Jitendra Bagga has resigned from his position as the Vice-President of Central Operations at Zepto after a nine-month period, according to various media reports. During his time at Zepto, Bagga oversaw the warehousing division, which included managing mother hubs (MH) and line haul (LH) projects, all while driving the company’s aggressive expansion efforts. This change represents Zepto’s second significant departure at the executive level in recent months. In December, Chief Human Resource Officer (CHRO) Martin Dinesh Gomez also left the quick commerce firm following an 11-month tenure. Moneycontrol was the first outlet to report this news.
Before joining Zepto in April 2024, Bagga boasted over 27 years of experience in supply chain management, having previously worked with Raymond and Reliance Retail. These recent leadership changes occur as Zepto plans to move its headquarters and workforce from Mumbai to Bengaluru.
Founded in July 2021 by Aadit Palicha and Kaivalya Vohra, Zepto delivers groceries and essential items within a remarkable 10-minute timeframe via its dark store model. The company began the year with 300 stores and has successfully expanded to over 750 locations, competing against other major players such as Swiggy Instamart, Blinkit, Flipkart Minutes, and Tata Bigbasket.
Zepto is poised for its planned IPO in 2025, having engaged Goldman Sachs, Morgan Stanley, and Axis Capital as financial advisors. As part of its pre-IPO strategy, the company aims to increase domestic shareholding while scaling back foreign investor involvement, intending to raise over $500 million through the public offering. Additionally, Zepto recently appointed Shashank Shekhar Sharma as Chief Experience Officer (CXO) for Zepto Café, where he will oversee operations, expansion, equipment procurement, quality control, and customer experience.
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