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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.

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Related News

Zomato CEO Deepinder stopped from using mall's lift while collecting order in Gurugram

Inshorts · 10m ago

Zomato CEO Deepinder stopped from using mall's lift while collecting order in Gurugram

Zomato CEO Deepinder Goyal was stopped from using a lift at Gurugram's Ambience Mall while working as a food delivery agent. Goyal was asked to use "the other entrance" and take the stairs to reach the food outlet to collect customer's order. He revealed agents weren't allowed to enter the mall and had to wait at the stairs for orders.

Nutritionist asks Zomato, Swiggy to avoid using plastic containers

IndianStartupNews

IndianStartupNews · 1y ago

Nutritionist asks Zomato, Swiggy to avoid using plastic containers

In a recent Instagram post, nutritionist Luke Coutinho urged restaurants and food delivery platforms like Swiggy and Zomato to deliver food in biodegradable, non-plastic containers. As a discussion unfolded in the comments section, Zomato CEO Deepinder Goyal responded by thanking the nutritionist for addressing the issue. "Thanks, Luke, for bringing this up," Goyal said.

Zomato behind BookMyShow in ticketing business, hope Swiggy doesn't buy it: Deepinder

Inshorts · 10m ago

Zomato behind BookMyShow in ticketing business, hope Swiggy doesn't buy it: Deepinder

Zomato CEO Deepinder Goyal said the startup is behind BookMyShow in the ticketing business and will, at some point, "gun to be number one". Speaking to Moneycontrol, Goyal said he hopes that "Swiggy doesn't buy BookMyShow". Zomato and Swiggy are rivals in both food delivery and quick e-commerce spaces, with Zomato gaining a lead over Swiggy in recent years.

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’s Deepinder Goyal bets on health wellness space with new venture Continue

YourStory

YourStory · 10m ago

Zomato’s Deepinder Goyal bets on health wellness space with new venture Continue

Zomato Co-founder and Group CEO Deepinder Goyal has registered a new venture called "Continue". The company, which was incorporated in April this year, will focus on longevity ventures related to health tracking and mental wellness. It is not associated with Zomato and will operate independently. Deepinder Goyal has invested Rs 50,00,000 in the new venture. Several ex-Zomato executives have also joined Continue. Zomato, on the other hand, will continue to focus on its core businesses including Food Delivery, Blinkit, Hyperpure, and District. Zomato did not provide any comments on the new venture.

Deepinder Goyal replies to Luke Coutinho about Zomato's use of plastic packaging

Livemint

Livemint · 1y ago

Deepinder Goyal replies to Luke Coutinho about Zomato's use of plastic packaging

Zomato CEO Deepinder Goyal has responded to concerns raised by nutritionist Luke Coutinho about the use of plastic containers by food delivery services and restaurants. Coutinho urged food delivery platforms to switch to biodegradable packaging due to health risks associated with hot food and plastic. Goyal acknowledged the issue and pledged to prioritize the use of food-safe and biodegradable packaging, while also highlighting restaurants that already use such materials. Coutinho appreciated Zomato's response but criticized Swiggy for their lack of action.

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.

Cranking up growth priority for food business, keeping discipline intact for Blinkit is key: Zomato CEO Deepinder Goyal

Economic Times

Economic Times · 5m ago

Cranking up growth priority for food business, keeping discipline intact for Blinkit is key: Zomato CEO Deepinder Goyal

Zomato aims to boost growth in its food delivery and quick commerce sectors, despite industry challenges. CEO Deepinder Goyal highlighted systemic issues in the food delivery sector and emphasized discipline in execution to grow its Blinkit unit sustainably. While facing stiff competition, Zomato plans several strategic initiatives. In the December quarter, Zomato reported a 64% rise in operating revenue but saw a decline in net profit due to increased spending. Blinkit aims to grow without significant cash burn.

Zomato CEO Deepinder Goyal marries Mexican entrepreneur Grecia Munoz

Money Control

Money Control · 1y ago

Zomato CEO Deepinder Goyal marries Mexican entrepreneur Grecia Munoz

Zomato CEO Deepinder Goyal has recently married Grecia Munoz, a Mexico-born entrepreneur and former model. Munoz is currently working on her own startup focused on luxury consumer products. This is Goyal's second marriage, and the couple reportedly returned from their honeymoon in February. The news of their wedding was revealed through social media posts and circulated online. Goyal is the founder and CEO of Zomato, a popular food delivery platform operating in over 1,000 cities in India. Recently, Zomato faced criticism for its "pure veg" delivery fleet, which was later dropped due to safety concerns for delivery executives.

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.

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