Zomato shuts intercity food delivery service Legends due to lack of product-market fitIn its second version, the company tweaked the model to deliver pre-stocked items from other cities with a shorter delivery timeline. A sen...
22 Aug, 2024, 10.23 PM IST
2022 Year in Review | Who's in, who's out: Biggest executive moves in tech & startupsETtech has put together its annual list of CXO-level exits and big movements in the startup and tech industry in collaboration with executi...
28 Dec, 2023, 03.57 PM IST
CEO Deepinder Goyal, CFO Akshant Goyal overseeing functions of those who quit firm: ZomatoThe senior-level exits of late have included cofounders like Mohit Gupta and Gunjan Patidar, who was also its chief technology officer.
10 Feb, 2023, 10.51 PM IST
Zomato bullish on long-term prospects as it sees signs of demand revivalAccording to Zomato CFO Akshant Goyal, there has been an industry-wide slowdown in the food delivery business since late October (post-Diwa...
09 Feb, 2023, 09.17 PM IST
Zomato looking to hire 800 people, says CEO Deepinder GoyalIn a LinkedIn post, Goyal wrote: “...we have about 800 positions open across these five roles at Zomato. If you happen to know someone real...
24 Jan, 2023, 12.42 PM IST
Zomato is shutting down its 10-minute food delivery businessThe company recently communicated to restaurant partners that it would look to close down the service, said two sources privy to the develo...
23 Jan, 2023, 05.03 PM IST
Zomato shares fall over 4% after co-founder Gunjan Patidar resigns“Such developments create extra selling pressure on the stock. If these kinds of exits happen at the top level, it will have a negative imp...
03 Jan, 2023, 12.07 PM IST
Zomato cofounder & CTO Gunjan Patidar resignsThis is the fourth big exit at the Gurugram-based food-tech company in recent months. Patidar is also the fourth co-founder to exit Zomato.
03 Jan, 2023, 08.11 AM IST
Is yet another top-level exit at Zomato a winter chill for Street investors?Some market participants see a knee jerk negative impact of the news on the stock on Tuesday. Shares of the company ended 1.5% higher on th...
02 Jan, 2023, 10.41 PM IST
Bad news surrounds Zomato, but Street’s faith in turnaround story intactThe shares have corrected 9% in a week, but this is after the stellar gains it made earlier in the month. Net-net, so far in November, the ...
22 Nov, 2022, 11.18 AM IST
Zomato confirms plans to lay off 3% of staff nationwideThe company at present has nearly 3,800 employees. Zomato had last laid off about 520 of their employees which makes up about 13% of its st...
19 Nov, 2022, 08.24 PM IST
Zomato cofounder Mohit Gupta quits; third big exit this monthMohit Gupta, who was elevated to as a cofounder in 2020, had held various positions at Zomato including being its chief executive of its fo...
19 Nov, 2022, 09.29 AM IST
Zomato co-founder Mohit Gupta resigns, third high-profile exit in recent daysGupta said the journey to build a world class tech business out of India, for India (and then maybe the world) is still on
18 Nov, 2022, 08.27 PM IST
Zomato's head of new initiatives Rahul Ganjoo quitsGanjoo joined Zomato in 2017 as head of product development, and was made co-CEO of the company’s food-delivery business in October 2020. H...
14 Nov, 2022, 10.22 PM IST
Zomato Pay now live in some cities, replaces flagship Zomato Pro programmeWith Zomato Pay, customers can make payments at partner restaurants through the Zomato app and even avail of discounts and cashback. Zomato...
09 Nov, 2022, 01.25 PM IST
Zomato’s intercity delivery head Siddharth Jhawar quits; Blinkit executive Kamayani Sadhwani to take overSiddharth Jhawar joined Gurugram-based Zomato in April last year from Hotstar, where he was the head of strategic initiatives. He announced...
07 Nov, 2022, 01.21 PM IST
Zomato says confident to make profit from inter-city food deliveryOnline food aggregator Zomato on Wednesday said that its inter-city food delivery will start making profit even at "a slight scale" amid co...
28 Sep, 2022, 05.20 PM IST