Food delivery app Zomato has named Akshant Goyal as its new chief financial officer, while incumbent Akriti Chopra will be moving into a new role.

Goyal is the third company executive to hold the finance portfolio in the last two years. Prior to this, he was the head of corporate development at the Gurugram-headquartered online food delivery company. Chopra will now head people development, a Zomato spokesperson said.

Prior to joining Zomato, the IIM-Bangalore and Delhi College of Engineering alum was the co-founder and CFO of PinCap, a fintech firm that helped SMEs secure short-term loans. He has also been an investment banker with Kotak Mahindra Bank for more than seven years.

Meanwhile, Chopra, a veteran at the company that saw significant leadership churn over the last few years, was appointed CFO in April last year after its former CFO, Sameer Maheshwary, resigned after having spent less than six months in the role. She was previously with PwC, and joined Zomato in November 2011, initially as part of its finance team where she established and scaled business finance functions across all its verticals. She has played a key role in building the company’s in-house legal, governance, risk, and compliance teams and has also been instrumental in Zomato’s multiple fund-raises and acquisitions as well in setting up its international presence as part of the global growth and international operations teams.

Zomato has been valued at $3 Bn as part of its ongoing $600 million funding round and Goyal, who has been with Zomato for about four years, has played a critical role in the company’s fundraising efforts. His appointment comes at a time when the foodtech firm is also talking with investment banks to kick off its initial public offering (IPO) process. Co-founder and chief executive Deepinder Goyal had stated last month said the company was on course to go public by mid next year.