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After announcing the move on January 21, Goyal has now submitted his formal resignation, even as he is set to remain on Eternal’s board as vice chairman, subject to shareholder approval.
'If you used to work at Zomato, whether you chose to move on, or I was the one who asked you to leave, this is for you,'Deepinder Goyal wrote in a public message addressed to alumni of the food delivery and quick-commerce company.
Despite online conjecture, Deepinder Goyal has positioned the transition as a shift of operational control rather than an exit. He added that Eternal 'remains my life’s work' and that his financial future remains closely tied to the company, even as he steps away from day‑to‑day execution.
Bound by a two-decade friendship and deep personal ties to Zomato — including Dhindsa’s wife Akriti Chopra being among its early co-founders — Deepinder Goyal's trust in Albinder Dhindsa has endured doubt, tension and testing to culminate in the group’s biggest leadership bet yet.
CFO Akshant Goyal said the drag on earnings stemmed from investments in building and operating kitchen infrastructure in-house, rather than a marketplace-led approach
Of late, I have found myself drawn to a set of new ideas that involve significantly higher-risk exploration and experimentation. These are the kinds of ideas that are better pursued outside a public company like Eternal, says Goyal
Moneycontrol has reported in the past Goyal has been spending more time raising funds for his other ventures, such as Temple and also leading rounds in space tech company Pixxel and more.
“I had sent him a message purely from the respect for whatever he does... But he said he doesn’t have time and then proceeded to share six lengthy posts. That’s when I figured he only has the time for bullsh**,' Zomato and Eternal CEO Deepinder Goyal said of Kerala-based liver specialist and influencer, The Liver Doc.
The Zomato CEO also refuted allegations that the chief of staff announcement was a publicity stunt. 'It was not a PR stunt,' Deepinder Goyal said. 'I genuinely wanted those applications.'
LAT Aerospace is backed by Deepinder Goyal. He has reportedly invested $20 million of the startup’s roughly $50 million raised so far.
Goyal said India’s food delivery and quick commerce platforms were enabling economic mobility at a time when formal job creation remains constrained
Zomato acquired Blinkit, then known as Grofers, in 2022 for Rs 4,447 crore, or about $568 million at the time, in an all-stock deal
The defence follows nationwide delivery worker strikes in late December that triggered renewed scrutiny of platform pay, safety and working conditions, even as food delivery and quick commerce firms reported largely business-as-usual operations during the New Year rush.
The record performance comes as rival Swiggy also reported a record surge in New Year’s Eve sales, despite gig worker unions claiming widespread participation by delivery workers in strike calls on December 31.
While the commitments for a $55-60 million fundraise are already in, talks are still ongoing and Pixxel might end up upsizing the round to around $80-100 million, sources told Moneycontrol
The institutional funds backing Temple are the same ones who invested in Zomato during its early days. From Steadview to Vy Capital and Info Edge to Peak XV Partners, all the funds have been associated with Goyal during the early days of Zomato. Temple is being valued at around $125 million, sources told Moneycontrol.
The longevity initiative has released early findings linking passive inversions to improved brain blood flow, backed by a recent $25 million personal investment from the Eternal CEO.
Incubated by Deepinder Goyal in 2024, Continue is backed by a personal corpus of about Rs 221 crore to fund research into human biology and aging.
While he has not decided if he will publish a book, and a name for it yet, Bansal said when he begins to work on the idea, he would title it “Vision for Billion”.
Moneycontrol was first to report in October 2024 Zomato’s Goyal has incubated ‘Continue’, a longevity venture around health tracking and mental wellness.
Quick commerce now accounts for nearly half of Eternal’s annualised net order value (NOV), with Blinkit surpassing food delivery on key metrics.
Deepinder Goyal said LAT Aerospace is a startup focused on building planes for regional aviation and "has not bought any private jet." He added that the company is not in the business of buying planes.
Aditya Mangla will be taking over from Rakesh Ranjan, whose departure was first reported by Moneycontrol in April this year.
Deepinder Goyal’s bet on the aviation venture could redefine regional air travel in India which is at a nascent stage, as uncertainty remains over regulatory clearance, technological capability and public adoption
Concluding his post, Kiran Verma tagged Zomato CEO Deepinder Goyal, expressing appreciation for the impact such policies have on gig workers. He wrote, 'Thank you Deepinder Goyal for building hope in such an impactful way. Hope you all are close to your families celebrating the festival and not like millions of gig workers, who are supporting us to creating those moments into memories.'
