Last week, Zomato announced a little second-quarter loss.
In May 2020, Mohit Gupta was promoted to co-founder.
After Zomato's Deputy CFO left, Mohit Gupta also left.

The co-founder of the Indian food aggregator Zomato, Mohit Gupta, announced his resignation on Friday. The revelation was released a few days after the online meal delivery service stated that its consolidated net loss for the second quarter ended in September 2022 shrank to Rs. 250.8 crore. The company's combined net loss for the prior-year quarter was Rs. 434.9 crore. The reason behind Mohit Gupta's resignation is still unclear, though.

Before being promoted to co-founder in May 2020, Gupta was the segment's chief executive and is credited with starting from scratch Zomato's meal delivery operations. In a letter to the business, Gupta stated that he was quitting to explore 'unknown adventures.'

Gupta announced his decision to leave Zomato and pursue other uncharted adventures in a letter to the company that was shared on the BSE by the business. According to Zomato, Gupta made the voluntary disclosure of his resignation but was not considered a key managerial employee as defined by the Companies Act of 2013 and the listing regulations.

Nitin Savara, the business's former deputy chief financial officer, left his position in August, and his resignation came after him. As online order volumes and values increased, Zomato last week reported a slight second-quarter loss.

Zomato's CEO and creator, Deepinder Goyal, said, 'We are creating for the long haul, and we will continue reviewing and taking risks which may sacrifice short-term goals for the long term.' There are several places where we can do better, Goyal said when outlining his suggestions for how Zomato might 'execute better.'

For example, we should ship higher-quality products more quickly, pay closer attention to what customers are saying, and interact with our restaurant and delivery partners more frequently to get their feedback. More multiplier risks should be taken, and old paradigms should be questioned.'