On January 21, 2026, India’s tech and startup world was taken by storm with the announcement that Deepinder Goyal, co-founder and long-time Group CEO of Eternal Ltd. (formerly Zomato Ltd.), is stepping down from his executive role, effective February 1, 2026. This marks a landmark leadership transition for one of India’s most influential consumer internet companies.
Who is Deepinder Goyal?
Zomato was launched in 2008 as a simple restaurant discovery platform, later transforming into a food delivery powerhouse. The company scaled rapidly, culminating in a blockbuster IPO in 2021 and major acquisitions in 2022, including the quick-commerce firm Blinkit. The company was rebranded as Eternal, a holding structure that brings together Zomato, Blinkit, and other businesses. For nearly 18 years, Goyal was the face of the company, an innovator, a captain of growth, and the architect of one of India’s most valuable internet brands.
Why Did Deepinder Goyal Step Down?
Goyal wrote that in recent months he’s been drawn to ideas and ventures that don’t fit within the risk framework of a public company like Eternal. He believes these future-focused initiatives which may be bold, long-term, and unconventional are better explored outside the constraints of running a listed business. Public companies demand singular focus He noted that the legal and managerial responsibilities of being a public company CEO in India require undivided attention, leaving little room for risk-heavy experimentation
A strategic leadership shift By stepping aside, Goyal said Eternal can remain “focused and disciplined”, while he pursues explorations that excite him personally and intellectually Yet, he emphasized this isn’t a farewell This is a change in title, not in commitment toward outcomes. Eternal remains my life’s work
What Will Deepinder Do Next?
While Goyal steps back from day-to-day operations, he isn’t retiring or leaving the tech ecosystem. In recent months he has been active across several ambitious initiatives including: Continue Research a longevity-focused venture investigating human health and aging; Temple a device and project linked to brain health and monitoring Investments in aerospace and technology startups e.g. LAT Aerospace and others mentioned in media reports
Who’s Taking Over?
The baton of leadership has been passed to Albinder Singh Dhindsa, the CEO and founder of Blinkit a business that has grown from a post-acquisition unit into one of Eternal’s core growth drivers. About Albinder Dhindsa Formerly led Zomato’s international operations before founding Blinkit in 2014. Under his leadership, Blinkit has become one of India’s fastest-growing quick-commerce platforms His appointment as Group CEO of Eternal positions him to guide the company’s strategic execution and daily operations from February 1, 2026
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What This Means for Eternal
Operational control shifts squarely to Dhindsa, marking a shift toward an execution-centric leadership model Goyal will continue to influence long-term strategy, company culture, leadership development, and governance as Vice Chairman (pending approval). Company Performance Eternal’s financials show the business is not under duress quite the opposite Consolidated revenue jumped ~200% YoY in the last quarter Net profit increased ~73% YoY; quick commerce continues to drive momentum.
Industry & Market Impact Eternal’s share price reacted positively to the news, reflecting investor confidence in the transition’s clarity and timing. Meanwhile, the spotlight on Blinkit’s expanding role highlights how quick commerce now rivals traditional food delivery as a key revenue driver. Deepinder Goyal one of India’s most influential tech founders — is stepping down as CEO of Eternal Ltd., effective February 1, 2026 He cited a desire to pursue higher-risk, innovative ideas outside the strict framework of a public compan
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