People · Commerce & Consumer Brands

Eternal founder Deepinder Goyal steps down as group CEO

By Startup Enthusiast · 21 January 2026

What they do

Eternal operates Zomato food delivery and Blinkit quick commerce services

Deepinder Goyal resigns as Group CEO on Feb 1 while Albinder Dhindsa takes over

Goyal leaves to pursue aerospace ventures as Blinkit revenue surpasses Zomato's food business

Deepinder Goyal is resigning as Group CEO of Eternal Limited effective 1 Feb 2026.
Albinder Singh Dhindsa is appointed as the new Group CEO and Key Managerial Personnel.
Goyal will serve as Vice Chairman for a five-year term subject to shareholder approval.
His unvested employee stock options will revert to the company’s ESOP pool upon departure.
The leadership change coincides with strong financial performance across Eternal’s business units.
Blinkit achieved profitability in Q3 FY26 while its revenue significantly outpaced Zomato's food delivery segment.
Goyal plans to focus on high-risk exploration projects outside the scope of the public company.
Eternal maintains a decentralized structure where each business unit continues to be run by its own CEO.

Quick commerce has become hyper-competitive since 2023 with significant capital burn for market share.
Competitors like Swiggy and Zepto have raised substantial funds preparing for potential IPOs.
Food delivery growth is decelerating in key urban markets due to approaching saturation levels.

Eternal operates four main businesses: Zomato, Blinkit, District, and Hyperpure.
Zomato provides food delivery services with an operating revenue of INR 2,676 Cr in Q3 FY26.
Blinkit focuses on quick commerce groceries transitioning to an inventory-led model sourcing directly from brands.
Blinkit added 211 dark stores in Q3 FY26 bringing the total count to 2,027 locations.
Hyperpure supplies B2B restaurant ingredients generating INR 1,070 Cr in operating revenue last quarter.
District serves retail marketing and community functions within Eternal's ecosystem operations.
Eternal aims for 100% EV-based food deliveries by 2033 to achieve net-zero emissions.
Blinkit adjusted EBITDA turned profitable at INR 4 Cr compared to a loss in the prior quarter.
Zomato food delivery New Order Value grew 16% year-on-year to INR 9,846 Cr in Q3.

Goyal will pursue high-risk exploration including LAT Aerospace and Continue Research initiatives.
Temple wearable device project monitors cerebral blood flow based on gravity reduction hypotheses.
Eternal continues decentralized management with individual CEOs running distinct business verticals independently.