Days after Zomato shut its grocery business, the e-commerce company's co-founder Gaurav Gupta has quit the company. Gupta was the face of the food delivery company when the company was listed on the bourses.
In an email sent to the employees of Zomato informing them about his exit from the company, Gupta said, "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."
However, Gupta did not mention where he would be moving to.
Acknowledging Gupta's exit, Deepinder Goyal, founder and CEO of Zomato said, "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."
Zomato has recently also been dissolving some of its subsidiaries. It recently announced that it is striking off some of its step-down subsidiaries. Zomato Media Private Limited ("ZMPL"), a step-down subsidiary of the Company located in Singapore has initiated the process of strike off on August 31, 2021, as per stock exchange filings.
In another exchange filing, Zomato said that Zomato USA LLC ("ZUL"), a step-down subsidiary of the company, has been dissolved and wound up.
The company added that these companies did not have any active businesses.
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