Gaurav Gupta, co-founder of online food delivery startup Zomato, resigned from the company that made a public offering in July, sources told Business Standard.
Gupta was COO in 2019 when Zomato named him co-founder; He was the contact person for the company for interactions about his quote.
His departure comes at a time when Zomato is going out of business in the grocery and dietary supplement delivery business.
Gupta was the first to be elevated to co-founder under the “Zomato Founder Program,” which rewards “people who have contributed deeply to Zomato, built / expanded businesses, and consistently demonstrated the mindset of a founder. for a reasonable period of time. They are recognized for their passion, commitment and perseverance. “
Zomato could not immediately be reached for comment.
The Gurugram-based firm said last week it will shut down its grocery delivery service, which started in July, due to order fulfillment gaps and the traction that 15-minute grocery delivery has had in the recent past.
The company will discontinue its grocery delivery pilot on September 17. Reports say that Zomato is shutting down its dietary supplement business, which co-founder and CEO Deepinder Goyal announced in March of this year.