This is the fourth big exit at the Gurugram-based food-tech company in recent months. Patidar is also the fourth cofounder to leave Zomato.
An IIT-Delhi alumnus, Patidar had been with the company since 2008, and as CTO, was responsible for all tech verticals. He was the third person to join Zomato.
“Gunjan Patidar was one of the first few employees of Zomato and built the core tech systems for the company. Over the past 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 in its stock exchange filing
In November, cofounder Mohit Gupta quit the company. In the same month, Rahul Ganjoo, head of new initiatives, and Siddharth Jhawar, vice president and head of intercity legends service, also resigned from their posts.
Two months after Zomato’s initial public offering (IPO) in July 2021, cofounder Gaurav Gupta quit the firm. Mohit Gupta and Gaurav Gupta were elevated to cofounder positions in 2020 and 2019, respectively. In 2018, Zomato’s initial cofounder Pankaj Chaddah left the company.
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Ahead of its IPO, in 2021, Zomato had elevated long-term executive Akriti Chopra to co-founder status. Chopra has been with the online food delivery platform since 2011, when she started as a senior manager of finance and operations. She later became the chief finance officer, a role which was taken over by Akshant Goyal in 2020. She was also promoted to chief people officer from head of people development.
In November, Zomato declared its earnings for the September-quarter reporting a narrowing of its quarterly loss to Rs 250.8 crore from Rs 434.9 crore a year earlier, even as it saw revenue from operations increase 62% year-on-year to Rs 1,661 crore during the three-month period.
In the shareholder letter for the second-quarter results, CEO Deepinder Goyal had noted that while Zomato’s food delivery business was growing and steadily moving towards profitability, “there is room for the business to grow much faster than what it is currently trending at”.
On Monday, Zomato’s shares ended trading at Rs 60.25 apiece on the BSE, 1.52% higher than its previous close.
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