Zomato elevates Akriti Chopra as co-founder. Zomato, an online meal delivery platform, has promoted its Chief People Officer Akriti Chopra to the status of a co-founder. The business expects to raise $1.1 billion in an IPO later this year.
A long-time employee and founder of Zomato (a restaurant recommendation website), Deepinder Goyal, sent an internal email to employees that were published before. Where he said Chopra has been largely “in the background all these years, working hard and building an excellent finance team which keeps our engines running flawlessly.”
Goyal also highlighted the quality of her work, her work ethic. Also, the enthusiastic ownership that she has fostered in the team. So all of which continue to shine brilliantly (and remain clearly shown) through our IPO process.
While the business was finalizing arrangements for its first public offering. Chopra remained the CFO until the end of last year. And so then resigned his role.
Zomato has announced that they have hired Akshant Goyal as their new CFO.
“Acting as a stepping stone for young performers. While at the same time allowing them to thrive is exactly what Akriti accomplished so very effortlessly with Akshant. I have no plans to accomplish this myself, but I want to be able to transfer this on to her with as little effort as she has to expend “He claimed Goyal.
Over a year ago, Zomato promoted Mohit Gupta, the company’s meal delivery service CEO, to the ranks of a co-founder. Previously, Gaurav Gupta, the COO, was named as one of the company founders.
Zomato elevates Akriti Chopra as co-founder
This April, Zomato planned to go public in India by seeking the approval of the Securities and Exchange Board of India (SEBI). Which estimates that the company would raise around Rs 8,250 crore (about $1.1 billion) this year because of the rising interest in the epidemic.
The draft red herring prospectus (DRHP) filed with the market regulator discloses that Zomato plans to raise around Rs 8,250 crore in the capital by selling the company’s equity shares for sale.
For the remaining Rs 750 crore, Rs 7,500 crore is to be raised through additional capital. While the remaining Rs 750 crore is to be issued as an offer for sale to the investors in the current company Info Edge.
Zomato has previously transitioned itself into a public limited company from a private one.
We are expecting to go public with a $750 million $1 billion valuation by the end of the year. Since more and more people are purchasing food online due to the continuing epidemic.
In February, the restaurant review site Zomato secured $250 million (about Rs 1 crore). Which is in a fresh investment round from five separate investors. The transactions that occurred post-money valuing Zomato at $5.4 billion led to the company being valued at $5.4 billion.
Just a couple of months after finishing a $660 million fundraising round, Zomato received a significant amount of fresh cash.