Zomato’s global head of finance and chief financial officer of Hyperpure, Hemal Jain has stepped down from her position. As per a regulatory filing, she tendered her resignation on December 16 to explore other opportunities. Her last working day will be on January 31, 2025.
In early September, co-founder and chief people officer of Zomato, Akriti Chopra too stepped down after a 13 year long stint.
In Jain’s past role, she led business finance (category finance, sales finance, supply chain finance), FP&A, central procurement, finance operations and business control & processes – for all the Zomato & Blinkit businesses along with the team of 130+ team members.
She handled the responsibilities for overall P&L management, revenue optimization, business strategy, performance management, finance operations, process controls & audit, fraud prevention & detection, and operational efficiency.
She spearheaded various initiatives focused on cost optimisation and profitability enhancement. She built a comprehensive and real-time Management Information System (MIS) for all businesses, facilitating quick decision-making and corrective actions. This included the establishment of daily city-wise protability analysis, store-wise P&L, customer level analysis, SKU wise/vendor wise insights etc.
She contributed to making Zomato IPO ready, playing a vital role in the core team for IPO preparation, documentation, and eventual listing. She also led finance for largest acquisition of Zomato – ‘Blinkit’ and its transition process.
Jain also implemented new platforms for overall finance operation automation, controls, efficiency, and transparency, including FP&A and P2P systems.
She began her career at Hindustan Unilever and was elevated to director – Center of Excellence and Operations CD (Sales), India and South Asia. Then, she joined a startup venture as co-founder, CFO and COO.
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