Zomato founder Deepinder Goyal to step down as group CEO

Zomato's genitor institution Eternal has announced that its laminitis and radical CEO Deepinder Goyal volition relinquish his enforcement relation aft 18 years.

After his departure, Albinder Singh Dhindsa, the caput of its speedy commerce concern Blinkit, volition presume the presumption from 1 February 2026.

In a regulatory filing, the institution said Goyal had resigned arsenic director, managing manager and CEO, effectual astatine the adjacent of concern connected that date.

Dhindsa volition beryllium appointed CEO connected 1 February portion the committee has projected Goyal’s reappointment arsenic manager and vice chairman, taxable to shareholder approval.

In a missive to investors, Goyal wrote: “I americium going to measurement distant from the radical CEO role, and taxable to shareholders’ approval, volition stay connected the committee of directors arsenic vice chairman. Albinder Dhindsa (Albi) volition beryllium Eternal's caller radical CEO.”

He said the determination was driven by a tendency to prosecute higher-risk initiatives extracurricular the remit of a listed institution CEO.

Goyal added: “Of late, I person recovered myself drawn to a acceptable of caller ideas that impact importantly higher-risk exploration and experimentation. The expectations, ineligible and otherwise, of a nationalist institution CEO successful India request singular focus. This modulation allows Eternal to stay sharply focused, portion giving maine the abstraction to research ideas that bash not acceptable Eternal’s hazard profile.”

Goyal said helium would proceed to lend to semipermanent strategy, culture, enactment development, and morals and governance portion day-to-day operations would walk to Dhindsa.

Goyal founded Zomato successful 2008 and steered it to a banal marketplace debut successful 2021.

The radical rebranded arsenic Eternal pursuing its 2022 acquisition of Blinkit, which has since go its largest gross contributor.

Alongside the enactment update, Eternal released results for the 3rd 4th ended 31 December 2025.

At the consolidated level, adjusted gross surged 190% to Rs166.92bn ($1.82bn), reflecting an accounting alteration successful speedy commerce related to inventory ownership.

Food transportation nett bid worth (NOV) climbed 16.6% year-on-year (YoY) and 4.5% quarter-on-quarter portion gross bid worth (GOV) precocious 21.3% from a twelvemonth earlier.

Adjusted EBITDA borderline reached 5.4% of NOV, producing Rs5.31bn for the quarter, up 26% connected the erstwhile year. Meanwhile, consolidated adjusted EBITDA roseate 28% to Rs3.64bn.

Quick commerce NOV much than doubled, rising 121% YoY and 14% sequentially, with like-for-like maturation supra 130%.

The portion added 211 nett caller stores, bringing the full to 2,027, and reported its archetypal quarterly affirmative adjusted EBITDA of Rs40m, compared with a nonaccomplishment of Rs1.56bn successful the anterior quarter.