Mohit Gupta, co-founder of food ordering app Zomato, has resigned. In a note to the market, the firm included a farewell message from Mr. Gupta, who said he would remain “the sole long investor in Zomato”.
“…I look forward to seeing you continue to build on everything we have learned over the years. Persevere, keep learning, and build an organization that sets an example for the rest of the world,” Mr. Gupta said in His farewell message.
Mr Gupta commended the tireless efforts of Deepinder Goyal, the other founder, who is now CEO, and senior staff, to become “large and profitable business“Despite the challenges of the COVID-19 pandemic.
“In the past few years, I have seen deep skin [Deepinder Goyal] Become a more mature and confident leader, now well equipped to lead the business into a bright future with all of you by our side,” Mr Gupta said.
Zomato on Thursday reported a narrower second-quarter loss, helped by continued growth in online orders. The company said in a regulatory filing that its consolidated net loss for the three months ended September 30 was 2.51 billion rupees, compared with 4.3 billion rupees a year earlier.
Operating income rose to Rs 1661 crore from Rs 1024 crore.