Eternal’s Deepinder Goyal Resigns, Blinkit CEO Albinder Dhindsa to Take Over

Deepinder Goyal, founder and CEO of Eternal, the parent company of Zomato, is stepping down from his position. Blinkit’s CEO, Albinder Dhindsa, will replace him on February 1, as Goyal remains on the board of directors as vice chairman. 

“Of late, I have found myself drawn to a set of new ideas that involve significantly higher risk exploration and experimentation…If these ideas belonged inside Enternal’s strategic scope, I would have pursued them within the company. They do not,” Goyal posted his statement on X. 

This announcement follows the board meeting held on January 21, during which the unaudited financial results for the quarter and the nine months ended on December 31 were approved. Eternal reported a 73% YoY surge in net profit in Q3 FY26 to ₹102 crore, while revenue from operations jumped 3x

Goyal stressed that he, Dhindsa, and Akshant will continue to work closely, and that all business CEOs will continue to operate with autonomy. As the Group CEO, Dhindsa will be responsible for daily operations, prioritising tasks, and making business decisions, Goyal stated, noting that he managed Blinkit's transition from acquisition to profitability and is "more than equipped to lead Eternal" in that role.

Goyal added, “As part of this transition, all of my unvested ESOPs will revert to the ESOP pool,” to ensure that Eternal continues to have “meaningful wealth creation opportunities for its next generation of leaders, while strengthening long-term retention without incremental shareholder dilution.”

Goyal co-founded Zomato, initially named Foodiebay, in 2008 with Pankaj Chaddah as a platform for restaurant menus and reviews that grew into a food delivery leader.

In the past year, he has explored various deep tech and longevity projects outside of Eternal. ET reported in March that Goyal invested $20 million in LAT Aerospace, co-founded by former Zomato COO Surobhi Das, where he is a non-executive cofounder. 

He also launched Continue, a health and wellness initiative focused on extending lifespan, which evolved from a "personal wellness team" into a research project. His latest venture is Temple, a device for monitoring brain blood flow, which he recently showcased on social media.

He added on X that he wants “Eternal to become India’s most valuable company,” while asserting that the company will not lose momentum through this change. However, he’s sure that this change will give him the space to “explore ideas that sit outside Eterna’s scope, without compromising the company’s priorities.”