Zomato co-founder Akriti Chopra resigns after 13 Year-long stint

Zomato’s co-founder, Akriti Chopra, has officially stepped down after more than 13 years with the company. The food delivery service has confirmed her resignation.

Food delivery firm Zomato has informed that its co-founder Akriti Chopra has resigned from the company.

“Pursuant to Regulation 30 of SEBI Listing Regulations, we would like to inform that Ms. Akriti Chopra, CoFounder & Chief People Officer designated as Senior Management Personnel (“SMP”), has tendered her resignation w.e.f. September 27, 2024,” informs the firm.

Akriti Chopra began her journey with Zomato in November 2011, taking on the position of senior manager in finance and operations.

She had an eventful stint with the firm. As she advanced within the company, she held significant positions, ultimately becoming the vice president of finance & operations and later the CFO.

“It’s been an incredibly enriching journey over the past 13 years. Thank you for everything. I’m always a call away:),” reportedly says the mail was sent by her to the management.

According to Zomato, Akriti Chopra has stepped down to explore opportunities beyond the company. However, the last few years have seen significant resignations by the company’s top executives.

In January of the previous year, Gunjan Patidar, a co-founder and the chief technology officer of Zomato, stepped down after more than ten years with the company. Additionally, in November 2022, co-founder Mohit Gupta also resigned.

Zomato’s stock has surged an impressive 369 percent in the past two years, with nearly 200 percent of that growth happening in just the last year. Since April of the previous year, the online food delivery platform has enjoyed a steady monthly increase in its stock price, with May 2024 being the only month to disrupt this positive trajectory.

She subsequently took on the role of Chief Financial Officer for the company, a position that was transferred to Akshant Goyal in 2020. Most recently, she served as the Chief People Officer.

India’s groundbreaking food tech unicorn Zomato, like many startups, has experienced significant highs and lows throughout its journey. It has celebrated remarkable achievements and milestones, but it has also faced challenging periods that raised doubts about the company’s survival.