Mohit Gupta, co-founder of Zomato, resigns from his position

Delhi based food technology company Zomato announced that Mohit Gupta, who was elevated to co-founder status in 2020, tendered his resignation on Friday.

Mohit joined in 2018 as CEO of the food delivery business, after serving as COO at online travel aggregator MakeMyTrip. Mohit was instrumental in bringing MakeMyTrip and Zomato public.

In his farewell letter shared by Zomato with the stock exchange, Mohit said that during his four-and-a-half-year stint at Zomato, he and Zomato founder and CEO Deepinder Goyal managed to survive the competition, the pandemic and plus. He didn’t specify his next move.

“In recent years, I have seen Deepi (Deepinder Goyal) become an even more mature and self-confident leader who is now fully capable of leading the business into a bright future with all of you by his side,” he said in his resignation. letter.

He further added, “It is with this confidence that I decide to leave Zomato to seek other unknown adventures that life has in store for me. As I look to the future, I am filled with enthusiasm for the vision that Zomato, Blinkit, Hyperpure and Feeding India are building.”

Earlier this month, Rahul Ganjoo, Zomato’s director of new business, announced his resignation. He joined the company in 2017 as a vice president. Zomato’s VP of global growth, Siddharth Jhawar, has also stepped down from him to join Moloco as country manager for India.

In August, it was reported that Zomato was looking to create a group business under a multi-CEO model. The group company is likely to be called Eternal, according to reports based on internal Zomato communication. Different business verticals including Zomato, Blinkit, Hyperpure and Feeding India will be led by different CEOs reporting to Deepinder Goyal, according to reports.

Zomato reported reduced net loss for the quarter ending 30 September 2022 to Rs 251 crore from Rs 430 crore in the prior year period. The revenue from the company’s operations increased by 62.2% to Rs 1,661 crore year on year.