Ahead of $1.1-billion IPO, Zomato elevates former CFO Akriti Chopra as co-founder & chief people officer

Small merchants app BharatPe buys loyalty platform Payback from AmEx, ICICI Investments Strategic Fund

The deal will also allow BharatPe to foray into the business-to-consumer side and is “in line with BharatPe’s strategy to build a robust and engaged network of over 20 million small merchants by 2023,” the company said.

According to her LinkedIn profile, Chopra has been working with Zomato for close to 10 years and has served as the CFO from April 2019 to October 2020. Akshant Goyal took over the role of the new CFO starting November 2020.

In late April, Zomato filed the draft red herring prospectus with capital markets regulator Securities and Exchange Board of India (Sebi).

Zomato has elevated former chief financial officer (CFO) Akriti Chopra to the position of co-founder in the run up to its $1.1-billion initial public offering (IPO), founder & CEO Deepinder Goyal informed employees on Wednesday. FE has reviewed a copy of the email.

According to her LinkedIn profile, Chopra has been working with Zomato for close to 10 years and has served as the CFO from April 2019 to October 2020. Akshant Goyal took over the role of the new CFO starting November 2020.

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Chopra has also been appointed as the new chief people officer.

“She’s mostly been behind the scenes all these years, working hard and building an impeccable finance team which keeps our engines running flawlessly. The quality of her work, her work ethic, and the insane ownership of the team she’s built, all shone very brightly (and continues to) over the last few months as we prepared ourselves for our IPO,” Goyal said in the mail. “…and now in her new role as our chief people officer, she is trying to instil her values in all of us. We would all do well to learn from her, and be like her,” Goyal added.

Hedging your bets: How globalisation can enable manufacturers to grow sustainably amid Covid

Companies that were able to conduct business globally, saw more revenue come in from overseas markets than India and thus experienced significantly lower disruptions in the revenues.

In late April, Zomato filed the draft red herring prospectus with capital markets regulator Securities and Exchange Board of India (Sebi). The company’s IPO includes a fresh issue worth Rs 7,500 crore and a Rs 750-crore offer for sale by existing shareholder Info Edge.

Currently valued at $5.4 billion, the Gurgaon-based food-tech start-up that garnered a significant $910 million from investors through 2020 and early 2021, helped by a growing food delivery market, is one among a slew of internet firms gearing up to go public.


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Flipkart IPO has no specific timeline, says Walmart; grocery, wholesale businesses serving SMEs key areas

“There are local closures in place at the moment (in India), but that will have a short-term impact (on the business),” said Walmart International President and CEO Judith McKenna.