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Zomato cofounder and chief people officer Akriti Chopra quits

Economic Times

Economic Times · 9m ago

Zomato cofounder and chief people officer Akriti Chopra quits

Akriti Chopra, co-founder of Zomato, has resigned from her position at the food and grocery delivery platform. Chopra, who had been with the company for a decade, held various roles including CFO and Chief People Officer. Her departure comes after the company's recent IPO.

Related News

Zomato Cofounder, CPO Akriti Chopra Quits

Inc42 · 9m ago

Zomato Cofounder, CPO Akriti Chopra Quits

Akriti Chopra has recently resigned from her position at Zomato, according to the company. She held a senior management role and decided to leave to pursue other opportunities. Chopra was promoted to cofounder of the foodtech company earlier this year, coinciding with Zomato's preparations for its initial public offering (IPO).

Zomato's global finance head Hemal Jain quits

YourStory

YourStory · 6m ago

Zomato's global finance head Hemal Jain quits

Zomato's global finance head, Hemal Jain, will be leaving the company by the end of January 2025 to pursue other opportunities. Jain, who has been with Zomato for six years, served as the global head of finance and CFO of Hyperpure. During his tenure, Jain played a significant role in financing Zomato's largest acquisition of Blinkit. Additionally, he focused on cost optimization and profitability enhancement, leading the company from a high monthly burn to organizational profitability. Jain's departure follows the resignation of Zomato's co-founder and chief people officer, Akriti Chopra, in September 2024.

Zomato’s Business Finance Head Hemal Jain Quits

Inc42 · 6m ago

Zomato’s Business Finance Head Hemal Jain Quits

Hemal Jain, the head of business finance and Hyperpure CFO at Zomato, has announced her resignation. Jain, who joined the foodtech company in 2018, will leave on January 31, 2025. This comes after Akriti Chopra, Zomato's co-founder and CPO, resigned earlier this year.

Another Leadership Exit at Zomato, Hyperpure's Hemal Jain Resigns Amid GST Demand

OutlookIndia

OutlookIndia · 6m ago

Another Leadership Exit at Zomato, Hyperpure's Hemal Jain Resigns Amid GST Demand

Hemal Jain, global head of finance at Hyperpure, a Zomato vertical, resigned amid a Rs 803 crore GST demand notice issued to Zomato. This follows other recent senior management departures, including cofounder Akriti Chopra and independent director Gunjan Tilak Raj Soni. Jain, who joined Zomato in 2018 and was involved in its 2021 IPO, will leave on January 31, 2025. Zomato plans to appeal the GST order related to non-payment on delivery charges.

Eternal’s Food Delivery COO Rinshul Chandra resigns

Entrackr

Entrackr · 2m ago

Eternal’s Food Delivery COO Rinshul Chandra resigns

Eternal’s Food Delivery COO Rinshul Chandra resigns Eternal Limited (Zomato) has announced the resignation of Rinshul Chandra, Chief Operating Officer of its Food Ordering and Delivery business. Chandra, a key member of the company’s senior management, tendered his resignation on April 5 and will officially step down on April 7. According to the company’s filing with stock exchanges, Chandra is stepping down to pursue new opportunities and passions aligned with his evolving personal and professional goals. Chandra joined Zomato (now Eternal) in 2018 as Assistant Vice President of Product and steadily rose through the ranks, serving as Vice President, Head of Business, and eventually taking on the role of Chief Operating Officer for the food delivery segment. Eternal Limited has not yet announced a replacement for Chandra. The development comes shortly after mass layoffs at Zomato. According to media reports, the company let go of around 600 customer support associates within a year of hiring them. Over the past year, Zomato has seen several key departures. Hemal Jain, who served as Global Head of Finance and CFO of Hyperpure, stepped down. Akriti Chopra, the company’s co-founder and Chief People Officer, also left. In October last year, Gunjan Soni resigned from her position as an Independent Director. Zomato recently rebranded itself to Eternal, which will comprise four major businesses: Zomato, Blinkit, District, and Hyperpure.

Adda247 Cofounder Chandan Singh Quits After 5 Years

Inc42 · 9m ago

Adda247 Cofounder Chandan Singh Quits After 5 Years

Nearly two years after his promotion to cofounder of Adda247 from his previous role as Chief Product Officer (CPO), Chandan Singh has decided to leave the edtech startup. He announced his departure in a LinkedIn post, revealing that he officially stepped away from the company last month. Singh’s exit marks a significant transition for both him and the startup.

Zomato’s Independent Director Gunjan Soni Steps Down

Inc42 · 8m ago

Zomato’s Independent Director Gunjan Soni Steps Down

- Soni will no longer be a member of the risk management committee and corporate social responsibility committee. - Soni has previous experience as the CEO of Jabong and is currently the CEO of Zalora. - This announcement comes after Zomato's CPO, Akriti Chopra, also resigned recently. - Soni is an alumna of XLRI Jamshedpur. - Zomato has not provided any specific reason for Soni's departure.

Ola group chief people officer N Balachandar quits

Economic Times

Economic Times · 6m ago

Ola group chief people officer N Balachandar quits

N Balachandar, the SVP and Group Chief People Officer at Ola Group, has resigned from his position. He was previously the Chief Human Resources Officer of Ola Electric and was later promoted to the group level. Balachandar has reportedly started his own management consultancy firm. This marks another senior-level exit at Ola, following resignations from executives in various divisions. Ola Electric had also recently laid off several employees amid market share decline and other challenges. Ola is facing tough competition in the ride-hailing and electric vehicle spaces.

Mamaearth's chief product and technology officer Jayant Chauhan quits

Economic Times

Economic Times · 8m ago

Mamaearth's chief product and technology officer Jayant Chauhan quits

Jayant Chauhan has resigned from his role as chief product and technology officer at Mamaearth-parent Honasa Consumer. In his resignation letter, Chauhan cited personal reasons and stated that his last day with the company would be November 30, 2024. Chauhan joined the beauty and personal care company in November 2020 and has previously held positions at Policybazaar, Paytm, Airtel, and Zomato.

Zomato adds new ESOP worth $39 Mn

Entrackr

Entrackr · 8m ago

Zomato adds new ESOP worth $39 Mn

Food tech major Zomato has introduced a new ESOP plan worth Rs 328 crore (approximately $39.5 million) under the Foodie Bay Employee Stock Option Plan 2014. The board at Zomato has received the board approval to grant 1,19,97,768 ESOP options under its Foodie Bay Employee Stock Option Plan 2014, its regulatory filing accessed through the National Stock Exchange shows. This development follows three months after Zomato received shareholder approval for a new ESOP plan valued at $458 million. At that point, the total value of Zomato’s ESOPs was $796 million. During the first quarter of the ongoing fiscal year, Zomato reported 4,206 crore of revenue, registering an 18.1% quarter-on-quarter growth with the profits standing at Rs 253 crore in the same period. The company is currently trading at Rs 276 crore (as of 04th Oct 2024 11.50 AM) with a total market capitalization of Rs 2,44,000 crore or $29 billion. Zomato’s arch-rival, Swiggy is also preparing for its public market debut. The Bengaluru-based company filed its draft IPO papers to raise Rs 3,500 crore via a fresh issue. Among the public companies, Policybazaar’s parent PB Fintech, Nykaa and TBO Tek also increased their ESOP pool in 2024. Meanwhile, Zomato is seeing major shifts in its leadership following the recent departure of Akriti Chopra, its co-founder and Chief People Officer. She joins other former co-founders, such as Pankaj Chaddah, Gaurav Gupta, Mohit Gupta, and Gunjan Patidar, who have also recently exited the company.

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