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Resurfacing an early-November move: Chandan Rungta exited Zepto’s Relish as Vinay Dhanani took oversight
Our read
Zepto consolidates Relish, Café and private labels to build a higher-margin food ecosystem, but the meat business faces a near-term profitability test after its CEO exit.
For operators
Vinay Dhanani’s expanded remit centralises Relish, Zepto Café and private labels, raising the priority on shared supply chains, assortment discipline and execution toward Relish’s ₹500 crore annualised revenue target.
Watch
Whether Zepto names a dedicated Relish successor within the next quarter.
The report
Zepto’s Relish meat-business CEO Chandan Rungta left amid wider senior exits. President Vinay Dhanani will oversee Relish, private labels and Zepto Café. Relish generated ₹50-60 crore monthly revenue in September and targets over ₹500 crore annualised revenue by year-end.
Who and when
From the report. Source details below
| Relish monthly revenue: | ₹50-60 crore in September 2025 |
|---|---|
| Zepto October 2025 funding: | approximately $450 million (around ₹4,000 crore) |
| Zepto valuation: | $7 billion, versus $5 billion previous year |
| Total capital raised: | close to $3 billion |
| Capital raised in past 18 months: | nearly $2 billion |
Why the change matters
A single executive overseeing Relish, Café and private labels could make Zepto a more decisive partner or acquirer in food brands, sourcing, cold-chain and ready-to-eat capabilities.
What to watch next
- Reported expansion of Relish into additional cities, dark stores or new meat and ready-to-cook categories.
- Evidence of Relish products appearing in Zepto Café bundles, meal solutions or private-label promotional campaigns.
- Changes in assortment breadth, discount intensity, delivery promises and cold-chain investments.
- Management commentary on Relish annualised revenue, contribution margin, repeat rates, wastage or private-label share.
- Further senior executive exits or restructuring across Zepto’s food, café and private-label teams.
Likely next moves
Our read of what comes next — analysis, not reported by the source.
- Appoint a Relish business head or operating leader reporting to Vinay Dhanani, while retaining centralized category strategy.
- Bundle Relish meat and ready-to-cook products with Zepto Café meals and high-frequency grocery baskets to increase order value and repeat purchase.
- Expand private-label penetration in high-margin adjacent categories such as marinades, frozen snacks, ready-to-cook meals and pet food.
- Rationalize low-velocity SKUs and city-level coverage to reduce perishability losses and improve dark-store cold-chain utilization.
- Use targeted pricing, subscription-style replenishment offers and loyalty promotions to build recurring meat-category demand.
The counter-case
The case against this reading — not reported by the source.
The move may reflect pressure rather than strategic simplification: placing Relish, Zepto Café and private labels under one president could signal that the businesses have not yet earned standalone leadership or are struggling to meet growth, quality and unit-economics targets. A ₹500 crore annualised revenue ambition for meat is a run-rate target, not evidence of sustainable profitability, repeat demand or operational scalability in a cold-chain-intensive category.
The source
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