Foodtech giant Zomato‘s co-founder and Chief People Officer (CPO) Akriti Chopra has resigned from the company.
In͏͏ an͏͏ exchange͏͏ filing͏͏ with͏͏ the͏͏ BSE,͏͏ the͏͏ foodtech͏͏ giant͏͏ stated͏͏ that͏͏ Chopra͏͏ left͏͏ the͏͏ company͏͏ to͏͏ explore͏͏ other͏͏ interests.
The͏͏ filing͏͏ stated,͏͏ “We͏͏ would͏͏ like͏͏ to͏͏ inform͏͏ you͏͏ that͏͏ Ms.͏͏ Akriti͏͏ Chopra,͏͏ co-founder͏͏ and͏͏ Chief͏͏ People͏͏ Officer͏͏ designated͏͏ as͏͏ senior͏͏ management͏͏ personnel,͏͏ has͏͏ tendered͏͏ her͏͏ resignation͏͏ effective͏͏ September͏͏ 27,͏͏ 2024.”
Career͏͏ Journey͏͏ at͏͏ Zomato:
An͏͏ alumnus͏͏ of͏͏ Lady͏͏ Shri͏͏ Ram͏͏ College͏͏ for͏͏ Women,͏͏ Chopra͏͏ joined͏͏ Zomato͏͏ in͏͏ 2011͏͏ as͏͏ a͏͏ Senior͏͏ Manager͏͏ of͏͏ Finance͏͏ and͏͏ Operations,͏͏ eventually͏͏ advancing͏͏ to͏͏ the͏͏ position͏͏ of͏͏ Chief͏͏ Financial͏͏ Officer͏͏ (CFO)͏͏ in͏͏ 2019.
She͏͏ was͏͏ promoted͏͏ to͏͏ co-founder͏͏ in͏͏ 2021,͏͏ as͏͏ Zomato͏͏ was͏͏ preparing͏͏ to͏͏ go͏͏ public.
Chopra͏͏ is͏͏ married͏͏ to͏͏ Albinder͏͏ Dhindsa,͏͏ the͏͏ co-founder͏͏ and͏͏ CEO͏͏ of͏͏ Blinkit,͏͏ a͏͏ quick͏͏ commerce͏͏ company͏͏ that͏͏ Zomato͏͏ acquired͏͏ in͏͏ 2022.
Founded͏͏ in͏͏ 2008͏͏ by͏͏ Deepinder͏͏ Goyal͏͏ and͏͏ Pankaj͏͏ Chaddah,͏͏ Zomato͏͏ operates͏͏ across͏͏ various͏͏ verticals,͏͏ including͏͏ food͏͏ delivery,͏͏ quick͏͏ commerce,͏͏ B2B͏͏ supplies,͏͏ and͏͏ dining͏͏ experiences.͏͏ Following͏͏ Chaddah’s͏͏ departure͏͏ from͏͏ the͏͏ company͏͏ in͏͏ 2018,͏͏ three͏͏ other͏͏ senior͏͏ executives—Gaurav͏͏ Gupta,͏͏ Gunjan͏͏ Patidar,͏͏ and͏͏ Mohit͏͏ Gupta—were͏͏ promoted͏͏ to͏͏ co-founder͏͏ status.
Gaurav͏͏ Gupta͏͏ resigned͏͏ in͏͏ 2021,͏͏ while͏͏ Gunjan͏͏ Patidar͏͏ and͏͏ Mohit͏͏ Gupta͏͏ left͏͏ in͏͏ 2023͏͏ and͏͏ 2022,͏͏ respectively.͏͏ Following͏͏ Chopra’s͏͏ departure,͏͏ CEO͏͏ Deepinder͏͏ Goyal͏͏ remains͏͏ the͏͏ only͏͏ co-founder͏͏ at͏͏ the͏͏ foodtech͏͏ giant.
This͏͏ comes͏͏ as͏͏ Zomato’s͏͏ shares͏͏ are͏͏ experiencing͏͏ an͏͏ upswing.͏͏ On͏͏ September͏͏ 23,͏͏ the͏͏ stock͏͏ reached͏͏ an͏͏ all-time͏͏ high͏͏ of͏͏ INR͏͏ 298.05͏͏ during͏͏ intraday͏͏ trading͏͏ on͏͏ the͏͏ BSE.͏͏ The͏͏ surge͏͏ is͏͏ attributed͏͏ to͏͏ the͏͏ company’s͏͏ growing͏͏ profit͏͏ figures,͏͏ rising͏͏ revenue,͏͏ and͏͏ the͏͏ robust͏͏ growth͏͏ of͏͏ Blinkit.
Continue͏͏ Exploring:͏͏ Zomato shares͏͏ soar͏͏ to͏͏ all-time͏͏ high͏͏ of͏͏ INR͏͏ 298.05͏͏ amid͏͏ broader͏͏ market͏͏ rally
Strong͏͏ Financial͏͏ Results:
Zomato͏͏ reported͏͏ a͏͏ net͏͏ profit͏͏ of͏͏ INR͏͏ 253͏͏ crore͏͏ for͏͏ the͏͏ quarter͏͏ ending͏͏ June͏͏ 2024,͏͏ up͏͏ from͏͏ INR͏͏ 2͏͏ crore͏͏ in͏͏ the͏͏ same͏͏ period͏͏ last͏͏ year.͏͏ Additionally,͏͏ operating͏͏ revenues͏͏ surged͏͏ by͏͏ 74%,͏͏ reaching͏͏ INR͏͏ 4,206͏͏ crore͏͏ in͏͏ Q1͏͏ FY24,͏͏ compared͏͏ to͏͏ INR͏͏ 2,416͏͏ crore͏͏ in͏͏ Q1͏͏ FY23.
On͏͏ Friday͏͏ (September͏͏ 27),͏͏ the͏͏ company’s͏͏ shares͏͏ closed͏͏ down͏͏ 1.97%͏͏ at͏͏ INR͏͏ 278.25͏͏ on͏͏ the͏͏ BSE.
