Executive Departures Shake Up Zepto Ahead of IPO

Zepto, a quick commerce platform, is witnessing key departures as VP of central operations, Jitendra Bagga, resigns. Joining in April, Bagga oversaw mother hubs and line haul segments. This follows HR head Martin Dinesh Gomez's exit. Zepto, gearing for an IPO, recently raised USD 350 million.

Zepto, a leading player in the quick commerce industry, is facing a period of transition as Jitendra Bagga, Vice-President of Central Operations, has stepped down. Bagga, who was crucial to the company's operations since joining in April, managed the mother hubs and line haul segment during his tenure.

The news of Bagga's departure follows closely on the heels of another significant exit – HR head Martin Dinesh Gomez, signaling notable organizational changes as Zepto prepares for its initial public offering (IPO). The company did not respond to queries regarding these departures.

Despite these internal shifts, Zepto continues on its strategic path, having recently secured USD 350 million in November from high-net-worth individuals, family offices, and prominent financial institutions, underscoring investor confidence in their business model.

(With inputs from agencies.)