Zomato Co-founder Gunjan Patidar's resignation led to the food delivery service provider’s share falling by over 4%. This brought a cloud of uncertainty among investors.
Zomato's core tech team was formed largely under Gunjan Patidar’s leadership. A co-founder and CTO for more than 10 years, he built a solid tech leadership team that is capable of leading the tech function in future.
– Building AI and ML models – Building a larger tech architecture for Zomato – Nurturing tech team for future roles
"Over the last 10+ 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." Zomato said in a stock exchange filing.
Gunjan Patidar Graduated from IIT Delhi with a B.tech and began his career at Cvent as a software engineer. He joined Zomato’s IT division and was then promoted to the position of CTO. The estimated net worth of Gunjan Patidar is Rs.363 crore
– Siddhart Jhawar: Ex Vice-President of global growth – Rahul Ganjoo: Ex co-CEO of food delivery – Mohit Gupta: Ex co-founder and head of new initiatives – Gunjan Patidar: Ex CTO of Zomato
Zomato currently has a market valuation of Rs. 50,327 crores and holds a 55% market share according to Q3,2022 of september.
Zomato's market share is growing despite the foodtech unicorn appearing to have a series of top-level exits. In the future, it is probable that Zomato will remain a key participant in the market for online meal delivery and restaurant discovery.
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