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HomeEconomyZomato co-founder Aakriti Chopra resigned: She had been working in the company for 13...

Zomato co-founder Aakriti Chopra resigned: She had been working in the company for 13 years, before this news Zomato's shares fell 2%.

Aakriti Chopra is also the wife of Albinder Dhindsa, CEO of Zomato's BlinkIt.

Aakriti Chopra, co-founder and Chief People Officer of food delivery company Zomato, has resigned with immediate effect. Aakriti was working in the company for the last 13 years. Zomato gave this information in its stock exchange filing on Friday.

Aakriti Chopra wrote in her exit mail, 'Deepinder Goyal, as discussed, I am formally sending my resignation, effective today, 27 September 2024. The journey of the last 13 years has been incredibly enriching. Thanks for everything. I'm always just a call away.'

Aakriti Chopra CEO of BlinkIt Albinder Dhindsa's wife

Deepinder Goyal is the co-founder and CEO of Zomato. Aakriti Chopra is also the wife of BlinkIt CEO Albinder Dhindsa. Aakriti Chopra is the 5th co-founder to exit the company in about two years.

Before the news of Aakriti Chopra's resignation, the company's shares closed at Rs 278 with a decline of 2.08% on Friday.

Before Aakriti Chopra, 4 co-founders have left the company

Before Aakriti Chopra, co-founders Gunjan Patidar, Pankaj Chaddha, Gaurav Gupta and Mohit Gupta have left the company. Pankaj Chaddha left the company in 2018 and Gaurav Gupta left the company in 2021.

CTO Gunjan Patidar resigned in January 2023

Before Chopra, many other people in senior positions have also left Zomato. Former CTO Gunjan Patidar resigned in January 2023, a few weeks after co-founder Mohit Gupta left the company.

Around the same time, the company's New Initiatives Head and former Food Delivery Chief Rahul Ganju and Siddharth Jhawar, Head of Zomato's Intercity Legends Service, also resigned. However, Zomato has brought back Rahul Ganju and Pradyot Ghate.

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Company's profit increased from ₹2 crore to ₹253 crore

Zomato had released the results for the first quarter of the financial year 2024-25 on August 1. In the April-June quarter, Zomato's profit has increased 126.5 times on an annual basis to Rs 253 crore.

The company's consolidated net profit in the same quarter a year ago was Rs 2 crore. Zomato's revenue increased by 74% to Rs 4,206 crore in the first quarter. Revenue in the same quarter a year ago was Rs 2,416 crore.

Deepinder created Foodibee in 2008, then changed the name to Zomato.

  • Deepinder Goyal and Pankaj Chadha together launched their food directory website named Foodibay in 2008. In just nine months, FoodieBay became the largest restaurant directory in Delhi NCR.
  • After two successful years, in 2010, the company was renamed Zomato. Soon after its success in Delhi-NCR, the company started expanding branches in cities like Pune, Ahmedabad, Bengaluru, Chennai and Hyderabad.
  • By 2012, Zomato had begun expanding overseas by expanding its services to Sri Lanka, UAE, Qatar, South Africa, the UK and the Philippines. In 2013, New Zealand, Turkey and Brazil were added to this list.
  • Zomato is a technology platform that connects customers, restaurant partners and delivery partners. Apart from food delivery, Zomato founder Deepinder Goyal had purchased Blinkit in August 2022 for grocery delivery.

Graphics Source: VaskarAssets

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