Zomato executive Gaurav Gupta has decided to leave the company after six years of service.
Gupta, who was the Head of Supply, had joined Zomato six years ago in 2015, later elevated to the role of co-founder in 2019. Zomato’s premium membership subscription along with its advertising and sales have seen many contributions on his end.
In an email to the team, he wrote, “I am 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 6 years at Zomato. 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.”
Gupta continued, “I am in love with Zomato and will always be. Came in 6 years back not knowing what this would turn out to be. And what a mind blowing and amazing journey this has been. Feel proud of where we are today, what we have overcome to get here and feel even more proud of what we will achieve in the future.”
In response, Zomato Founder Deepinder Goyal said, “thank you Gaurav Gupta – the last 6 years have been amazing and we have come very far. There’s so much of our journey still ahead of us, and I am thankful that we have a great team and leadership to carry us forward.” He also thanked Gupta via Twitter.
The development of his resignation comes just a day after Zomato decided to halt its grocery delivery service from September 17 mainly on account of gaps in order fulfillment, leading to poor customer experience. This marks the company’s second exit from the sector.
Zomato has instead invested $100 million (around ₹ 745 crore) for acquiring a minority stake in grocery delivery platform Grofers, hoping that would result in better returns than in house efforts at grocery.
It has been only about 2 months since Zomato’s IPO went live.
Mr Gupta holds an engineering degree from IIT-Delhi and an MBA from IIM-Calcutta. Before he was at Zomato, he worked with A.T. Kearney Limited for over 10 years.