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Indian food delivery firm Zomato's co-founder exits after 6 years

By Chandini Monnappa BENGALURU (Reuters) -Zomato Ltd co-founder and head of supply Gaurav Gupta has left the Indian food delivery firm after six years, the company said...
Indian food delivery firm Zomato's co-founder exits after 6 years © Reuters. FILE PHOTO: The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration/File Photo

By Chandini Monnappa

BENGALURU (Reuters) -Zomato Ltd co-founder and head of supply Gaurav Gupta has left the Indian food delivery firm after six years, the company said https://www.zomato.com/blog/always-in-love-with-zomato on Tuesday, months after it went public in a high-profile listing.

Gupta, who was promoted to the position of founder in March 2019, had been instrumental in helping build Zomato's premium membership subscription and driving up sales in a competitive market.

His departure comes a day after local media reported https://www.moneycontrol.com/news/business/startup/zomato-goes-leaner-as-after-grocery-it-shuts-down-nutraceutical-business-as-well-7458341 that Zomato had shut its health and fitness products business just six months after launch at a time when the government was getting stringent about private label rules in India.

The company earlier this month laid off about 70 people from its sales team, according to a source who declined to be named as the matter was private.

Zomato did not immediately respond to a Reuters request for comment.

The layoffs were the latest in a line of initiatives by the company to focus more on its mainstay food delivery business.

Zomato had also exited several of its international markets to focus solely on its India businesses in the build-up to its July market debut, in which its stock soared nearly 66%.

Zomato shares ended little changed on Tuesday after swinging wildly earlier in the session.

Moneycontrol had first reported https://www.moneycontrol.com/news/business/companies/zomato-founder-gaurav-gupta-quits-7464451 on Gupta's exit earlier in the day.

($1 = 73.7030 Indian rupees)

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24-09-2021 16:18:21 (UTC+7)

EUR/USD

1.1737

0.0001 (0.00%)

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EUR/USD

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AUD/USD

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Bayer AG NA

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Allianz SE VNA O.N.

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Adidas AG

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 EUR/USD1.1737Neutral
 GBP/USD1.3707↑ Sell
 USD/JPY110.38↑ Sell
 AUD/USD0.7274↑ Sell
 USD/CAD1.2684↑ Buy
 EUR/JPY129.55↑ Sell
 EUR/CHF1.0834↑ Sell
 Gold1,755.05Neutral
 Silver22.677↑ Sell
 Copper4.2293Sell
 Crude Oil WTI73.47Neutral
 Brent Oil77.56↑ Sell
 Natural Gas5.089↑ Buy
 US Coffee C193.08↑ Sell
 Euro Stoxx 504,165.85↑ Sell
 S&P 5004,448.98↑ Sell
 DAX15,548.15↑ Sell
 FTSE 1007,063.45Neutral
 Hang Seng24,192.16↑ Buy
 Small Cap 20002,259.80↑ Sell
 IBEX 358,872.50↑ Sell
 BASF63.795↑ Sell
 Bayer46.43↑ Sell
 Allianz192.50↑ Sell
 Adidas280.90↑ Sell
 Lufthansa6.215↑ Sell
 Siemens AG148.87↑ Sell
 Deutsche Bank AG10.747Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,655/ 5,705
(-20/ -20) # 872
SJC HCM5,640/ 5,705
(-30/ -30) # 873
SJC Hanoi5,640/ 5,707
(-30/ -30) # 875
SJC Danang5,640/ 5,707
(-30/ -30) # 875
SJC Nhatrang5,640/ 5,707
(-30/ -30) # 875
SJC Cantho5,640/ 5,707
(-30/ -30) # 875
Cập nhật 24-09-2021 16:18:23
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ↀ Giá vàng thế giới
$1,755.15+9.340.53%
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Sản phẩmVùng 1Vùng 2
RON 95-IV2149021910
RON 95-II,III2139021810
E5 RON 92-II2014020540
DO 0.05S1602016340
DO 0,001S-V1637016690
Dầu hỏa1508015380
ↂ Giá dầu thô thế giới
WTI$73.42-0.66-0.90%
Brent$77.51-0.98-1.26%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.630,0022.860,00
EUR26.044,7927.400,28
GBP30.430,7031.702,11
JPY200,85212,47
KRW16,7620,40
Cập nhật lúc 16:11:35 24/09/2021
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