Zomato CTO Gunjan Patidar Quits after 14 years
The wave of top level executives quitting Zomato continues in 2023
5 January 2023
This is another big exit from the company after Zomato co-founder Mohit Gupta has quit the company after four and a half year stint in November last year.
In its regulatory filing, Zomato said that Patidar was not a key managerial personnel (KMP).
2023 continues to see a trend of high-level executives leaving Zomato, with the most recent departure being that of the company's CTO, Gunjan Patidar.
"With a tenure of 10 years, Gunjan Patidar played a pivotal role in building the core tech architecture for Zomato and assembling a resilient tech team that helped scale the company beyond what the early team ever thought possible. As one of the first few employees at Zomato, he helped lay the foundation for the company's success.
A graduate of Indian Institute of Technology, Delhi, Patidar was an intern at Zomato during his third year of engineering. Post his graduation, the former CTO joined Cvent, a US based event management company after which he joined Zomato full-time and climbed the corporate ladder.
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Four high-level executives, including the CTO, have quit the company within the last three months, with co-founder Mohit Patidar resigning in November, followed by the departure of the head of new initiatives, Rahul Ganjoo, and the VP of global growth, Siddharth Jahawar.
In September, Chief Financial Officer (CFO) of Zomato, Nitin Savara also resigned from the company.
With stocks 22% down from the listing price, Zomato, the food delivery giant founded in 2008 by Deepinder Goyal and Pankaj Chaddah, has been experiencing a financial downturn.
Last year, several major pre-IPO investors including Sequoia, TPG Capital, Lighthouse India, Tiger Global, SoftBank, Alibaba, and Uber chose to exit the company.
In a letter to the Listing department, the company announced that Patidar's role was not considered a key managerial position and that the disclosure of his departure was made voluntarily.