on-year growth dipping below 20%. Mangla aims to guide the company through its next chapter.

Zomato CEO Deepinder Goyal’s advice to Swiggy: ‘Competent people can’t recognise they are complacent, don’t…’

Livemint

Livemint · 9m ago

Zomato CEO Deepinder Goyal’s advice to Swiggy: ‘Competent people can’t recognise they are complacent, don’t…’

Food delivery aggregator Swiggy recently had its successful IPO, making hundreds of its employees "crorepatis" with their holdings now worth crores of rupees. Zomato CEO Deepinder Goyal, offering perspective as his company went public earlier this year, warned about the unintended consequences of sudden wealth. Goyal highlighted the potential for complacency and a slowdown in innovation among employees who became financially secure. Despite this, Zomato's food delivery CEO, Rakesh Ranjan, expressed optimism about the industry's future, stating that increased competition, such as Swiggy's IPO, would foster innovation and overall growth.

Small restaurants, cloud kitchens heating up competition: Zomato's Rakesh Ranjan

Livemint

Livemint · 1y ago

Small restaurants, cloud kitchens heating up competition: Zomato's Rakesh Ranjan

Rakesh Ranjan, CEO of Zomato's food delivery, discusses the company's profitability, the evolving restaurant landscape, and the challenges of differential pricing. He notes the shift in the restaurant landscape with the rise of cloud kitchens and increased competition from small restaurants. Ranjan addresses concerns about differential pricing, stating that while it impacts restaurants, it is not fully traceable, and Zomato is working with restaurants to understand its effects. He also talks about Zomato Gold's evolution and ongoing engagement with the National Restaurant Association of India.

No obvious threat, says Eternal CEO Goyal on new entrants in food delivery space - The Economic Times

Economic Times

Economic Times · 1m ago

No obvious threat, says Eternal CEO Goyal on new entrants in food delivery space - The Economic Times

Eternal CEO Deepinder Goyal isn't concerned about new entrants like Rapido entering the food delivery space, as he believes there's no current innovation posing an "obvious threat." Rapido plans to launch its food delivery app, Ownly, in Bengaluru, charging lower commissions compared to competitors like Zomato and Swiggy. Eternal is expanding with a new subsidiary, Blinkit Foods, while Swiggy introduces the ‘99 store’ amidst rising competition and slow demand in the food delivery segment.

Paytm’s Vijay Shekhar Sharma cheers Deepinder Goyal as camaraderie adds fizz to Zomato’s 16th anniversary ad

Livemint

Livemint · 1y ago

Paytm’s Vijay Shekhar Sharma cheers Deepinder Goyal as camaraderie adds fizz to Zomato’s 16th anniversary ad

Zomato's 16th anniversary is making headlines as Paytm CEO Vijay Shekhar Sharma shared the celebration ad released by Zomato's CEO Deepinder Goyal. Sharma congratulated Goyal and the executive team while expressing admiration for the advertisement. As a gesture of gratitude to its users, Zomato is offering an exclusive Zomato Gold membership for ₹30 for six months. The advertisement features key team members such as Akriti, Akshant, Rakesh, and Vipin. The online food delivery market in India is projected to reach $43.78 billion by 2024, according to Statista.

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