Zomato’s food delivery division is undergoing a significant leadership transition as Rakesh Ranjan, the Chief Executive Officer of the segment, has stepped down from his role. The move comes as part of an internal restructuring within Eternal, Zomato’s parent company.
Founder and Group CEO Deepinder Goyal will temporarily oversee the food delivery vertical until a permanent replacement is appointed. Sources familiar with the development indicate that internal and external candidates are being considered for the role, with an official announcement expected in the coming months.
Ranjan, who was elevated to the CEO position in May 2023, played a crucial role in Zomato’s expansion and innovation within the food delivery space. His tenure saw the introduction of rapid food delivery options and strategic adjustments to counter competition from rivals like Swiggy. However, the industry has faced headwinds, with analysts flagging concerns over slowing growth and shifting market dynamics.
Despite the leadership change, Zomato remains committed to strengthening its food delivery operations, with Goyal emphasizing the need to address systemic challenges in the business. The company has also been exploring new strategies, including integrating Blinkit’s quick commerce model into its core food delivery platform.
As the transition unfolds, industry experts will be closely watching Zomato’s next steps in navigating the evolving food delivery landscape.
Stay tuned for more updates on business and corporate developments.
