According to sources familiar with the situation, senior executive Gaurav Gupta has opted to quit Zomato Limited, only two months after the meal delivery firm earned $1.3 billion in an initial public offering.
In the run-up to the IPO, he was the company’s public face, leading investor and media conversations. His departure comes only days after Zomato’s grocery delivery and nutraceutical operations were shuttered. Dietary fibers, antioxidants, and herbal and natural funds are all examples of neutraceuticals.
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Gupta’s businesses, such as food delivery and nutraceuticals, struggled or had to close down. His efforts to expand internationally, which he led, also failed. After six years at Zomato, Gupta said in an internal email that he was “beginning a new chapter.”
Zomato shut down its nutraceutical company after first shutting down its food delivery service. With the debut of health and fitness goods last year, Zomato entered the nutraceutical sector. The corporation chose to close it when the government enforced stricter private label regulations for marketplace enterprises in the country.