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
Cisco building a trusted and resilient future for the nation
Security is foundational to everything Cisco does and customers insist on e
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
HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
TVS ELECTRONICS LTD.
PDRL - Passenger Drone Research Pvt. Ltd.
TAC SECURITY SOLUTIONS
EMINENT CIO'S OF INDIA
ICONS OF INDIA
ICONS OF INDIA : VINAY SINHA
Vinay Sinha is the Managing Director of Sales for the India Mega Regio...
Icons Of India : GAUTAM ADANI CHAIRMAN ADANI GROUP
Gautam Adani is the Founder and Chairman of the Adani Group, which ran...
Icons Of India : AMIT CHADHA
Amit Chadha serves as the CEO and Managing Director of L&T Technology ...
PARTNER SPEAKERS
PSU
CERT-IN - Indian Computer Emergency Response Team
CERT-In is a national nodal agency for responding to computer security...
TCIL - Telecommunications Consultants India Limited
TCIL is a government-owned engineering and consultancy company...
RailTel Corporation of India Limited
RailTel is a leading telecommunications infrastructure provider in Ind...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...
Indian Tech Talent Excelling The Tech World - Sanjay Mehrotra, CEO- Micron Technology
Sanjay Mehrotra, the President and CEO of Micron Technology, is at the...
Indian Tech Talent Excelling The Tech World - PADMASREE WARRIOR, Founder, President & CEO - Fable
Padmasree Warrior, the Founder, President, and CEO of Fable, is revolu...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
