Deepinder Goyal
Deepinder Goyal, founder and CEO of Eternal, the parent company of Zomato and Blinkit, has resigned from his post. The company has given this information in the filing given to the stock exchange. The company has said that now Blinkit’s founder and CEO Albinder Dhindsa has been made the new CEO, and this change will be effective from February 1.
Deepinder Goyal said in a letter to the shareholders that in recent times his inclination has increased towards new ideas, which involve more risk and experimentation. He said that it is better to conduct such experiments outside a public company, hence he took this decision.
Albinder Dhindsa will take over the company
Goyal said that now Albinder Dhindsa will take charge of the day-to-day decisions and operations of the company. He said that Dhindsa has played a big role in taking Blinkit to break-even after the acquisition and he is fully capable of leading Eternal. Under this change, the stock options received by Goyal which were not yet vested will now go back to the company’s ESOP pool.
Goyal will now focus on these projects
Deepinder Goyal started Zomato along with Pankaj Chadha in the year 2008. Earlier its name was Foodiebay, which was a platform to show restaurant menus and reviews, but later it became the biggest food delivery company of the country.
In the last one year, Goyal has started work on many new projects outside Eternal. He has invested in ventures related to deeptech, longevity and personal research. He invested $20 million in a startup called LAT Aerospace, started a health and wellness project called Continue, and recently introduced a new device called Temple, which monitors blood flow in the brain.