Building Instamart took a toll on my Well Being: says Karthik Gurumurthy in signoff note
Ten News Network
New Delhi (India), 31st March 2023: Karthik Gurumurthy, who is leaving his position as CEO of Swiggy’s quick shopping company Instamart, claimed that starting the company from scratch since 2020 had worn him out and taken a toll on him.
Karthik shared a post on the professional networking platform LinkedIn to express his feelings. His post read, “I have loved being a part of this journey but this journey has been arduous with a lot of compromises on physical and mental wellbeing.”
He further added, “I plan to take a sabbatical now to come back afresh and build something (0-1), something which I have loved.”
Expressing his gratitude he said that he is humbled to see how big the company has grown today, to the point where it is almost a billion dollar enterprise.
He said that the business is still booming today, they have great relationships with their brand partners, and a few of their stores are already profitable. Stating a metaphor Karthik said that ‘it just feels like the seed has grown into a sampling and now a large, powerful oak’
Gurumurthy would soon be stepping aside and cofounder Phani Kishan Addepalli would be replacing him and taking over as the CEO of Swiggy Instamart.