Zomato Founder News

Zomato just reported its first-ever profitable quarter making a huge recovery in its profit margins in the last year. Its total losses last year were to the tune of 185 crores. This unbelievable rebound garnered attention from Union Minister Rajeev Chandrashekhar who took to Twitter to congratulate the founder Deepinder Goyal. Although the profit made by the food delivery app is a measly 2 crore rupees. The news sent Zomato stock soaring its stock registered more than 20% in gains in last two days. These two events were enough to trigger a meme fest on Twitter now known as X. And some of these are hilarious. Watch.

An entrepreneur who uses the food delivery service Zomato recently published his experience on LinkedIn about how a delivery guy has disclosed a strategy to cheat and operate a scam that is causing Zomato to suffer significant financial losses. The scam is causing Zomato to lose a significant amount of money. Vinay Sati, in a post on LinkedIn, wrote that he got ‘goosebumps’ hearing the scam that is happening at Zomato. Zomato founder and CEO Deepinder Goyal in a reply to the man's post wrote on the post, ‘Aware of this. Working to plug the loopholes’. Let us go into the specifics of how exactly this scam operates, as well as how Zomato is attempting to combat it.

Food aggregator Zomato co-founder Mohit Gupta has quit the company after four and half year stint, marking this as the third high-profile exit from the company. Earlier this week, Zomato's new initiatives head and former food delivery chief Rahul Ganjoo had resigned , while Siddharth Jhawar, the head of its Intercity Legends service also announced his exit from the compnay a week back. Mohit Gupta had joined Zomato four-and-a-half year back, was elevated to co-founder in 2020 from the position of CEO of its food delivery business. In this video, we will understand what made Zomato cofounder Mohit Gupta resign from the company. #zomato #mohitgupta #zomatocofounderresigns #mint Subscribe Now For Latest Updates- https://tinyurl.com/lbw8nze

Pankaj Chaddah will take a few months' break and start something new, but will continue to serve on the Zomato board, says co-founder Deepinder Goyal

The Runnr acquisition will help Zomato to significantly shore up its food delivery business, amid intense competition from rivals such as Swiggy