News: Zomato's COO steps down to head company's new business

C-Suite

Zomato's COO steps down to head company's new business

Zomato's COO Gaurav Gupta is stepping down from his present role to exclusively focus on the launch of the company's upcoming nutrition business.
Zomato's COO steps down to head company's new business

Zomato’s Gaurav Gupta has announced that he will be stepping down from his current role as COO to exclusively focus on launching the organization’s nutrition business, which he believes will be a value driver for the company. In an email to employees Gupta shared, “I will be vacating this position at Zomato...I was anyway not doing this role, and it will be great for all of us if we find someone better than me to do this role.” Speaking of the nutrition business he added, “I am very excited about the capabilities we are building here and will share more details at the right time."

Gupta joined Zomato in 2015 and has over the years contributed significantly to the company’s business and advertising portfolio. He was elevated to the role of COO in Jan 2018, and in 2019 was bestowed with the title of Co-Founder of Zomato.

The change in Gupta’s role happens to be another big leadership move for Zomato in the last two weeks. Late October, Zomato announced the appointment of Akshant Goyal as its new Chief Financial Officer. Within a span of two years, Goyal is the third executive to take over the finance portfolio.

Media reports reveal that Zomato is undergoing significant leadership changes amid a fundraise of $150Mn, and plans to go public in 2021. Zomato has been valued at $3Bn as part of its ongoing $600Mn funding round.

While Zomato prepares for another year of big changes, how the leadership directs organizational efforts towards the new with retaining needed focus on sustainability through the pandemic is to look forward to.

Image credits: entrackr.com

Read full story

Topics: C-Suite, #Movements

Did you find this story helpful?

Author


QUICK POLL

What kept you sailing through your work life in 2020?

2 months free subscription
q_auto,f_auto/v1612527885/mag-february-2021.png

Subscribe to all new People Matters HR Magazine

.

Subscribe
And Save 59% plus Two months free

Subscribe now

How are you tracking performance of your employees in a post-COVID workplace?

READ the February 2021 issue of our magazine to find out how organizations are doing it.

Read Now