Indian food delivery firm Zomato's co-founder resigns

This comes after Rahul Ganjoo, head of new businesses at Zomato, stepped down earlier this week

By Reuters

Published: Fri 18 Nov 2022, 6:48 PM

Last updated: Fri 18 Nov 2022, 9:17 PM

India's Zomato Ltd said on Friday its co-founder, Mohit Gupta, had resigned after about five years at the food aggregator.

Gupta is credited with building Zomato's food delivery operations from scratch and was the segment's chief executive before being elevated to co-founder in May 2020.

Gupta said in a letter to the company that he was stepping down to pursue "unknown adventures".

His resignation follows that of the company's deputy chief financial officer, Nitin Savara, who stepped down in August.

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

In the UAE, Zomato’s food ordering feature will be discontinued from November 24. Customers looking to order food on the Zomato app will now be redirected to the Talabat app.

“At the same time, Zomato will continue to build on its restaurant discovery and dining out business,” Zomato said in an e-mail to partner restaurants in the country.


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