Zomato Media Pvt. Ltd has lost its chief financial officer (CFO) Sameer Maheshwary five months after he joined the online restaurant discovery and food delivery startup.
A Zomato spokesperson has confirmed the development to TechCircle.
“We confirm that Sameer is moving on from Zomato. Sameer has hired a great finance team, which is very excited about the work they are doing. Gaurav Gupta (chief operating officer at Zomato) will lead the finance team in the interim, until we complete the search for a new CFO,” said the company spokesperson in an email.
Maheshwary said in a statement, “My short time at Zomato has been extremely memorable and fulfilling. The growth has been exhilarating – Zomato has already grown two times within the last six months…” He said he is “moving on to pursue different personal and professional interests.”
The Economic Times was the first to report on his exit.
Maheshwary had been with GE since 1999 and has held various finance and business roles in the US, Japan and India. He was also the co-chief executive of SBI Card, a joint venture between State Bank of India and GE Capital.
Before that, he was a senior vice-president at GE Capital India, where he worked on business development and was the business leader for automobile leasing and commercial distribution finance.
Deepinder Goyal, co-founder and chief executive of Zomato, said in a statement, “In a short period of time, Sameer (Maheshwary) has been transformative for Zomato, has built a great team, and a lot of long-term capabilities into the system.”
Zomato has seen a number of changes in its senior management this year.
On Tuesday, TechCircle reported that Zomato has appointed Durga Raghunath, currently chief executive officer at Indian Express Digital Media Services, as senior vice-president of growth. Raghunath will join Zomato on 21 December 2018, the company said in a statement.
In July, Zomato appointed Mohit Gupta as the chief executive officer of its food delivery business. In June, Mukund Kulashekaran quit as the chief business officer after a three-year stint. Co-founder Pankaj Chaddah left in March after a decade. In January, the company named global advertising sales head Gaurav Gupta as its chief operating officer to replace Chaddah.
Zomato was founded in 2008 by Indian Institute of Technology-Delhi graduates Goyal and Chaddah, who were both executives at management consultancy firm Bain & Company.