Zomato has elevated Mohit Gupta, CEO of food delivery unit, as its co-founder. Last year, the foodtech unicorn had also given its COO Gaurav Gupta a position in the co-founding team. Mohit Gupta has become the fourth co-founder of the Gurugram-based venture.
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.
“While the foundation of Zomato was built before MG joined us, he has been instrumental in significantly strengthening it over the last two years, what he and his team has built is a very large part of our business and our DNA today,” said Goyal in the letter.
The trend of elevating senior executives a co-founder is rare in India. Bytedance-backed DailyHunt had promoted former Facebook India’s managing director Umang Bedi as co-founder after a short stint 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.