Zomato's CEO of food delivery unit, Mohit Gupta elevated as co-founder

Zomato has elevated Mohit Gupta, CEO of food delivery unit, as its co-founder. Mohit Gupta has become the fourth co-founder of the company.

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.

Mohit joined Zomato about two years ago after a decade-long stint 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 volume is down because of Covid-19 pandemic.

To open up new monetisation channels, the company had begun grocery delivery service Zomato Market and recently ventured into home delivery of alcohol. Zomato announced to lay off 13% of its workforce or over 500 employees. Employees at the firm also took voluntary pay cuts by the senior management. Gupta was also one of the contributors to the voluntary salary cut scheme.