<p>Rohit Chadda, co-founder of online food ordering and delivery firm Foodpanda India, has stepped down as Managing Director of the company and has also resigned form its board.<br><br>"I have personally decided to step aside from my role as Managing Director of the company to pursue new initiatives. I have resigned from the position from August 1," Foodpanda India co-founder Rohit Chadda told PTI.<br><br>Foodpanda India was co-founded by Chadda, Amit Kohli and Akhilesh Bali in 2012 and currently has around 12,000 restaurant partners in over 200 cities in the country.<br><br>"I have also resigned from the board, however, I will continue as a shareholder in the company but will not be involved in its day-to-day operations," he added.<br><br>Asked about the new initiatives that he will pursue, Chadda said: "It will be to pursue new challenges, new opportunities. The opportunity on mobile space is huge and that is what I am after."<br><br>He, however, did not give the details about the field he would be pursuing.<br><br>Foodpanda had appointed Saurabh Kochhar as its India CEO and chief business officer of global operations in March this year. Foodpanda India is owned by Foodpanda group.<br><br>The Foodpanda group is active in over 40 countries across five continents. It started as independent startups in multiple countries across South & East Asia, incubated by the same investor - Rocket Internet.<br><br>The Foodpanda group has raised over USD 300 million in multiple rounds of funding with the last one being of USD 100 million, led by Goldman Sachs.<br><br>(PTI)</p>
