Zomato co-founder Mohit Gupta resigns

Indian food delivery firm Zomato co-founder resigns
Mohit's resignation comes after about five years. His resignation follows that of the company's deputy chief financial officer, Nitin Savara, who stepped down in August.

Indian multinational restaurant aggregator and food delivery company, Zomato Ltd confirmed on Friday that its co-founder, Mohit Gupta has resigned from the company.

Mohit resigned after about five years at the food aggregator. His resignation follows that of the company’s deputy chief financial officer, Nitin Savara, who stepped down in August.

He also said that he stepped down to pursue “unknown adventures”. In his farewell note, he said, “I remain a long-only investor in Zomato.”

“Four and a half years ago I joined Deepi (Deepinder Goyal) & this band of crazies trying to build the best food tech company in the country, I dare say the world”, he said in a note.

The note added, “In this period, we brought our food delivery business back from the brink, survived the crazy competition, the pandemic, and became a large and profitable business (as unlikely as it seemed at the beginning).”

Mohit Gupta has been a business leader with experience in scaling & running leading food delivery & travel e-commerce businesses.

Mohit currently leads the food delivery business for Zomato. In past, he has led the P&L & operations for India’s largest online travel platform.

Across his various stints at Zomato and Makemytrip, he has built new businesses, taken them to profitability, scaled market-leading businesses, created new market segments, invested & mentored startups as well as participated in two of the largest M&A events in the Indian e-commerce industry.

In his stint with Pepsico, Mohit handled sales, field marketing, brand marketing & channel leadership assignments across levels & geographies.

Zomato last week reported a narrow second-quarter loss, as volumes and value of its online orders rose.


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