- May 22, 2023 / 4 min readThe company on Friday reported a 70% year-on-year jump in its operational revenue for the March-quarter to Rs 2,056 crore, and its net loss narrowed to Rs 187.6 crore in the quarter, compared to Rs 359.7 crore in the year-ago period.
Zomato has made key level changes at its food and grocery delivery platform by elevating Rakesh Ranjan, and Rinshul Chandra as chief executive officer and chief operating officer of food ordering and delivery vertical, respectively.
The company has also appointed Rishi Arora as the CEO of its B2B vertical Hyperpure, shared Zomato in a regulatory filing.
Zomato announced the appointments at a time when it had reported positive adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) excluding quick commerce for the first time at Rs 28 crore during January-March.
The company on Friday reported a 70% year-on-year jump in its operational revenue for the March-quarter to Rs 2,056 crore, and its net loss narrowed to Rs 187.6 crore in the quarter, compared to Rs 359.7 crore in the year-ago period.
“Rakesh, Rinshul and Rishi have been with Zomato/Blinkit for more than five years across various roles. We believe that a change of leadership every now and then with capable people at the helm brings new perspectives to the business enabling it to evolve faster,” shared the company by adding that such leadership changes are also great for people development, and we are confident that our people strategy will set up for success even decades from now.
While Ranjan was business head of new businesses at Zomato, Chandra was vice president of product at the company. Arora, meanwhile, has been with Blinkit, formerly known as Grofers, for almost nine years and held the position of senior vice president of operations before being elevated to cofounder of Blinkit in July last year.
These appointments come in the backdrop of a series of senior level exits at the company, including cofounders like Mohit Gupta and Gunjan Patidar, who was also its chief technology officer. Senior executives like head of new initiatives Rahul Ganjoo and Siddharth Jhawar, who was the head of Zomato’s intercity delivery, also quit last year.Trending ArticleDaily UpdatesWhich is the highest format preference of Fun-Seeker?
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