Gupta, who joined Zomato in 2015, was elevated as Chief Operating Officer in 2018 and as the founder in 2019. He was the face of the company in the run-up to the IPO, leading discussions with investors and the media.

His exit comes days after Zomato exited its grocery delivery and Nutraceutical business.

According to sources familiar with the development, this exit was a long time coming as Zomato founder Deepinder Goyal and Gaurav Gupta had fallout some time ago.

The businesses launched by Gupta, including grocery, nutraceuticals among others, were struggling or had to be shut down. Moreover, the overseas expansion led by him also didn’t work out.

Moneycontrol has learnt that Gupta in his internal mail said that he is “starting a new chapter” after 6 years Zomato.

After shutting down its grocery delivery service, Zomato pulled the plug on the nutraceutical business. Zomato had ventured into the nutraceutical business last year with the launch of health and fitness products.

The company has decided to shut it at a time when the government is trying to get stricter about private label norms for marketplace businesses in the country.

He joined the network in 2008 as its chief financial officer and was appointed its chief executive officer in September 2019. In a career spanning over two decades, Bhadkamakar worked at firms such as advertising agency Lowe Lintas and consultancy firm Ernst & Young. The company did not disclose Bhadmakar’s next move.

Dentsu India, in an official statement, said that to stay ahead of the growth opportunities and potential the network sees for its clients and teams, the network is moving forward into Dentsu India 2.0.

The network claimed that in the last year, and despite the pandemic, it has started to optimize its portfolio of brands into six global leadership brands, making itself more agile and simpler for the clients to access its capabilities and talents.

“To accelerate this transformation, Ashish Bhasin, CEO, APAC, and chairman India and Peter Hujiboom, global CEO, Media, and global Clients will assume interim, day-to-day leadership of Dentsu India while the business completes its search for successor to Anand Bhadkamar, who leaves Dentsu on August 31,” it said.

Bhadkamkar’s exit is one of the biggest senior-level executives who’ve left the group recently. Recently, Gautam Mehra, chief product and data officer, Dentsu International and CEO, DAN Programmatic; Vivek Bhargava, head, Dentsu Performance Group;  Rubeena Singh, CEO, iProspect have quit the network.

The departure marks one of the first major corporate reshuffles under Chief Executive Officer Arvind Krishna, who took the helm last year and moved quickly to reshape IBM and return it to growth. Whitehurst, 53, is the former CEO of Red Hat Inc., which IBM announced it was acquiring in 2018 in a $33 billion deal orchestrated by Krishna. As CEO, Krishna has focused on fast-growing technologies like artificial intelligence and cloud computing services in an effort to revive decades of stagnation.

Whitehurst’s departure is one of several management moves IBM announced on Friday. Whitehurst “decided to step down,” IBM said, he will continue working as a senior adviser. IBM didn’t announce a replacement. IBM’s share tumbled 4.8% to $138.83 on the news.

Whitehurst was appointed president last April, the first time in decades in decades that IBM separated the roles of CEO and President. His experience in cloud and cognitive software was viewed as a complement to Krishna, a longtime IBM executive. The former Red Hat chief played a critical role in Krishna’s pivot to a hybrid-cloud strategy which allows customers to store data in private servers and on multiple public clouds. Even amid IBM’s struggle to achieve revenue growth, Red Hat’s performance has remained strong, posting a 17% gain in sales in the first quarter. Whitehurst’s departure came as a surprise for many analysts who saw it as a negative.