Friday, July 1, 2022
Bitdefender WW

Zomato shares tumble after Gaurav Gupta’s exit got announced

- Advertisement -

Today, Zomato’s co-founder Gaurav Gupta has stepped down from the company after six years of his stay, having earned the badge of co-founder even though he wasn’t one. As you know recently Zomato Limited has been listed as an IPO and the process went well, raised $1.3 billion.

However, this afternoon after the announcement of Gaurav Gupta’s exit, people have become more conscious and as soon as it happened, the stocks of the company saw a huge dip.

Trading at Rs.143 average, the peak it reached was up to Rs.152.75, however, since the announcement the shares dipped to a staggering Rs.136.65 at 12:33 PM. Since then the shares have revived a bit and as I write this article the shares are at Rs.144.10 at 3:30 PM.


However, people have been keen on selling their stocks more today having been baffled with one of the major people in the company exit. Zomato is still positive about its growth though recently it stopped its nutraceutical business.

“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 told executives at Zomato in an email as per the company’s blog.

via Moneycontrol

- Advertisement -
Raunak Saha
Raunak Saha
A cs engineer by profession but foodie from heart. I am tech lover guy who has a passion for singing. Football is my love and making websites is my hobby.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles

Bitdefender WW

More To Consider

Stay Connected

Myntra [CPS] IN

Hot Topics


Latest Articles


Bigrock [CPS] IN


Adblocker detected! Please consider reading this notice.

We've detected that you are using AdBlock Plus or some other adblocking software which is preventing the page from fully loading.

We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads!

We need money to operate the site, and almost all of it comes from our online advertising.

Please add to your ad blocking whitelist or disable your adblocking software.