Hemal Jain, Zomato’s Global Head of Finance and Chief Financial Officer of Hyperpure, has resigned from the company, marking the second major resignation for the foodtech firm in the final quarter of calendar year 2024.
In a stock exchange filing on Monday, Zomato announced that Jain will be exploring other opportunities, with her last working day scheduled for January 31, 2025.
As per her LinkedIn profile, Jain led business finance, FP&A, central procurement, and finance operations across Zomato and Blinkit businesses. She spent over six years at the Deepinder Goyal-led company.
While the exact reason for Jain’s resignation remains unclear, the development follows Zomato receiving a demand notice of Rs 803 crore (approximately $100 million) from the GST department.
Entrackr has reached out to Zomato for more information. We’ll update the story if they respond.
Earlier in September, Zomato’s co-founder and Chief People Officer, Akriti Chopra, resigned after a 13-year tenure at the firm.
For Q2 FY25, Zomato reported a 68.5% YoY growth in operating revenue to Rs 4,799 crore from Rs 2,848 crore in Q2 FY24. During Q2, Hyperpure’s revenue surged by 97% to Rs 1,473 crore, while Zomato recorded a 4.8X increase in net profit to Rs 176 crore.
Recently, Zomato also raised Rs 8,500 crore through a Qualified Institutions Placement (QIP) of equity shares.
Source: Entrackr : Latest Posts