Gaurav Gupta, one of Zomato’s top managers, has left the company, said co-founder and CEO Deepinder Goyal on Tuesday. The development comes just a few months after Zomato’s successful listing on the Indian stock exchanges, with Gupta being a key figure leading up to the company’s initial public offering.
Gupta was the first person in the company to be promoted to the position of co-founder as part of the Zomato Founder Program in 2019. At the time, this was an unprecedented move in the Indian startup ecosystem. Gupta joined Zomato in 2015 and was named COO of the company in 2018.
“I’m taking a new turn in my life and will start a new chapter,” Gupta said in an email to his colleagues posted on Zomatos Blog… “We now have a great team to take Zomato forward and it is time for me to take an alternative route on my journey.”
This is the second exit at the co-founder level at Zomato. Pankaj Chaddah has been the other co-founder of the company alongside Goyal since its inception. Chaddah moved out of Zomato in March 2018. He is now in fitness Startup mindhouse…
Gupta’s exit comes as the food tech company shuts down some of its key businesses like grocery delivery, including those that were run by Gupta himself. Zomato, for example, pulled the plug in its nutraceutical segment and its US table reservation business, both of which are in the process of being lead by Gupta.
Last week, Zomato had shut down its grocery delivery service due to increased competition from rival Moneycontrol reported… Instead, the company will now attempt to take advantage of grocery delivery through its $ 100 million investment in Grofers.
Several prominent Indian startups have left key positions recently. Zomato’s biggest competitor, Swiggy, had to resign its COO Vivek Sunder in June. Trickypedia would have exclusively reported about Sunder’s departure, who later moved to Edtech startup Cuemath as CEO.
After Zomato’s $ 100 million investment in Grofers for a 9.3% stake, Grofers co-founder Saurabh Kumar left the company in June, although he remains a director and shareholder in the company. The co-founder of the health ecosystem startup Curefit Ankit Nagori has parted ways with the company.