Co-founder and Head of Supply Gaurav Gupta quits Zomato
By MYBRANDBOOK
The exit of Gaurav Gupta, a Co-Founder and Head of Zomato, has led to much discussion. Chief Executive Officer Deepinder Goyal confirmed Gupta’s exit in a blog post.
In his exit email, Gupta said he was taking a “new turn” in life and would be starting a “new chapter” after six years at Zomato.
Gupta said in the email, “We have a great team now to take Zomato forward and it’s time for me to take an (alternative) path in my journey. I am very emotional as I write this and don’t think any words can do justice to how I am feeling right now.”
In response to the letter, Goyal said, “Thank you GG (Gaurav Gupta) for everything you have helped Zomato achieve over the last few years. We have seen Zomato through great as well as terrible times together, and brought it here today. There’s so much of our journey still ahead of us, and I am thankful that you are hanging your boots at a point where we have a great team and leadership to carry us forward.”
Shriram Subramanian, Founder and Managing Director at proxy advisory firm and independent governance analysis firm InGovern Research Services, said, “Gaurav Gupta’s quitting should be seen as a senior-level exit. From a governance perspective, it doesn’t matter that he was a co-founder or not. Because it has happened so close to the initial public offering (IPO), it is generating interest.”
Gupta was Chief Operating Officer in 2019 when Zomato named him co-founder. He was the company’s point person for interactions in its Rs 9,375 crore IPO listing.
He joined the company in 2015 as business head, table reservations, and held the position of head of global advertising sales and president, large enterprise accounts, before he was named chief operating officer in 2018.
Gupta, an Indian Institute of Technology and Indian Institute of Management graduate, worked at AT Kearney before joining Zomato. His departure comes at a time when Zomato is shuttering its businesses in grocery delivery and the dietary supplements business.
In its first quarterly results after its listing in July, Zomato said its net loss widened in the first quarter due to increased expenses and a hit on dining out as the second wave of Covid-19 hit the country.
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
AMD Pensando driving innovation in the DPU architecture space
AMD Pensando stands out in the DPU (Data Processing Unit) market with its u
Autodesk continually pushing the boundaries in the Design and
Autodesk’s vision is of a better world designed and made for all. It inte
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
AMARA RAJA POWER SYSTEMS LTD.
NUMERIC INDIA, A Group Brand Legrand
TEJAS NETWORKS INDIA PVT. LTD.
MATRIX COMSEC PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
ICONS OF INDIA : SANJAY NAYAR
Sanjay Nayar is a senior finance professional in the Indian private in...
Icons Of India : PRATIVA MOHAPATRA
Prativa is a transformational leader with an incredible breadth of exp...
Icons Of India : Dilip Asbe
At present, Dilip Asbe is heading National Payments Corporation of Ind...
PARTNER SPEAKERS
PSU
NSE - National Stock Exchange
NSE is the leading stock exchange in India....
ITI - ITI Limited
ITI Limited is a leading provider of telecommunications equipment, sol...
BEL - Bharat Electronics Limited
BEL is an Indian Government-owned aerospace and defence electronics co...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - NEAL MOHAN, CEO - Youtube
Neal Mohan, the CEO of YouTube, has a bold vision for the platform’s...
Indian Tech Talent Excelling The Tech World - Thomas Kurian, CEO- Google Cloud
Thomas Kurian, the CEO of Google Cloud, has been instrumental in expan...
Indian Tech Talent Excelling The Tech World - Soni Jiandani, Co-Founder- Pensando Systems
Soni Jiandani, Co-Founder of Pensando Systems, is a tech visionary ren...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
