Zomato food delivery CEO steps down; Deepinder Goyal to take charge

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Rakesh Ranjan, the chief executive of food delivery at Eternal—Zomato’s parent entity—is stepping down, people aware of the development told ET.

Ranjan, who was elevated to the role in May 2023, is exiting at a time when the company is witnessing a dip in its market share in the food delivery business—its largest revenue and profit driver.

“There’s an internal reshuffle underway, and as part of that, Rakesh is stepping down from his position as food delivery CEO. Deepinder (Goyal) will take over operations until a permanent replacement is…



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Zomato food delivery CEO steps down; Deepinder Goyal to take charge


Rakesh Ranjan, the chief executive of food delivery at Eternal—Zomato’s parent entity—is stepping down, people aware of the development told ET.

Ranjan, who was elevated to the role in May 2023, is exiting at a time when the company is witnessing a dip in its market share in the food delivery business—its largest revenue and profit driver.

“There’s an internal reshuffle underway, and as part of that, Rakesh is stepping down from his position as food delivery CEO. Deepinder (Goyal) will take over operations until a permanent replacement is…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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