Zomato co-founder Gunjan Patidar ends 14-year run on the firm, quits

It might be a brand new 12 months for a lot of, however within the case of meals supply aggregator Zomato, some issues have remained fixed. The platform goes into the brand new 12 months with the exit of yet one more co-founder, in CTO Gunjan Patidar, who resigned from his submit on Monday.

In a regulator submitting, the meals supply unicorn knowledgeable that Patidar parted methods with the corporate and that he was not a key managerial personnel (KMP). He tendered his resignation on Monday; nevertheless, the explanations for his resignation weren’t disclosed within the regulatory submitting.

“During the last ten-plus years, he additionally nurtured a stellar tech management group that’s able to taking over the mantle of main the tech operate going ahead. His contribution to constructing Zomato has been invaluable,” learn the submitting by Zomato.

The corporate noticed its web loss for the third quarter drop to ₹250.8 crores, whereas its income from operations rose by 62.20% to achieve ₹1,661.3 crores. It additionally laid off round 3% of its workers based mostly on their common efficiency.

One of many earliest workers of the platform, Patidar was a part of the Zomato household for an extended 14 years – he joined in December 2008. Based on his LinkedIn profile, the alumnus of India Institute of Delhi (IIT) was accountable for all of the tech verticals of the platform, in addition to liable for nurturing contemporary expertise and build up the power to result in additional enhancements within the design, improvement, and deployment of latest merchandise for purchasers.

See also  Zomato scrip drops by 14%, market cap beneath final non-public fairness valuation as IPO lock-in interval ends

The truth is, Zomato provides that Patidar was liable for constructing the core tech methods of the unicorn. His departure from Zomato marks the most recent occasion of high-profile exits from the corporate since final 12 months (and past). November 2022 noticed Mohit Gupta, a fellow co-founder, step down from his position and resign, thereby ending his four-and-a-half-year stint on the unicorn. The identical month witnessed the departure of Rahul Ganjoo, former chief of meals supply and head of latest companies, from the platform.

Later, Siddharth Jhawar, former vp of worldwide progress at Zomato, left the corporate to take up the submit of nation supervisor at Moloco, whereas Zomato co-founder Gaurav Gupta give up quickly after the corporate accomplished its IPO.