Zomato co-founder Mohit Gupta quits, third high-profile exit in last few weeks


On Thursday, Zomato reported a smaller second-quarter loss, driven via a sustained upward thrust in on-line meals ordering. AFP

New Delhi: On-line meals supply platform Zomato on Friday introduced that its co-founder Mohit Gupta has resigned from his put up. Gupta, who had joined Zomato four-and-a-half years in the past, was once increased to co-founder in 2020 from the location of CEO of its meals supply trade.

In a message despatched to the corporate which was once shared at the BSE via Zomato, Gupta stated, “deciding to move on from Zomato to seek the other unknown adventures that life holds for me.”

Gupta, in his farewell message needed the corporate smartly and stated, “Over the past few years, I have seen Deepi (Deepinder Goyal) become an even more mature and confident leader who is now completely capable of leading the business into a bright future with all of you by his side….I am looking forward to seeing you continuing to build on everything we have learnt over the years. Be relentless, keep learning, and build an organization that is a role model for the rest of the world.”

Zomato stated Gupta was once now not designated as key managerial team of workers underneath the Corporations Act, 2013 and the checklist laws, whilst making the voluntary disclosure of his resignation. An IIM Calcutta alunmus, Gupta labored for 4 years at Zomato after lengthy stints at MakeMyTrip.com and PepsiCo World previous.

That is the third high-profile exit from Zomato in contemporary days. The primary key participant to transport out was once Rahul Ganjoo—Head of New Tasks at Zomato. He resigned from the corporate after a five-year tenure with the web meals ship platform.

The second one individual to transport out was once Zomato’s vp for international expansion, Siddharth Jhawar with Mohit Gupta being the third.

On Thursday, Zomato reported a smaller second-quarter loss, driven via a sustained upward thrust in on-line meals ordering. The consolidated internet loss for the second one quarter ended September 30 was once Rs 2.51 billion, in comparison to Rs 4.30 billion last 12 months, the corporate stated in a regulatory submitting.

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