Zomato faces backlash as it retracts a ₹1.6 crore salary job offer at IIT Delhi. Hrithik Talwar, an IIT-Delhi research intern, took to X (formerly Twitter), stating, “Zomato came to the campus, offered 1.6 cr salary, got the hype, and left.” A screenshot revealed the application withdrawal notice, citing company constraints.

Netizens speculated on Zomato’s motives, with some labeling it a ‘Marketing Gimmick’ and others questioning the sustainability of such tactics. Concerns were raised about potential repercussions on Zomato’s relations with academic institutions and the impact on future placements.

As the controversy unfolds, Zomato’s stock performance is tracked, with Chinese payments group Alipay reportedly launching a $400 million accelerated bookbuild to sell its stake in Zomato. The exit comes amidst a trend of Chinese investors reducing stakes in Indian companies.

Zomato’s situation raises broader questions about corporate transparency, ethical hiring practices, and the delicate balance between publicity stunts and potential repercussions on business relationships.

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