Zomato co-founder Pankaj Chaddah quits

Zomato co-founder Pankaj Chaddah on Thursday announced that he was quitting the Indian restaurant search company. Chaddah said on Twitter that he would “play an active role” in the firm till the end of March.

Chaddah told employees in a letter that he will take a break for a few months and then try to start a new venture. Deepinder Goyal, Zomato’s



other founder, said in a blog post that Chaddah would continue to remain on the company’s board of directors.

Chaddah quit on the day the food delivery firm raised $150 million (around Rs 977 crore) from Alibaba’s financial service arm Ant Financial Services Group. He will retain his stake in Zomato, which stands at 3.11%, or about Rs 237 crore.