Zomato co-founder Mohit Gupta resigns

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In yet another major exit of a key leader from food aggregator firm Zomato Ltd in this month, the company’s co-founder Mohit Gupta resigned.

In his farewell note, Gupta said the journey to “build a world-class tech business out of India, for India (and then maybe the world)” was still on and just “1 per cent” had been done.

“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. It is with this confidence that I am deciding to move on from Zomato to seek the other unknown adventures that life holds for me,” Gupta said in his farewell note.

Zomato CEO Deepinder Goyal responded by saying, “You have done a tremendous job here, brought us back from the brink of extinction, scaled the business to new heights, got us to profitability, and above all, coached me over the years to become capable of running such a large and complex business. Thanks to you, I feel confident that I can continue to build on top of your legacy and build a bigger and better company going forward.”

Gupta quit the company after working for nearly four and a half years. He joined Zomato in 2018 as the head of food delivery. In 2021, he became co-founder to oversee new businesses. He has previously worked as the chief operating officer of the travel portal Makemytrip.

This marks the third high-profile exit from the food delivery firm in recent weeks. Zomato’s new initiatives head and former food delivery chief Rahul Ganjoo resigned earlier this week. The head of its Intercity Legends service, Siddharth Jhawar, left the company a week back.

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