Zomato's CTO and co-founder quits after a string of executive departures

Zomato Ltd., an Indian multinational restaurant aggregator and food delivery company, lost its chief technical officer, who is also a co-founder. Gunjan Patidar resigned from his post, and this was confirmed on Monday, Jan. 2.

His resignation comes after more than a decade of helping lead Zomato. Reuters reported that Patidar’s decision to quit also follows a series of recent high-profile departures. The company has already lost many top executives in the last few months.

The co-founder’s exit was revealed through Zomato’s stock exchange filing. The delivery firm wrote that "Patidar was one of the first few employees of Zomato and built the core tech systems for the company."

The group added, "Over the last ten-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."

India’s ZeeNews noted that the company did not mention any reason for Patindar’s sudden resignation. However, he is leaving as Zomato posted big losses in its latest two quarterly financial results.

Despite the results, its food delivery business saw an increase in its gross order values. It was reported that the total of its food delivery orders that were placed on Zomato’s online platform surged by 23% from a year earlier, as shown in the September quarter.

Meanwhile, Patidar followed the departure of its co-founder Mohit Gupta who left in November through resignation as well. He joined the company four-and-half years ago, and his chief executive officer post was elevated to co-founder role in 2020 in the firm’s food delivery unit.

Nith Savara, Zomato’s deputy chief financial officer and Siddharth Jhawar, vice president of global growth, also left not long ago. Last year, the company also lost Rahul Ganjoo, head of new initiatives, and Gaurav Gupta, another co-founder.

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