Zomato’s parent company Eternal has announced that its founder and group CEO Deepinder Goyal will relinquish his executive role after 18 years.
After his departure, Albinder Singh Dhindsa, the head of its quick commerce business Blinkit, will assume the position from 1 February 2026.
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In a regulatory filing, the company said Goyal had resigned as director, managing director and CEO, effective at the close of business on that date.
Dhindsa will be appointed CEO on 1 February while the board has proposed Goyal’s reappointment as director and vice chairman, subject to shareholder approval.
In a letter to investors, Goyal wrote: “I am going to step away from the group CEO role, and subject to shareholders’ approval, will remain on the board of directors as vice chairman. Albinder Dhindsa (Albi) will be Eternal’s new group CEO.”
He said the decision was driven by a desire to pursue higher-risk initiatives outside the remit of a listed company CEO.
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By GlobalDataGoyal added: “Of late, I have found myself drawn to a set of new ideas that involve significantly higher-risk exploration and experimentation. The expectations, legal and otherwise, of a public company CEO in India demand singular focus. This transition allows Eternal to remain sharply focused, while giving me the space to explore ideas that do not fit Eternal’s risk profile.”
Goyal said he would continue to contribute to long-term strategy, culture, leadership development, and ethics and governance while day-to-day operations would pass to Dhindsa.
Goyal founded Zomato in 2008 and steered it to a stock market debut in 2021.
The group rebranded as Eternal following its 2022 purchase of Blinkit, which has since become its largest revenue contributor.
Alongside the leadership update, Eternal released results for the third quarter ended 31 December 2025.
At the consolidated level, adjusted revenue surged 190% to Rs166.92bn ($1.82bn), reflecting an accounting change in quick commerce related to inventory ownership.
Food delivery net order value (NOV) climbed 16.6% year-on-year (YoY) and 4.5% quarter-on-quarter while gross order value (GOV) advanced 21.3% from a year earlier.
Adjusted EBITDA margin reached 5.4% of NOV, producing Rs5.31bn for the quarter, up 26% on the previous year. Meanwhile, consolidated adjusted EBITDA rose 28% to Rs3.64bn.
Quick commerce NOV more than doubled, rising 121% YoY and 14% sequentially, with like-for-like growth above 130%.
The unit added 211 net new stores, bringing the total to 2,027, and reported its first quarterly positive adjusted EBITDA of Rs40m, compared with a loss of Rs1.56bn in the prior quarter.
Hyperpure, the restaurant supply arm, delivered a 33% YoY NOV growth and recorded an adjusted EBITDA profit of Rs10m.
