Zomato has made changes to its senior leadership team
Zomato, an online food delivery platform, has made changes to its senior leadership team following the announcement of better-than-expected quarterly results for Q4 FY23. Rakesh Ranjan has been appointed as the CEO of Zomato’s food ordering and delivery business, while Rinshul Chandra has been named the COO of the same division. Additionally, Rishi Arora has been appointed as the CEO of Hyperpure, a subsidiary of Zomato.
Ranjan previously served as the business head of new businesses at Zomato, Chandra was the vice president of product, and Arora held the position of senior vice president of operations at owned quick commerce platform Blinkit before becoming its co-founder.
stated in a regulatory filing that leadership changes bring new perspectives to the business and help it evolve faster. The company believes that such changes are beneficial for people’s development and will contribute to long-term success.
Regarding the quick commerce side, it acknowledged the need for further margin improvement but expressed satisfaction with the progress made in a short period of time. In Q4 FY23, it implemented a delivery charge for orders below a certain minimum value, which resulted in a decrease in the number of unique restaurants billed. However, the overall profitability of the business improved as a result.
Please note that the paraphrased information is based on the provided text and my knowledge up until September 2021. The actual developments may have evolved since then, so it’s always best to refer to the latest news and official announcements.