Zomato product chief Namita Gupta quits in less than a year1 min read . Updated: 17 Jul 2015, 11:20 PM IST
Zomato recently announced a restructuring of its top management, with Surobhi Das being named COO; Pankaj Chaddah now heads the new business team
New Delhi: Restaurant search website Zomato said its chief product officer Namita Gupta, who was hired less than a year ago from US-based Facebook Inc., has left the company. Zomato did not elaborate why Gupta left. Mint couldn’t reach her for comment immediately.
Zomato, backed by Info Edge (India) Ltd, Vy Capital and Sequoia Capital, recently announced a restructuring of its top management, with Surobhi Das being named chief operating officer (COO). Pankaj Chaddah, the former COO, now heads the new businesses team.
Mint reported on 10 July that Gupta was leaving and that Zomato co-founder and chief executive officer Deepinder Goyal may take up her role.
Gupta is one of several senior technology executives hired over the past year by Indian e-commerce firms from the US. India’s Internet businesses, such as Zomato, Flipkart and Snapdeal are paying top salaries to recruit product experts from the US as they try to catch up with international rivals in offering quality products and strong technology infrastructure.
Analysts said it’s not clear whether this expensive strategy will work, given that Indians shop primarily on mobile phones unlike the desktop platforms that US product managers are used to building and the work culture is different in India, Mint reported on 15 July.
Mint reported on 10 July that Zomato was in early talks to raise a fresh round of funding. The company has already raised more than $110 million over the past nine months.
The Gurgaon-based firm has been on an acquisition spree, buying as many as eight companies over the past nine months to expand its international presence. In January, the company, in one of the biggest overseas deals by an Indian start-up, acquired larger rival Urbanspoon, the Seattle-based bar and restaurant guide, for about $50 million.
Zomato also faces competition from younger start-ups. The company had overlooked the food-ordering opportunity in India, losing a significant chunk of the market to competitors such as Foodpanda, TinyOwl and Swiggy before making a late entry into the business. It started food deliveries earlier this year.