- Zomato- the food ordering platform has elevated Mohit Gupta, the CEO of their food supply business, by making him a co-founder.
Zomato- the food ordering platform has elevated Mohit Gupta, the CEO of their food supply business, by making him a co-founder.
In an email addressed to employees on Sunday, Zomato ‘s co-founder and chief executive Deepinder Goyal said: “Although Zomato ‘s foundation was established before Mohit Gupta joined us, he has been instrumental in strengthening it significantly over the past two years … When I launched the Founders Program just over a year ago, I outlined a few qualities that all created. These qualities include among other things trustworthiness, commitment, and resilience. MG checks all those and more boxes.
Source- Twitter
In 2018, Gupta joined Zomato from MakeMyTrip online travel portal where he served as chief operating officer. “MG (Mohit Gupta) is very committed to building Zomato on a long-term basis and has extremely high levels of ownership – so much so that twice in the last two years he has taken a 100% salary cut to help the organization wade through some difficult times,” Goyal wrote in his email.
Last year the title of co-founder was also granted to Gaurav Gupta, Zomato’s COO. In all, the firm backed by Ant Financial now has four co-founders — Goyal, Gunjan Patidar, Gaurav Gupta, and now Mohit Gupta.
After a 10-year stint in March 2018, Pankaj Chaddah, who started Zomato with Goyal and Patidar, left the company and has now started a Mindhouse mental fitness startup.
Rival Swiggy saw the exit earlier this month of one of her co-founder Rahul Jaimini, who later joined Pesto Tech, a career accelerator startup. However, Jaimini remains a member of the board and a shareholder at the startup of food ordering.
The move comes at a time when order volumes had reached an all-time low for Zomato and rival Swiggy due to the Covid-19 pandemic. Recently, in selected Bengaluru pin codes, Jeff Bezos-led Amazon has started a food delivery service too.
In India, the pattern of elevating a co-founder to senior executives is unusual. After a short stint as President, Bytedance-backed DailyHunt had promoted former Facebook India managing director Umang Bedi as its co-founder. Ananth Narayanan, Myntra’s former CEO, had joined Medlife as its co-founder and CEO last year.
