Indian Co-founder of Zomato Departs the Business After Other Executives Do as Well

Another executive has resigned from India's one of the major food delivery services. Zomato's Chief Technology Officer announced his resignation, following the loss of shares for nearly 57% of their value in the past year. Leaving Zomato\sZomato announced on Monday the resignation of Co-Founder and Chief Technology Officer Gunjan Patidar, joining other executives who departed from the company in the past several months. Reports claimed that Patidar is the fourth co-founder to depart the company. During the stock exchange filing, Zomato disclosed that Patidar was one of the original few workers of Zomato who worked to build the key systems of the company. [caption id="" align="aligncenter" width="1200"] Image credit- BusinessToday[/caption] "Over the last 10 plus years, he also developed a stellar tech leadership team that is capable of taking on the role of heading the tech function going forward," the statement stated. His contributions to the company were hailed as vital, as he developed a tech leadership team that became capable of taking on the mantle of guiding the company in the future. Today said that along from Patidar, Mohit Gupta, another co-founder of the company quit. He joined the company four years ago and was raised to co-founder in 2020 from his prior job as a Chief Executive Officer of the meal delivery company. The Head of Initiatives Rahul Ganjoo, and Erstwhile Vice President and Head of Intercity Gaurave Gupta were also the co-founders who quit the company last year. [caption id="" align="alignnone" width="970"] Image credit- Inventiva[/caption]

Zomato's Food Delivery Service

Zomato, which is backed by Ant Group, Temasek, and Goldman Sachs, could not acknowledge any reasons for Patidar's resignation, along with his other co-founders. SiliconAngle said that the company began in August 2021 as a restaurant aggregator and food delivery company with a $12 billion initial public offering. Last November 2022, the corporation cut off 3% of its workers, affecting 3,800 people and business units, including teams from technology, product, and marketing.

Amazon Food in India

Aside from Zomato, other meal delivery services in India struggled to thrive in these tough times. Amazon Food announced the termination of its services last November. After starting in 2020, Amazon stopped its offerings on December 29th, as a part of the company's bigger restructuring. "We are ending these initiatives in a staggered manner to take care of our customers and partners and we are helping our affected staff during this transition," the business noted. Despite this, Amazon is focused on providing customers with the finest online shopping experience with the largest range of products at excellent value and convenience. Through their services, TechCrunch stated that clients were able to order from handpicked local restaurants and cloud kitchens while experiencing convenience and the greatest levels of safety throughout the pandemic.