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Rakesh Ranjan, the chief executive of food delivery at Eternal—Zomato’s parent entity—is stepping down, people aware of the development told ET.
Ranjan, who was elevated to the role in May 2023, is exiting at a time when the company is witnessing a dip in its market share in the food delivery business—its largest revenue and profit driver.
“There’s an internal reshuffle underway, and as part of that, Rakesh is stepping down from his position as food delivery CEO. Deepinder (Goyal) will take over operations until a permanent replacement is…
