Deepinder Goyal refutes Reddit’s post about losing market share, forcing employees to order from Zomato
New Delhi, Zomato founder and CEO Deepinder Goyal rejected an anonymous Reddit post claiming to be “off the track” from the company’s renamed Eternal, throwing market share to Zepto Cafe and Swiggy and forcing employees to order from its food delivery platform.
The post also claims that the “toxicity” incorporated into “toxicity” has become “ridiculously inconsistent” and that the only thing that makes the company profit now is platform fees, and the “crisis” exacerbates the “crisis” that exacerbates the “unpaid and overworked” delivery partners.
“All this – reddit.com/r/startupindia’ – is total nonsense. We won’t lose market share, nor force our employees to order Zomato. The choice of choice is strongly represented by us.”
He further said: “It’s embarrassing even to clarify this, but it’s done because many people care about me and thank everyone for their concerns…thanks for it.”
“In a recent internal mess, leadership acknowledged that we lost a lot of market share to Zepto Cafe and Swiggy. Reaction? Panic and ridiculous new rules. One of them: Employees must order at least seven times a month from Zomato, and yes, they will follow in competitors.”
It claimed that on Monday, Zomato’s CEO of food delivery business Rakesh Ranjan was working on a townhouse in Slack, telling everyone to “stay focused” and “get back on track.” By Wednesday, he had been removed from the position.
“You really can’t figure out these things out. There’s no clear direction, just music chair games in leadership, and everyone is not sure what’s going to happen next.”
“The only thing that makes a company profitable is that the platform fees are incredible. Inside, no one seems to care about long-term sustainability, only numbers. One of the biggest crises right now is delivery partners. They are underpaid and overworked. Zomato pays much more than its competitors, and sometimes almost half the worse.
It further claims that Zomato may still look glossy from the outside, but “it is collapsing” inside.
Eternal, formerly Zomato, clarified Thursday that its food delivery CEO Rakesh Ranjan has not resigned and that any restructuring of the company’s leadership team at the company is standard practice, as part of its efforts to optimize organizational efficiency.
The clarification through the regulatory application was introduced to respond to media reports.
“We want to clarify until the date, Rakesh Ranjan did not resign and he continues to be a member of the leadership team. In the Eternal Group, internal internal restructuring of the leadership team is considered part of the company’s ongoing efforts to optimize organizational efficiency,” Eternal said.
Earlier this month, the food and grocery delivery platform was officially renamed “Eternal Ltd” on the stock exchange after approval by the Department of Corporate Affairs.
The company’s food delivery business’s brand name remains the same as the app and the app.
This article was generated from the Automation News Agency feed without the text being modified.
