Zomato’s VP Of Global Growth Siddharth Jhawar Steps Down

Foodtech giant Zomato’s vice-president of global growth, Siddharth Jhawar has quit the company. Jhawar shared this in a LinkedIn post yesterday. 

Jhawar, who joined Zomato in April 2021, has worked in the startup for a little less than two years now, as per his LinkedIn profile. 

Inc42 reached out to Zomato regarding the latest development. The report will be updated with the company’s responses. 

In the social media post, Jhawar said, “A few days back, I bid goodbye to Zomato. It’s time for a new adventure.” 

He further said that during his tenure at Zomato, he learned various lessons such as proritising, persistently evaluating impact, performing deep work and becoming tough. His education background tells that he is a qualified CFA,  an MBA graduate from Harvard University, and a BTech graduate from IIT Delhi. 

Reportedly, Blinkit’s director Kamayani Sadhwani will be taking over Jhawar’s responsibilities. Meanwhile, Jhawar will join the US-based edtech startup Moloco. 

Sadhwani has previously worked with various companies including McKinsey, Coca Cola, Bain & Company and Accenture. She graduated from the Indian School of Business, Hyderabad, as per her LinkedIn profile.

The development came at a time when the foodtech giant has reportedly introduced the Zomato Pay program in fewer Indian cities including Delhi, Mumbai, Bengaluru, Ahmedabad, and Kolkata. The program will help partner restaurants promote themselves on the app. 

It will further allow online users to make direct payments to partner restaurants and also avail discounts as well as cashback offers.

Besides, the foodtech giant is currently being probed by the regulatory body CCI for deep discounting and competitive pricing via its loyalty programs.

In September, the restaurant body National Restaurant Association of India’s (NRAI) asked Swiggy and Zomato’s partner restaurants to list down from their dining apps as the two startups can adversely impact the Indian restaurant industry eventually. 

During the same month, the foodtech unicorn introduced a pilot initiative by offering INR 3 Lakh worth health cover to delivery executives that will be extended to their family members. To avail this, a delivery executive needs to work in the startup for a period of 2-3 years.

In another instance, in August, Fidelity International bought a 5% stake in Zomato whilst Sequoia Capital offloaded more than 171 Mn shares (about 2.01%) of the food delivery startup in the stock market.