Gurgaon-headquartered food discovery and delivery player Zomato has appointed Sameer Maheshwary as its Chief Financial Officer. Sameer will be joining Zomato in July, from GE, where he is currently the CFO for South Asia.
Sameer Maheshwary has been working with GE since 1999 and has held various finance and business roles in US, Japan and India. He is currently the CFO for GE South Asia. He was the co-CEO of SBI Card, which was a joint venture between State Bank of India and GE Capital. Prior to this he was a Senior Vice President at GE Capital India where he worked on Business Development and was the Business Leader for Auto Lease and Commercial Distribution Finance. Sameer has also done various global finance assignments with GE. An MBA from Manchester Business School UK, Sameer also holds a Bachelor's degree in Engineering from Delhi College of Engineering India.
“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 said in a statement.
As a growing global restaurant discovery, food ordering and table reservations platform, Zomato has been strengthening its core teams and leadership to accelerate the growth of its 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
The company is also focused on experimenting with products that solve for affordability, accessibility, assortment and quality of food for the users, within India as well as globally. These initiatives, the company claims, will not only benefit the users, but are aimed at supporting and growing their partner ecosystem.
Zomato, which is currently expanding its capabilities massively to take on rivals such as Swiggy, in the foodtech space is also reportedly in talks with Softbank for fundraising. SoftBank, which has also held talks with Swiggy, is eyeing the foodtech industry and is looking to invest anywhere between $200 million-$250 million.
Zomato last raised funds in February when Alibaba Group’s Ant Financial invested when $200 million, giving Zomato a unicorn status.