One of the biggest headline news came today in the form of the Indian food startup’s co-founder Gaurav Gupta announcing his exit from the company has made it one of the most successful startups India has ever seen.
He was the food delivery platform Zomato Ltd’s co-founder and head of supply. Gaurav was instrumental in bringing Zomato’s premium membership subscription along with its advertising and sales, was promoted to the position of the founder in March 2019.
Ironically he was never the actual co-founder of the company, he was hired by the company as the business head of the table reservation business in 2015. However, over the years, he managed to climb the ladder to be recognised as the co-founder of Zomato.
Moneycontrol reported this for the first time as Gaurav Gupta decided to leave Zomato Limited just two months after the food delivery company raised $1.3 billion in an initial public offering. Zomato did well as an IPO and Gupta’s sudden exit might impact the shareholders of the company and the company’s viewpoint.
He was promoted as the Chief Operating Officer in 2018 and then as a founder in 2019. Deepinder Goyal, the Co-founder of Zomato, confirmed Gupta’s exit, “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,” Goyal said.
According to Moneycontrol, Gaurav Gupta, in an internal mail, said that he was “starting a new chapter” after six years at Zomato.
“We have a great team now to take Zomato forward and it is 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 said in an email to colleagues quoted in a company blog.