18 September 2017, India:
Just after six months of joining, President and Chief Operating Officer Deepak Gulati has quit Zomato as per the report by ET. Deepak Gulati is a former CEO of Tata Docomo who joined Zomato as its President and COO earlier this year. Prior to that, he worked at Tata Teleservices for five years as the Executive President. He also led the group’s foray into GSM with Tata Docomo and launched the Tata Docomo brand.
Also read- Zomato to Become a Unicorn Soon; Fundraising Talks With Alibaba & Alipay
Foodtech startup Zomato, last week announced the acquisition of hyperlocal delivery startup Runnr to strengthen its delivery business and compete with Swiggy. The amount of the deal was undisclosed. Meanwhile, Nomura Financial Advisory and Securities (India) Pvt. Ltd has valued Zomato at $1.4 billion. Zomato’s valuation uptick by Nomura comes at a time when the company is in advanced talks to raise up to $200 million from Chinese e-commerce giant Alibaba and its payment affiliate Ant Financial.
From Vancouver to Auckland, Zomato is used by millions every day to decide where to eat in over 10,000 cities across 24 countries. Zomato gathers information from every restaurant on a regular basis to ensure the data is fresh and updated. The community of food lovers share their reviews and photos, so we have all that we need to make an informed choice. (Image- Zomato)
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