Zepto VP Jitendra Bagga Resigns, Marking Another Top-Level Exit

Bagga was responsible for overseeing the warehousing division, which included managing mother hubs (MH) and line haul (LH) projects

Both executives resigned at a time when Zepto was in the midst of relocating its headquarters and employees from Mumbai to Bengaluru

Source : Zepto Facebook

Zepto's Vice President of central operations, Jitendra Bagga, has resigned after a nine-month tenure, making him the second top executive to leave the quick commerce company within a month. The company confirmed the same stating that there are no immediate plans to replace Bagga, according to a Business Standard report.

Bagga was responsible for overseeing the warehousing division, which included managing mother hubs (MH) and line haul (LH) projects. Prior to joining Zepto in April 2024, Bagga worked for three years at Raymond Limited and spent over 24 years at Reliance Retail.

This resignation follows the recent departure of Zepto's Chief Human Resource Officer, Martin Dinesh Gomez, who left earlier this month after an 11-month tenure.

Both executives resigned at a time when Zepto was in the midst of relocating its headquarters and employees from Mumbai to Bengaluru. One of the main reasons for Bagga's departure is that he is based in Mumbai, and relocating to Bengaluru posed a challenge, according to a source who spoke to Moneycontrol.

As competition intensifies among quick commerce companies, Zepto, which currently operates a network of over 550 dark stores, is looking to expand its presence. The company also plans to go public in 2025.

Other notable exits at Zepto this year include Viral Jhaveri, former Chief Business Officer/Chief Growth Officer, Ashish Shah, Senior Vice President of Finance, and Manik Oberoi, Vice President of Growth and Retention.

These developments come as Zepto prepares for its planned public market debut in 2025. The company has selected Goldman Sachs, Morgan Stanley, and Axis Capital as its bankers for the Initial Public Offering (IPO). In addition, Zepto has been boosting its domestic shareholding while reducing the stake of foreign investors in anticipation of its $500-million-plus IPO.