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regular-article-logo Saturday, 04 May 2024

Gunjan Patidar, co-founder and CTO of Zomato quits

Patidar was one of the first few employees of app and built core tech systems for company

PTI New Delhi Published 03.01.23, 01:37 AM
Gunjan Patidar

Gunjan Patidar Twitter

Online food delivery platform Zomato said its co-founder and chief technology officer Gunjan Patidar resigned from the post on Monday.

Patidar was one of the first few employees of Zomato and built the core tech systems for the company, it said in a regulatory filing.

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“Over the last 10-plus years, he also nurtured a stellar tech leadership team that is capable of taking on the mantle of leading the tech function going forward. His contribution to building Zomato has been invaluable,” the company said. It, however, did not disclose the reasons for his resignation.

In November last year, another company co-founder, Mohit Gupta, resigned. Gupta, who had joined Zomato four-and-half years back, was elevated to co-founder in 2020 from the position of CEO of its food delivery business.

Zomato had witnessed some top-level exits last year, including those of Rahul Ganjoo, who was head of new initiatives, and Siddharth Jhawar, the erstwhile vice-president and head of Intercity, and co-founder Gaurav Gupta.

Swiggy loss widens

Food and grocery delivery platform Swiggy has reported a widening of its net loss toRs 3,628.9 crore for FY2022.

The company had posted a net loss of Rs 1,616.9 crore in the previous fiscal.

According to the financial data accessed by Tofler, the company’s revenue from operations stood at Rs 5,704.9 crore for the fiscal ended March 2022 against Rs 2,546.9 crore in the year-ago period.

According to the directors report filed by the company with the Registrar of Companies, total revenue grew more than two-fold to Rs 6,119.8 crore during the fiscal from Rs 2,675.9 crore a year ago.

“We continued to focus on growth post-business recovery from Covid, particularly on the expansion of our quick commerce offering.”

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