Zomato's Deputy CFO Nitin Savara resigns

Food delivery platform Zomato in a disclosure to BSE filings shared that its deputy chief financial officer Nitin Savara has resigned and is moving to start his own venture.

The development comes a day after Zomato’s first annual general meeting. Zomato, however, in its filing said that Savara was not designated as key managerial personnel.

Savara has resigned as he is planning to start his own venture.
 

“Nitin Savara loves Zomato, and as much as I and Akshant (Goyal - CFO), tried to retain him with us for the last few weeks it didn’t work because Nitin is very excited about what he wants to build and there’s no one stopping him:),” shared Deepinder Goyal, CEO, Zomato on its Slack channel addressing to the company’s employee.

Goyal also mentioned that he would be the last person to stop anyone from starting up on their own. “We need more entrepreneurs in our country, not less,” he added.

Zomato said that the disclosure would not qualify as ‘material information and the company was making it voluntarily.

Savara joined Zomato in November last year from Ernst & Young, where he was a partner. During his stint at Zomato, Savara played an important role in the acquisition of quick commerce startup Blinkit for Rs 4,447 crore.