Zomato co-founder Mohit Gupta resigns

Zomato co-founder Mohit Gupta has quit the company after a four-and-half-year stint, marking the third high-profile exit from the food delivery major in recent weeks.

Below is hs farewell letter. As per Money Control, Gupta joined Zomato in 2018 as the head of food delivery. He was subsequently elevated to co-founder in 2021 to oversee new businesses when Ganjoo was made the CEO of food delivery.

Before this, Rahul Ganju, CEO of Food Delivery, too resigned from the company. He said, "As I wrap up my 5+ year stint at Zomato, my heart is full of pride and gratitude - for the work we did and the progress we made, for getting a once-in-a-lifetime privilege to build Zomato and for finding a new family for life. It's been such a fulfilling ride! So much.

Zomato’s net loss for the quarter narrowed to Rs 250.8 crore against Rs 434.9 crore registered in the same quarter last year. Meanwhile, revenue from operations zoomed 62.20 percent to Rs 1,661.3 crore.