wordpress blog stats
Connect with us

Hi, what are you looking for?

Zomato’s chief product officer Tanmay Saksena quits the company

tanmay saksena

Tanmay Saksena, chief product officer of Zomato has quit the company, reports Mint. Zomato confirmed the development to MediaNama and issued a statement, “Tanmay headed our online ordering until the end of October 2015. Since then, Zomato’s co-founder Pankaj Chaddah has been running the online ordering business. Under Pankaj, we have seen the number of orders per day quadruple over the last three months. Tanmay was one of our best people, and we are sad to see him go. We wish him luck for all his future endeavours.”

It is unclear where Saksena is joining next. Saksena worked on Zomato’s online ordering for about a month (before managing CPO duties), as Mint indicated, before which he worked at Disney as the the VP of studio operations for 2 years and executive producer for about a year. He was also the director of operations at Playdom for about 2 years and a product manager at Trippert for a short time, both of which were acquired by Disney and Playdom respectively. He also worked at Jambool and Unilever.

Hitting profitability
Yesterday, the company announced that it is now profitable in its high priority markets: India, Philippines, Indonesia and UAE, Lebanon and Qatar in the Middle East. In a press statement, Deepinder Goyal, founder & CEO of Zomato, said, “.. We have more than doubled our revenue year-on-year for the last few years, and we are going to post some great growth numbers this year as well.”

Zomato’s focus on streamlining its business is showing through multiple measures it took last year and this year:

– Last month, it shut down online ordering operations in 4 cities; Lucknow, Indore, Cochin and Coimbatore citing that the market size in these cities accounted for less than 2% of its order volumes. Then, it claimed that its online order volume continues to grow by 40% month on month in the rest of the cities.

– In October, the 8 year old company laid off around 300 employees, about 10% of its 3,000 strong workforce, mostly from the US content teams who collected data from restaurants.

– In 2015, its management bandwidth was fairly stretched since it also had issues retaining senior leadership (read this, this and this).

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

Truecaller has appointed a new chief financial officer, Odd Bolin, to prepare the company for an initial public offering (IPO). The Sweden-headquartered caller identification...

News

Google Cloud has elevated Karan Bajwa — who currently heads its business in India — to lead operations in the Asia Pacific region, the...

News

Zomato clocked in 60% and 35% higher gross merchandise value (GMV) on New Year’s Eve and Christmas in 2020 respectively, compared to the previous...

News

Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ