Zepto VP central operations Jitendra Bagga resigned after nine months, following the company’s relocation to Bengaluru
Before Zepto, Bagga spent three years at Raymond Limited and 24 years at Reliance Retail leading logistics operations
The exit follows several senior-level departures in 2024, including CHRO Martin Dinesh Gomez, as Zepto raised $1.35 Bn funding
Zepto
VP central operations Jitendra Bagga has resigned from the quick commerce startup after a nine-month stint.
Bagga, who headed mother hubs and line haul projects in the warehousing division, joined Zepto in April 2024. His exit comes at a time when the startup has expanded its dark store network from 300 to more than 750 locations.
Before joining Zepto, Bagga served as head of distribution and logistics at Raymond Limited for three years. His longest stint was at Reliance Retail, where he spent 24 years handling various roles including heading JioMart projects and operations centre during 2019-2021.
At Reliance Retail, he also led distribution and logistics projects for Reliance Digital Limited between 2015-2019, while managing distribution centre operations for various retail formats including Marks & Spencer and Vision Express.
The exit adds to the growing list of senior departures at Zepto in 2024. CHRO Martin Dinesh Gomez left in October after serving less than a year. The company appointed Chandan Mendiratta, who joined as chief brand officer in January, to take over the HR function as chief culture officer.
Other exits include Manik Oberoi, former VP of growth and retention, and Viral Jhaveri, former chief business officer who left in June 2024 after a two-and-a-half year stint. Ashish Shah, former senior VP of finance, also departed earlier this year.
These exits come as Zepto raised significant capital in 2024 – $350 Mn from domestic investors in November, following earlier rounds of $340 Mn in August and $665 Mn in June at a $5 Bn valuation.
Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto reported its gross merchandise value crossed $1 Bn in FY24, with 75% of its dark stores achieving EBITDA positivity by May 2024. The startup plans an IPO in the next couple of years and is shifting its base to India.
Sources said Bagga left because of the company’s move to Bengaluru from Mumbai. Zepto might fill Bagga’s position internally as the company is currently focused on limiting external hiring.
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