Zomato Co-founder Gaurav Gupta quits to take "an alternate path"
Gaurav Gupta, who joined Zomato in 2015, was elevated to Co-founder in 2019. Prior to this, he worked as a consultant at AT Kearney.
co-founder Gaurav Gupta has quit the foodtech startup after six years. The former Head of Supply of the Gurugram-based company, in an email to the employees this morning, wrote that he was "taking a new turn in his life" and will be starting a new chapter.
Following is the text from his email.
"All,
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.
I have always been asked this question – where does all this energy come from and what keeps you going? Answer is simple and very unique to us – from all you amazing people and how this bunch comes together to create magic.
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.
I couldn’t have asked for more – I am so grateful for all the experiences I have had and thankful to all the folks around me for helping me become a much better person. I won’t be able to stay away from all of you and you will see me around and in action every once in a while. How can I not be there for the town halls – aisa to ho hi nahin sakta.
Thank you Deepi for making me a part of this journey. I will always cherish the amazing times we have had together. I have learnt a lot from you all along and I know in my heart that you will take Zomato to heights that most cannot even imagine.
A big hug to MG (Mohit Gupta), Akshant, Akriti and RG (Rahul Ganjoo) for being such amazing pals on this journey.
Love you all. Do what you do best – create magic. Super proud of all of you.
GG
Deepinder Goyal, Founder & CEO, Zomato
To this, Founder and CEO Deepinder Goyal replied,
Thank you GG for everything you have helped Zomato achieve over the last few years. We have seen Zomato through great as well as terrible times together, and brought it here today. There’s so much of our journey still ahead of us, and I am thankful that you are hanging your boots at a point where we have a great team and leadership to carry us forward.
Thank you for being a better friend to me than anyone else I’ve ever had. I can’t yet imagine everyday life at Zomato without you. You will be sorely missed. All the best!
Gaurav, who was elevated as Co-founder in 2019, had been associated with Zomato since 2015. Prior to this, he worked as a consultant at AT Kearney.
His exit comes at the backdrop of Zomato shutting down its grocery and nutraceuticals businesses. Zomato recently became India's first tech unicorn to go public.
On July 23, Zomato opened at Rs 116 per share on NSE and rose rapidly to a level of Rs 138, before closing at Rs 125. The foodtech giant exceeded all expectations on day one with a 66 percent rise in share price and a market capitalisation of little more than Rs 98,000 crore ($13 billion approximately).
Edited by Saheli Sen Gupta