Zomato rejigs leadership team, appoints Akshant Goyal as CFO

Zomato rejigs leadership team, appoints Akshant Goyal as CFO
Akshant Goyal, CFO, Zomato
30 Oct, 2020

Gurugram headquartered restaurant aggregator and food delivery services provider Zomato has elevated its corporate development head Akshant Goyal to the position of CFO.

Goyal takes over the position from Akriti Chopra, who will be responsible for people development at the company, a Zomato spokesperson confirmed to TechCircle. 

Chopra in November succeeded Sameer Maheshwary as the CFO, who quit the company after a six-month stint. 

An IIM-Bangalore alumnus, Goyal was an investment banker at Kotak Mahindra Bank before briefly running a fintech startup. He joined Zomato in April 2017.

The foodtech unicorn, which looks to launch an IPO next year, raised $52 million from US firm Kora Investments about a fortnight ago. The infusion is part of a targeted $600 million growth funding round, dubbed a Series J round, that Zomato intends to close before it hits the public market. 

It has raised $268 million in the aforementioned round so far. In January, it received $50 million in the first tranche of the round from Ant Financial. Subsequently, it raised $62 million and $104 million from Singapore state investor Temasek Holdings and Tiger Global Management in the second and third tranches, respectively.

Earlier this month, Zomato founder Deepinder Goyal claimed that food delivery volumes on the platform had returned to pre-Covid peaks in India. He said a number of cities have witnessed over 120% of pre-Covid peaks, and that the food delivery sector is expected to grow at 15-25% month-on-month for the foreseeable future. Zomato has delivered a total of 9.2 crore orders since March 23, 2020, he tweeted.

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