New Delhi, Jan. 24 -- Anupam Mittal, an entrepreneur and popular Shark Tank judge, has defended founders and chief executives officers who step down from their posts, calling it a sign of 'maturity', saying it is 'not a failure'.

In a LinkedIn post, Mittal said that the long-held idea that a founder must also remain CEO is outdated, a belief he noted many Indian founders have followed for years.

Mittal's remarks came shortly after Deepinder Goyal stepped down as Managing Director and CEO of Eternal, the parent entity of food-delivery platform Zomato and quick-commerce firm Blinkit.

The Founder and CEO of People Group said that startups today are growing faster than founders can grow as managers. He added that systems which work for a t...