Meals supply agency Zomato’s co-founder Mohit Gupta resigns

Gurugram-headquartered meals aggregator agency Zomato Ltd mentioned on Friday its co-founder, Mohit Gupta, had resigned after about 5 years on the firm.

Gupta is credited with constructing Zomato’s meals supply operations from scratch and was the section’s chief government earlier than being elevated to co-founder in Could 2020.

“I stay an extended solely investor in Zomato,” mentioned Gupta in his farewell notice. 

“4 and a half years in the past I joined Deepi (Deepinder Goyal) & this band of crazies attempting to construct the perfect meals tech firm within the nation, I dare say the world. On this interval, we introduced our meals supply enterprise again from the brink, survived loopy competitors, the pandemic, and have become a big and worthwhile enterprise (as unlikely because it appeared at first). The journey to construct a world class tech enterprise out of India, for India (after which possibly the world) remains to be on, simply 1% carried out,” mentioned Gupta in his notice.

Gupta additionally mentioned that he was stepping all the way down to pursue “unknown adventures”.

His resignation follows that of the corporate’s deputy chief monetary officer, Nitin Savara, who stepped down in August.

“You’ve gotten carried out an amazing job right here, introduced us again from the brink of extinction, scaled the enterprise to new heights, acquired us to profitability, and above all, coached me through the years to develop into able to working such a big and complicated enterprise. Due to you, I really feel assured that I can proceed to construct on high of your legacy and construct a much bigger and higher firm going ahead,” mentioned CEO Deepinder Goyal in reply to Gupta.

“We’d additional wish to submit that Mr. Mohit Gupta was not designated as key managerial personnel beneath the Firms Act, 2013 and the Itemizing Rules. Therefore, this disclosure is being made voluntarily,” mentioned Zomato in a inventory change submitting.

On Friday, Zomato’s scrip on BSE closed 0.7% decrease at Rs 67.20.

Amongst different current high exits at Zomato have been Rahul Ganjoo, new initiatives head and former meals supply chief and Siddharth Jhawar vice chairman of world progress.

ALSO READ: Zomato’s head of latest initiatives Rahul Ganjoo quits