"Deepinder Goyal, the co-founder and CEO of food delivery service Zomato and its parent Eternal, is stepping down from his role and handing the top job to Albinder Dhindsa, the CEO of its quick-commerce division Blinkit. Goyal on Wednesday said he would remain on Eternal's board as vice chairman as he shifts focus to "higher-risk exploration and experimentation," which he says may be harder to pursue within the constraints of a listed company."
"Goyal co-founded Zomato with Pankaj Chaddah in 2008 as a restaurant discovery and reviews platform called FoodieBay while both were working at Bain & Company. In 2009, they quit to focus on the business full-time, and rebranded it as Zomato in 2010 amid a naming conflict with eBay, before expanding into food delivery in 2015. Chaddah left the company in 2018, and Zomato later consolidated its position by acquiring Uber Eats' India business in 2020, and Blinkit (formerly Grofers) for $568 million in 2022."
Deepinder Goyal is relinquishing the CEO role at Eternal and Zomato and will serve as vice chairman while focusing on higher-risk exploration and experimentation. Albinder Dhindsa, CEO of Blinkit, will assume the CEO position. Goyal emphasized that the change is a title adjustment and affirmed continued commitment to outcomes and to Eternal as his life's work. Zomato began as FoodieBay in 2008, rebranded in 2010, expanded into delivery in 2015, and strengthened through acquisitions including Uber Eats' India and Blinkit. Eternal reported strong quarterly growth with profit up about 73% and adjusted revenue up 190%, while Blinkit led order-value growth.
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