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Reuters

India’s Zomato plans new management structure, with multiple CEOs -memo

Zomato, the Indian food delivery company backed by China’s Ant Group, is considering reorganising its management so that each of its individual businesses would have its own CEO, while the parent company would be renamed “Eternal”, an internal company memo seen by Reuters said. Zomato’s CEO Deepinder Goyal in the memo stated that the company was now not only running the Zomato food delivery business but also other large businesses. Goyal said these included Zomato’s proposed purchase of grocery-delivery startup Blinkit, kitchen and food ingredients supply business Hyperpure, and Feeding India, a not-for-profit firm that aims to reduce hunger in India’s poor communities.