Food delivery platform Zomato is facing significant changes in its upper management with major top-level exits. Most recently, the co-founder and Chief Technology Officer (CTO) of the company, Gunjan Patidar, has quit.
Patidar was one of the members of the core tech systems of Zomato and the first few employees of the company. Over the last ten-plus years, he also built a tech leadership team, Zomato revealed in a stock exchange filing, according to Money Control.
"Over the last ten-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.
Patidar's exit comes weeks after co-founder Mohit Gupta resigned from the company. Zomato's new initiatives head and former food delivery chief Rahul Ganjoo and Siddharth Jhawar, the head of its Intercity Legends service, also left the company.
Ganjoo resigned after a five-year stint in November 2022, whereas Jhawar also exited in November. He now runs adtech unicorn Moloco's India operations.
Zomato’s stock price has fallen by more than 50 per cent from its peak of Rs 162 on the BSE. The stock closed at Rs 60.30 on Monday.