Zomato co-founder Gaurav Gupta quits to start his new endeavor

zomato co founder gaurav gupta quits to start his new endeavor

The businesses launched by Gupta, including grocery, nutraceuticals among others, were recently plugged off.

Just two months after the Zomato IPO, the company's co-founder, Gaurav Gupta, has left the company, as today is his last day at Zomato. He is now expected to work on his next professional endeavor, which could be his own venture and spend time with his family.

CEO DeepinderGoyal confirmed his exit on Twitter, saying,"Thank you,Gaurav Gupta—the last six 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."

According to sources familiar with the development, this exit was a long time coming as Zomato founder DeepinderGoyal, and Gaurav Gupta had a fallout some time ago. The businesses launched by Gupta, including grocery, nutraceuticals among others, were recently plugged off. Just a few days back, Zomato officially announced the shutdown of its grocery service. Moreover, the overseas expansion led by him also didn't work out.

"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 told executives at Zomato in an email, as per the company's blog.

After shutting down its grocery delivery service, Zomato also pulled the plug on the nutraceutical business. Zomato had ventured into the nutraceutical business last year with the launch of health and fitness products.