Zomato: Zomato co-founder Mohit Gupta resigns, third high-profile exit in latest days

Meals supply platform Zomato co-founder Mohit Gupta as we speak tendered his resignation from the corporate.

“Over the previous few years, I’ve seen Deepi (Deepinder Goyal) turn out to be an much more mature and assured chief who’s now utterly able to main the enterprise right into a shiny future with all of you by his facet. It’s with this confidence that I’m deciding to maneuver on from

to hunt the opposite unknown adventures that life holds for me,” Gupta stated in a farewell be aware.

Stating that he stays an extended solely investor in Zomato, Gupta stated the journey to construct a world class tech enterprise out of India, for India (after which perhaps the world) continues to be on, simply 1% executed.

An IIM Calcutta alunmus, Gupta spent 4 years at Zomato after lengthy stints at MakeMyTrip.com and PepsiCo Worldwide.

“MG – you might have been a brother, and a pal to me over the previous couple of years. You have got executed 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 turn out to be able to working such a big and complicated enterprise,” Zomato Founder and CEO Deepinder Goyal stated.

In an trade submitting, Zomato stated Gupta was not designated as key managerial personnel below the Corporations Act and the disclosure on exchanges was executed voluntarily.

“Throughout my numerous stints at Zomato and Makemytrip, I’ve constructed new companies, taken them to profitability, scaled market main companies, created new market segments, invested & mentored startups in addition to participated in two of the biggest M&A occasions within the Indian e-commerce business,” reads Gupta’s LinkedIn bio.

That is the third high-profile exit from Zomato in latest days. Rahul Ganjoo, Head of New Initiatives at Zomato, had ended a 5-year stint on the meals supply platform earlier this week.

Earlier within the month, Zomato’s vice-president for international progress Siddharth Jhawar had additionally introduced his exit.