---
title: "Mohit Gupta, co-founder of Zomato, leaves the company."  
description: "Zomato's food delivery business was started from scratch by Mohit Gupta, who also served as its CEO."  
author: "Muskan Singh"  
published: 2022-11-18  
canonical: https://www.mindstick.com/news/2380/mohit-gupta-co-founder-of-zomato-leaves-the-company  
category: "business"  
tags: ["business process", "business", "company"]  
reading_time: 2 minutes  

---

# Mohit Gupta, co-founder of Zomato, leaves the company.

```
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](https://yourviews.mindstick.com/story/4437/8-best-south-indian-food-items) 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](https://yourviews.mindstick.com/view/83816/google-core-algorithm-update-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](https://yourviews.mindstick.com/story/1499/top-5-adventures-in-india-for-solo-travelers).'

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](https://answers.mindstick.com/qa/35119/which-film-is-similar-to-disclosure) of his resignation but was not considered a key managerial employee as defined by the **[Companies](https://yourviews.mindstick.com/view/85554/why-must-companies-have-a-profile-page-on-mindstick) Act of 2013 and the listing regulations.**

**Nitin Savara, the business's former deputy chief [financial](https://www.mindstick.com/articles/13120/an-expert-financial-advice-will-improve-your-finances) officer,** left his position in August, and his resignation came after him. As online order volumes and values increased, [**Zomato**](https://www.mindstick.com/news/2318/zomato-finally-crosses-billion-dollar-annualised-revenue-mark) last week reported a slight second-quarter loss.

[**Zomato's**](https://www.mindstick.com/news/1540/swiggy-and-zomato-were-alleged-by-nrai-for-misusing-consumer-data) 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](https://answers.mindstick.com/qa/37000/which-shares-to-buy-for-long-term-investment-in-india).' 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](https://www.mindstick.com/articles/13008/how-does-a-customer-portal-enhance-the-experience-of-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.'**

---

Original Source: https://www.mindstick.com/news/2380/mohit-gupta-co-founder-of-zomato-leaves-the-company

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