Apr 26, 04:30 AM

Deepinder Goyal Returns as Zomato CEO Amid Crisis; Indian D2C Funding Falls 18%, Amazon Invests ₹350 Cr, Peak XV Eyes $1.4 B Fund

Zomato's food delivery CEO has stepped aside, with founder Deepinder Goyal resuming leadership of the platform. This change comes amid internal allegations of a crisis within the company, including claims that employees were pressured to order exclusively from Zomato and banned from using competitors like Swiggy and Zepto. Goyal has strongly denied these accusations, calling them "utter nonsense" and dismissing speculation that Zomato is losing market share or exerting undue pressure on staff. Meanwhile, the broader tech and startup ecosystem in India is witnessing notable developments: direct-to-consumer (D2C) startup funding fell 18% in 2024 to $757 million, Amazon invested ₹350 crore into its India payments arm, and Peak XV Partners is reportedly targeting up to $1.4 billion for its maiden independent fund. Additionally, Meesho has reached a $6.2 billion gross merchandise value run rate, and Google reports that 30% of its new code is now AI-generated. These updates highlight ongoing shifts in leadership and funding within the Indian tech landscape.

#Zomato #Deepinder Goyal #Swiggy #Zepto #Goyal #India #Amazon #Peak XV Partners #Meesho #Google #Indian

Written with ChatGPT (GPT-4).

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