{"id":4524,"date":"2021-09-14T19:04:35","date_gmt":"2021-09-14T13:34:35","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=4524"},"modified":"2021-11-03T13:03:56","modified_gmt":"2021-11-03T07:33:56","slug":"zomato-co-founder-quits","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/zomato-co-founder-quits\/","title":{"rendered":"Zomato Shares Turn Volatile as Co-founder Quits"},"content":{"rendered":"\n<p>Gaurav Gupta, co-founder and head of supply of the online food delivery startup, <a href=\"https:\/\/www.tickertape.in\/blog\/zomato-received-underweight-rating\/\">Zomato<\/a>, has quit the company. Zomato had issued its <a href=\"https:\/\/www.tickertape.in\/blog\/ipo-investment\/\">IPO<\/a> in July and Gupta was one of the main people for interactions about its Rs 9,375 cr listing.<\/p>\n\n\n\n<p>Gupta said, <em>\u201cI 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 \u2013 the last 6 years at <\/em><a href=\"https:\/\/www.business-standard.com\/topic\/zomato\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><em>Zomato.<\/em><\/a><em>\u201d<\/em><\/p>\n\n\n\n<p>His resignation came only two months after Zomato came up with its <a href=\"https:\/\/www.tickertape.in\/blog\/zomato-ipo\/?utm_source=blog&amp;utm_medium=article\">IPO<\/a> and its stock prices turned volatile after the announcement. It started the day on a positive note and touched Rs 152.75. Post this news, the prices plummeted to Rs 136.20. A massive decline from the start of the day! However, Zomato managed to recoup some of its losses and ended the day at Rs 143.<\/p>\n\n\n\n<p>Gupta joined Zomato in 2015 as a Business head and later became the chief operating officer in 2018. Gupta was acknowledged for his hard work, passion, and commitment under the \u201cZomato Founder\u2019s Program\u201d that rewards employees who immensely contribute to Zomato. He was the first employee of Zomato who became a co-founder.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The co-founder of Zomato, Gaurav Gupta resigned from the company. Read this article to know how it affected Zomato share prices.<\/p>\n","protected":false},"author":54,"featured_media":4508,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[10,1744],"tags":[],"acf":[],"modified_by":"Ayushi Mishra","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2021\/09\/Informative-1.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/4524"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/54"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=4524"}],"version-history":[{"count":3,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/4524\/revisions"}],"predecessor-version":[{"id":5511,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/4524\/revisions\/5511"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/4508"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=4524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=4524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=4524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}