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Home Gadgets Zomato’s deputy CFO Nitin Savara quits

Zomato’s deputy CFO Nitin Savara quits


Nitin Savara, ’s deputy chief monetary officer ( CFO), has resigned, the corporate stated on Wednesday in a disclosure to inventory exchanges.

Savara joined Zomato in November final 12 months from Ernst & Younger, a multinational skilled companies agency, the place he was a accomplice. Throughout his stint at Zomato, Savara performed
an important role in the acquisition of quick commerce startup Blinkit for Rs 4,447 crore.

Within the disclosure, the corporate stated that Savara was not designated as key managerial personnel.

Savara is exiting Zomato to start out his personal enterprise.

“Nitin Savara loves Zomato, and as a lot as I and Akshant (Goyal – CFO), tried to retain him with us for the previous couple of weeks it didn’t work as a result of Nitin may be very enthusiastic about what he desires to construct and there’s nobody stopping him:).. Additionally, I’m the final particular person to cease anybody from beginning up on their very own. We’d like extra entrepreneurs in our nation, not much less,” CEO Deepdiner Goyal introduced to his workers on the corporate’s Slack channel, a screenshot of which was posted within the disclosure.

Zomato stated that the disclosure wouldn’t qualify as ‘materials data,’ and the corporate was making it voluntarily.

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Additionally learn:
No plan to rebrand Zomato app to Eternal: Deepinder Goyal

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