Zomato Co-Founder Gaurav Gupta Quits
Zomato’s co-founder Gaurav Gupta has exited the food aggregator, barely a couple of months after it listed on the bourses.
“I will be taking a new turn in my life and will be starting a new chapter, taking a lot from this defining chapter of my life — the last six years at Zomato,” he said in an emailed communication to employees. BloombergQuint has reviewed the letter.
Earlier in the day Zomato confirmed Gupta’s decision to BloombergQuint but didn’t disclose any other details. Later Zomato posted the letter by Gupta on its website, making his exit public.
We have a great team now to take Zomato forward and it’s time for me to take an alternate 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.Gaurav Gupta Farewell Letter
Gaurav Gupta. (Image: Gaurav Gupta Twitter handle)
In response to Gupta's note, founder Deepinder Goyal wrote - "Thank you GG 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."
Gupta joined Zomato in 2015 and was elevated as its chief operating officer in 2018 and as founder in 2019.
The development comes just a day after Zomato said it was shutting down its grocery delivery pilot, and was putting a wrap on the nutraceuticals business.
Shares of Zomato rose as much as 6.7% to Rs 152.7 apiece before paring gains and ended the day flat.