Deepinder Goyal, the founder who transformed Zomato into India’s food delivery giant, is stepping down as CEO of Eternal Ltd, the rebranded parent company. Blinkit CEO Albinder Singh Dhindsa will succeed him as Group CEO, effective February 1, 2026, pending shareholder approval.
Goyal will shift to Vice Chairman of the board, staying involved in strategy, culture, and governance while chasing high-risk ventures outside the public company’s orbit. “Eternal remains my life’s work,” he wrote in a letter to shareholders, praising Dhindsa as a “battle-hardened founder” who drove Blinkit to breakeven after Eternal’s $568 million acquisition in 2022.
Dhindsa, who built Blinkit’s supply chain and team from scratch, steps up to oversee group-level execution. Eternal’s decentralized model persists, with Zomato and Blinkit each led by their own CEOs under Dhindsa’s umbrella. Goyal returns all unvested ESOPs to the pool for future leaders, keeping his financial stake aligned without extra dilution.
The move caps Goyal’s operational run at Eternal after steering it through IPO, hypergrowth, and quick commerce pivots. Investors shrugged off the news, with shares little changed Tuesday. Dhindsa now faces testing Blinkit’s profitability amid fierce competition from Swiggy Instamart and Zepto.
