OYO CMO Rohit Kapoor quits; rumoured to join Swiggy as Food Delivery CEO

Rohit Kapoor

Rohit Kapoor, the global Chief Marketing Officer (CMO) of hospitality major OYO, is rumoured to have left the startup and is set to accept a prominent role at food tech giant Swiggy.

“Kapoor has already resigned from OYO and is currently serving [his] notice period. He’s likely to be relieved from his responsibilities at OYO by August,” Entrackr quoted a source as saying.

The report said that Kapoor is in advanced talks to join Swiggy in a senior position. “Kapoor is likely to join the food tech unicorn if nothing changes at the last moment,” another source was quoted as saying.

According to a different report, Kapoor would become the CEO of the food delivery division of Swiggy.

After serving the hospitality unicorn for 44 months, Kapoor announced his resignation. He joined the Gurugram-based firm in December 2018 as the new real estate company’s chief executive officer (CEO) and was promoted to that position a year later to become the CEO of India and South Asia.

Kapoor received a promotion to his current position as the global CMO of OYO in April of this year. At that time, Ankit Gupta was promoted to CEO of India operations, and Ankit Tandon was appointed CEO of Southeast Asia with a focus on Indonesia and the Middle East.

Kapoor’s resignation occurs as OYO experiences a turnaround in business following a pandemic slowdown. The hospitality industry leader claimed that despite the pandemic’s devastating effects on the industry, business surged 5X in May of this year and added more than 1,250 corporate clients in the three months between March and May 2022.

According to a source from last month, the resort group plans to list around the Diwali holiday, reducing its initial public offering from the previously anticipated $1.2 billion to $800 million.

Additionally, the company had to scale back the size of its IPO due to the volatile market environment and adverse investor sentiments.

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