Within eight months of joining Zomato’s cloud based point-of-sale system, Zomato Base, its President Samir Kuckreja has stepped down from his post.
The news was first reported by The Economics Times.
Samir’s exit comes after a month of Deepak Gulati’s resignation, who was working as the Chief Operating Office of online restaurant discovering and food ordering app Zomato. Kuckreja joined the firm in February, 2017 to head its PoS Business and was planning to scale up the business in the long term. Kuckreja, while confirming the development said it was a change in Zomato’s plan regarding its long-term strategy for Zomato Base which was one of the key reasons for his exit.
“The original idea was that Zomato Base would become one of the key verticals which would drive revenues in 2-3 years. That was the roadmap. But they recently decided that they didn’t want to grow this vertical on the scale that we had talked about, in the broader scheme of their plans,” said Kuckreja.
As visible on his LinkedIn Profile, Kuckreja has rejoined Tasanaya Hospitality as its CEO, a consulting firm servicing international and domestic restaurant chains; founded by him.
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Launched in April 2016, Zomato Base is a PoS system that offers restaurants features like planning the menu, recipe, inventory management, a built-in payment solution that accepts debit and credit card payments, CRM and real time analytics.
“We continue to be bullish on the PoS business. Zomato Base was, since the time of its launch, and continues to be, a long-term play for us. It is true, Kuckreja has moved on from Zomato. He will continue to be a friend and advisor to both Deepinder and Zomato,” said a Zomato spokesperson.
Zomato has recently seen more than half a dozen C-Suite execs leaving the company in quite a short time of joining.
In September 2015, Durga Raghunath who worked as VP for growth had quit barely after five months of joining. Even Namita Gupta, a former Facebook exec, who joined as CPO of Zomato in June 2015 had stepped down after 11 months.