Scribd Logo
Upload

Welcome to Scribd!

  • News 2

    Uploaded by

    KANHA SHARMA MBA Kolkata 2022-24
    15 views1 page
    Zomato is transitioning to a multiple-CEO structure to better manage its growing business which now includes four companies - Zomato, Blinkit, Hyperpure, and Feeding India. The companies will now be organized under a larger parent organization called Eternal. This change is meant to bring better administration and a more structured approach to tackle issues, as Zomato's stock price has dropped more than 60% since its IPO due to concerns about valuation and growth.

    Original Description:

    Original Title

    NEWS 2

    Copyright

    © © All Rights Reserved

    Available Formats

    TXT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Zomato is transitioning to a multiple-CEO structure to better manage its growing business which now includes four companies - Zomato, Blinkit, Hyperpure, and Feeding India. The companies will now be organized under a larger parent organization called Eternal. This change is meant to bring better administration and a more structured approach to tackle issues, as Zomato's stock price has dropped more than 60% since its IPO due to concerns about valuation and growth.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as txt, pdf, or txt
    15 views1 page

    News 2

    Uploaded by

    KANHA SHARMA MBA Kolkata 2022-24
    Zomato is transitioning to a multiple-CEO structure to better manage its growing business which now includes four companies - Zomato, Blinkit, Hyperpure, and Feeding India. The companies will now be organized under a larger parent organization called Eternal. This change is meant to bring better administration and a more structured approach to tackle issues, as Zomato's stock price has dropped more than 60% since its IPO due to concerns about valuation and growth.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as txt, pdf, or txt
    of 1

    Zomato's growing appetite: Moves to multiple-CEO structure for biz

    Why/How? - the company is at a stage where it has matured from running a single
    business to running multiple and large companies. Zomato currently has four
    companies — Zomato, Blinkit, Hyperpure, and Feeding India. Starting Monday (August
    1), the company will call the larger organisation Eternal. The company made a
    stellar debut on July 23, 2021 on the Mumbai stock market, but its shares have lost
    more than 60% of their value since then on concerns about valuations and growth
    amid turmoil among global growth stocks. So, this move could bring out better
    administrative plans as well as a structured approach to the problems faced.

    You might also like