Zomato founder and CEO Deepinder Goyal has stepped down from his role following shareholder approval and a board-level reshuffle at Eternal, the parent company of Zomato and Blinkit. Albinder Dhindsa, co-founder and CEO of Blinkit, has been appointed as the new CEO, while Goyal will continue on the board as Vice Chairman.
Deepinder Goyal has resigned as CEO of Zomato after shareholders approved changes to the board of Eternal, the holding company that owns both Zomato and Blinkit.
In his address to shareholders, Goyal explained that his interests have increasingly shifted toward high-risk, experimental ideas. He stated that pursuing such large-scale experimentation is more practical outside the framework of a publicly listed company, which led him to take this decision.
Despite stepping down as CEO, Deepinder Goyal will remain involved with the company as Vice Chairman of Eternal’s board.
Deepinder Goyal is one of India’s most well-known startup founders and the co-founder and former CEO of Zomato.
Native of Muktsar, Punjab
Studied at IIT Delhi
Worked as a consultant at Bain & Company before starting Zomato
Founded in 2008 with co-founder Pankaj Chaddah
Initially launched as Foodiebay
The idea started by uploading photos of restaurant menu cards from office cafeterias
Under Goyal’s leadership, Zomato expanded beyond food delivery into:
Dining-out services
Quick commerce through Blinkit
Zomato became one of India’s first major tech startups to list on the stock market in 2021.
Albinder Dhindsa, co-founder and CEO of Blinkit (formerly Grofers), has been appointed as the new CEO of Eternal.
Alumni of IIT Delhi
Holds an MBA from Columbia Business School
Previously worked at Bain & Company, alongside Deepinder Goyal
Founded Grofers in 2013 with Saurabh Kumar
Rebranded it as Blinkit in 2021
Focused on the 10-minute delivery model, pioneering quick commerce in India
Zomato acquired Blinkit in 2022
Since then, Dhindsa has led Blinkit, which has become one of the most successful and profitable units within Zomato’s ecosystem
Considered an expert in logistics and supply chain
Successfully implemented the dark store model in India, enabling ultra-fast deliveries
Deepinder Goyal and Albinder Dhindsa:
Are both IIT Delhi alumni
Have worked together earlier at Bain & Company
Share a long professional association
Currently, Blinkit operates as a key part of the Zomato (Eternal) business, strengthening the leadership continuity.
Eternal reported strong financial performance in the December quarter (Q3 FY26):
Consolidated net profit: ₹102 crore
Up 73% year-on-year from ₹59 crore last year
Revenue from operations: ₹16,315 crore
The results reflect the company’s continued growth across food delivery and quick commerce segments.