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Zomato's global finance head Hemal Jain quits
YourStory
·
7m ago
Medial
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.
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Zomato’s Business Finance Head Hemal Jain Quits
Inc42
·
7m ago
Medial
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.
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Another Leadership Exit at Zomato, Hyperpure's Hemal Jain Resigns Amid GST Demand
OutlookIndia
·
7m ago
Medial
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.
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Exclusive: ShareChat’s CBO Gaurav Jain quits
Entrackr
·
1m ago
Medial
Exclusive: ShareChat’s CBO Gaurav Jain quits Gaurav Jain, the Chief Business Officer of social media platform ShareChat, has resigned, according to an update shared by the company’s founder and CEO, Ankush Sachdeva on the company’s Slack channel. “Gaurav has played a pivotal role in shaping our Ad Sales and B2B Marketing teams. His steady leadership and thoughtful approach has helped us navigate some tough periods and drive progress,” said Sachdeva. According to the internal announcement, Jain will be with the company until July to ensure a smooth handover. He joined ShareChat in October 2022. Prior to that, he was Head of APAC Business Expansion at Snap for less than a year, and Head of Mid-Market Business for Meta India for more than three years. In the interim, ShareChat has named Manohar Charan, who will be stepping in to lead the business during the transition. Charan, who is the Chief Financial Officer of ShareChat, was recently elevated to the position of Co-founder of the Bengaluru-based company.
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Ola Krutrim business head Ravi Jain quits
Economic Times
·
9m ago
Medial
Ravi Jain, the business head of Krutrim AI, an artificial intelligence (AI) startup founded by Bhavish Aggarwal, has left the company. This is the first top-level exit from the unicorn AI venture. It comes after recent announcements of new products and services, such as AI chip and cloud services. Previously associated with Ola, Jain joined Krutrim AI when Aggarwal assembled a team for the venture in 2023. Krutrim AI became a unicorn earlier this year after raising $50 million in funding. Aggarwal had launched the AI venture in April 2023.
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Blinkit ropes in Flipkart’s Vipin Kapooria as CFO
Entrackr
·
7m ago
Medial
Quick commerce platform Blinkit has named Vipin Kapooria as its new Chief Financial Officer (CFO). This marks the Zomato-owned company’s first full-time CFO appointment in over two years. Kapooria previously held the role of Vice President and Business Finance Head at Flipkart, where he contributed for more than four years. According to Kapooria's LinkedIn profile, he served as the Business Finance Head for the mobiles, electronics, and large appliances categories at the Walmart-owned company. Moneycontrol reported the development first. Entrackr has reached out to Zomato for more information. This development follows the recent resignation of Hemal Jain, who oversaw finance operations for both Zomato and Blinkit. In August 2022, Blinkit's CFO, Amit Sachdeva, resigned and later assumed the role of CFO at IGT Solutions in early 2023. Most recently, Sachdeva was appointed as the CFO of the edtech unicorn PhysicsWallah. This marks the fifth high-profile departure from Flipkart, with its executives moving to rival companies. Notably, Swiggy has recruited four former Flipkart leaders, including Kanika Tiwari, Hari Kumar G (CBO of Instamart), Shalabh Shrivastava (SVP Driver Org), and Amitesh Jha (CEO of Instamart). Similar to Blinkit and Instamart, Flipkart has also ventured into the quick commerce space with its service, Minutes, currently operating in select areas of Bengaluru, Gurugram, and Mumbai.
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Eternal’s Food Delivery COO Rinshul Chandra resigns
Entrackr
·
3m ago
Medial
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.
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Exclusive: Increff co-founder Romil Jain quits
Entrackr
·
5m ago
Medial
Romil Jain, co-founder and former Chief Technical Officer of SaaS startup Increff, has left the firm, sources aware of the development told Entrackr. “Jain left Increff late last year and he’s likely to embark on a new entrepreneurial journey,” said one of the sources requesting anonymity. Before founding Increff in 2016, Jain worked as a Chief Architect and Principal Engineer at DevFactory and Computer Associates. He co-founded Increff with Rahul Jain and Anshuman Agarwal. According to sources, Jain is expected to announce his new project soon. Increff has declined to comment on the story. This development coincides with the elevation of Vishal Raj as the new co-founder of the company. Raj, who has been with Increff for over seven years, is the current CTO of the company.
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BharatPe's chief business officer Nishant Jain quits
Money Control
·
1y ago
Medial
BharatPe's Chief Business Officer (CBO), Nishant Jain, has resigned from the fintech firm and assumed the role of Executive Director and CBO (Assisted Business) at Angel One, a discount broking firm. Jain joined BharatPe in May 2020 and played a significant role in expanding the company's merchant base to 10 million within a year. His departure is part of a series of executive exits from BharatPe in recent times, including the Chief Operating Officer, Dhruv Dhanraj Bahl, who left the company last week.
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Zomato Cofounder, CPO Akriti Chopra Quits
Inc42
·
10m ago
Medial
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).
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Cleartrip’s CFO Aditya Agarwal Quits; Akshat Mishra To Lead Business Finance
Inc42
·
1y ago
Medial
Cleartrip's Chief Financial Officer (CFO), Aditya Agarwal, is stepping down due to personal reasons. Akshat Mishra will take over as the new head of Business Finance. Agarwal played a key role in shaping Cleartrip's financial strategy and organizational growth, including its merger and integration into the Flipkart Group, where he will remain for a few months to ensure a smooth transition. Mishra, with two years of experience within Cleartrip and eight years within Flipkart, reflects the company's commitment to nurturing internal talent. Cleartrip reported a net loss of INR 676.5 Cr in FY23.
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