Zomato co-founder resigns

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Zomato co-founder Mohit Gupta has resigned from the company today

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He joined Zomato 4.5 years back and was elevated to co-founder in 2020.

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Earlier two high profile persons exited the company.

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This is a big blow to the company that is struggling to make a comeback and make its balance sheet green.

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The share price of Zomato was trading at 67.2 , more than 50% of high.

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Mohit Gupta was working with makemytrip before joining Zomato.

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He has informed the he is moving out of Zomato to seek another unknown adventures that life holds.

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He has exited his position only, but remains to stay as a long term investor in Zomato.

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