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Zomato’s finance head Hemal Jain resigns

Hemal Jain, Zomato’s head of business finance, has resigned after six years with the company.

Jain submitted her resignation on December 16, 2024, and is set to officially leave her position on January 31, 2025.

She joined Zomato in 2018, previously working at Unilever.

Jain progressed to lead the business finance department while also serving as Chief Financial Officer (CFO) for the B2B vertical, Hyperpure.

In her resignation letter, Jain expressed her intent to “explore a different path.”

Recent Zomato developments

Timeline
13-Dec-2024 💸 Zomato disputes $94.8m tax bill
  • Zomato ordered to pay 8.04B rupees in taxes
  • Company plans to contest the tax order legally
29-Nov-2024 💰 Zomato secures $1b in first fundraise since 2021
  • Zomato raises $1B through qualified institutional placement
  • Foreign ownership falls below 50%, reclassifying company
21-Nov-2024 💼 Zomato faces backlash over job ad that requires a fee
  • Job ad for Zomato chief of staff posted
  • 2M rupee fee for applicants, future salary promised
12-Nov-2024 📦 Zomato, Swiggy deny competition law breach amid probe
  • Zomato, Swiggy assert compliance with laws
  • Investigations on restaurant listings, pricing ongoing
11-Nov-2024 📉 Zomato, Swiggy violate Indian competition laws

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