Sameer Maheshwary set to join Zomato as Chief Financial Officer


Restaurant discovery and food delivery firm Zomato has appointed former General Electric executive Sameer Maheshwary as its Chief Financial Officer. Sameer’s appointment at Zomato will be effective July after his latest stint at GE serving as the CFO for its South Asia business.

“As we expand the canvas of our offerings, it is time for us to bring on stronger leaders at the helm of things. Sameer is an industry veteran, and has a core finance background supplemented with business leadership roles. We’re excited to leverage his knowledge and depth of experience and are excited to build further with him” said, Deepinder Goyal, Founder and CEO, Zomato in a statement.

Zomato, which saw its co-founder Pankaj Chaddah quit the firm in March has seen a slew of top level management changes over the last 2 quarters. The firm is looking to strengthen its core teams and leadership to accelerate the growth of its business.

Zomato’s beefing up of its leadership team follows similar appointments made by Bengaluru-based rival, Swiggy which has been expanding its top management team for its New supply business.

“I am really excited to join Zomato and work with this talented team. Zomato is redefining the industry and I am looking forward to be part of this journey” said Sameer Maheshwary.

Prior to GE, Maheshwary worked with SBI Card – a joint venture between State Bank of India and GE Capital and also served as Senior Vice President at GE Capital India earlier.

Over the last two years, Zomato has witnessed a spate of senior and mid-management exits including that of Deepak Gulati who resigned as COO within six months of joining and Samir Kuckreja who was brought in to scale the cloud-based point-of-sale system Zomato Base, both of which ET reported.

Various key shifts in management roles and mandates to spur growth across various business lines come on the back of the Info Edge backed firm’s completion of a $200 million fund raise from Ant Financial, the payments affiliate of Chinese e-commerce giant Alibaba, in a deal that valued Zomato at $1.1 billion in February.

ET reported on Wednesday, that Japanese investment giant Softbank had held exploratory talks with Zomato for a possible investment, six months after it held similar talks with rival Swiggy.