Zomato CEO Rakesh Ranjan steps down as CEO, Deepinder Goyal to lead ops
As per media reports, the movements are part of a leadership reshuffle
On The Move
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Zomato CEO Rakesh Ranjan has stepped down as the CEO, according to media reports.
Deepinder Goyal will reportedly lead the operations.
This is said to be part of a leadership reshuffle.
Earlier this month, Zomato COO Rinshul Chandra also stepped down to pursue new opportunities.
Zomato reported a 39 per cent rise in advertising spends to Rs 521 crore in Q3 of FY25, up from Rs 374 crore in the same period last year. On a quarterly basis, the food delivery platform’s ad spending increased 19% from Rs 421 crore in the September quarter.
The company’s ad spends for this fiscal stands at Rs 1,338 crore, compared to Rs 1,043 crore in FY24.
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