Zomato has elevated Mohit Gupta, CEO of food delivery unit, as its co-founder. He has become the fourth co-founder of the Gurugram-based venture.
Mohit joined Zomato about two years ago after a decade-long period at India’s largest online travel agency. He was a chief operating officer (COO) at CTrip-backed public company.
Mohit has been handling the food delivery business of Zomato since July 2018. Under his leadership, the company has scaled up to about 40 million monthly order volume. His elevation as a co-founder has come at a time when online food ordering intensity is down because of Covid-19 pandemic.
Announcing the new co-founder in the company, Deepinder Goyal, CEO of Zomato, has reminded all employees about the Founders Program, which was announced a year ago. Gaurav Gupta became the co-founder under the program.
The trend of upraising senior executives as a co-founder is rare in India. Bytedance-backed Daily Hunt had promoted former Facebook India’s managing director Umang Bedi as co-founder after a short period as President. Last year, Ananth Narayanan, former CEO of Myntra, had joined Medlife as its co-founder and CEO. Most recently, Rahul Jaimini, Swiggy’s co-founder, joined edtech firm Pesto as a co-founder.
Previously, Zomato was in news for laying-off 500 of its employees which was deduction in 13% of its workforce.