Gaurav Gupta, one of the top executives of the food tech platform Zomato has quit the company. Gupta, who joined Zomato in 2015 was elevated as Chief Operating Officer in 2018 & as the founder in 2019. He was the face of the company in its run-up to the IPO.

As per sources familiar with the development, this exit was a long time coming as Zomato founder Deepinder Goyal and Gaurav Gupta had a fallout some time ago. His exit comes days after Zomato exited its grocery delivery & Nutraceutical business.

   

Zomato co-founder Gaurav Gupta quits

WHAT?

Gaurav Gupta, one of the top executives of the food tech platform Zomato has quit the company. Gupta, who joined Zomato in 2015 was elevated as Chief Operating Officer in 2018 & as the founder in 2019. He was the face of the company in its run-up to the IPO.

HOW?

The businesses launched by Gupta, including grocery, nutraceuticals among others, were struggling or had to be shut down. Moreover, the overseas expansion led by him also didn't work out.

WHY?

The businesses launched by Gupta, including grocery, nutraceuticals among others, were struggling or had to be shut down. Moreover, the overseas expansion led by him also didn't work out.

Moneycontrol has learnt that Gupta in his internal mail said that he is "starting a new chapter" after 6 years at Zomato.

MORE:

Citing a huge opportunity in the segment, Zomato had made a plunge in the segment and named Gupta as the head of this division for five years.

"This business can potentially be a large value driver for Zomato in the future," Gupta had said last year.

Meanwhile, Zomato, which got listed in July, reported a net loss of Rs 356 crore during the quarter ended June 30, 2021, against Rs 99.8 crore during the like period of the previous financial year.