Rohit Chadda, MD of FoodPanda, may resign from his post anytime soon, there has been no specific reason recorded yet by the company or the MD.
Rohit Chadda, co-founder of the firm completed his MBA from IIM Calcutta and proposed the idea of FoodPanda in early 2012 and started the firm with his companion Amit Kohli under the funding of Germany based company Rocket Internet, which owns 52% shares of the firm. Amit Kohli later in 2013 left FoodPanda and joined multi-million dollar pharmaceutical firm—Sun Pharmaceuticals led by billionaire Dilip Sanghvi. Till date the food-ordering company has raised a net revenue of $310 million under the supervision of Rohit Chadda.
If rumours are to be believed, Mr.Chadda would resign from his current position and take on a different role. Sourabh Kochar, CEO FoodPanda said,‘’ We still do not have clarity on Rohit’s resignation. We are discussing it internally right now’’.
Year 2014 turned out to be quite beneficial for the firm, as FoodPanda’s app was among the top 14 downloaded apps of the year, on top of that the company won ‘5th CMO Asia Award of branding & marketing’ for ‘Best online Grocery store of the year’ , and Rohit Chadda was named as the ‘professional entrepreneur of 2014’
It was being flashed in the news that on last Friday a raid was conducted on FoodPanda’s Singapore office, but the company clearly denied to this and stated the news a rumour to defame the firm.
FoodPanda has spread its network worldwide in over 40 countries and partnerships with over 58,000 restaurants. In India alone FoodPanda has tied-up across 100+ cities with around 4000 restaurants in the country.
Rohit Chadda started acting as the MD of the company from may 2013 and till date he has almost doubled the business of the company, also FoodPanda acquired two companies in first three months of 2015 and plans no further acquisitions for the year.
Although in March 2015 the firm raised $110 million funding from Rocket Internet, targeting to expand itself to 15,000 restaurants in India, which could be possibly consequences of an announcement made by Zomato.com in February 2015 to launch their food delivery services.
As of now, neither any confirmation has been made by Rahul Chadda’s resignation, nor any specific reason has been stated till date, stay tuned for latest updates over the matter.