Last Updated on Nov 3, 2021 by Ayushi Mishra
Gaurav Gupta, co-founder and head of supply of the online food delivery startup, Zomato, has quit the company. Zomato had issued its IPO in July and Gupta was one of the main people for interactions about its Rs 9,375 cr listing.
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.”
His resignation came only two months after Zomato came up with its IPO 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.
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 “Zomato Founder’s Program” that rewards employees who immensely contribute to Zomato. He was the first employee of Zomato who became a co-founder.