Gaurav Gupta, Co-founder of food tech platform Zomato, Resigns

His exit comes days after Zomato exited its grocery shipping and Nutraceutical business.

Gaurav Gupta, who joined Zomato in 2015 was improved as Chief Operating Officer in 2018 and as a founder in 2019. He was the face of the corporation withinside the run-up to the IPO, leading discussions with buyers and the media. His exit comes days after Zomato exited its grocery shipping and Nutraceutical business.

In a big development, Gaurav Gupta, one of the pinnacle executives of food tech platform Zomato has determined to leave the corporation, sources informed Moneycontrol.

After shutting down its grocery shipping service, online meals shipping corporation Zomato have pulled the plug on every other commercial enterprise – Nutraceutical. Zomato had ventured into the nutraceutical commercial enterprise last year with the release of fitness and health products.

The corporation has determined to close it at a time whilst the government is making an attempt to get stricter about private label norms for market agencies withinside the country Moneycontrol mentioned this foray on November 10, 2020. While the corporation showed the development, it declined to share additional details.

Nutraceuticals are described as any meal-associated product which affords medical or health benefits. This could vary from meals to liquids or maybe drugs with a declare of prevention or treatment of persistent diseases. Following the onslaught of COVID-19, there was a sluggish upward thrust withinside the adoption of healthy meals among the common Indian.

Citing a big possibility in the section, Zomato had made a plunge in the section and named Gaurav Gupta, Chief Operating Officer as the top of this department for 5 years. “This commercial enterprise can probably be a huge cost motive force for Zomato in the future,” Gupta had stated last year.

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