Deepinder Goyal resigns from Eternal, formerly Zomato:To remain on company’s board; Blinkit CEO Dhindsa, to replace him as Group CEO

Deepinder Goyal, the co-founder of the e-commerce company, Eternal (formerly Zomato) has resigned from the post of Director, Managing Director (MD) and Chief Executive Officer (CEO) of Eternal, according to an exchange filing on the BSE. Eternal’s Board accepts resignation The company’s Board has accepted the resignation of Deepinder Goyal, which will be effective from the close of business hours on Sunday, 1 February, 2026. Goyal to contest to become Director on the company’s Board The e-commerce company’s Board also recommended the appointment of Goyal as the Vice Chairman Director on the Board, effective upon shareholders’ approval. Blinkit CEO to take over Eternal Eternal’s Board approved the appointment of Albinder Singh Dhindsa (currently, CEO-Blinkit) as CEO and Key Managerial Personnel of the company with effect from 1 February 2026. Goyal pens down emotional letter to shareholders on resignation: The outgoing CEO penned down a letter to the sharehodlers stating reasons begind his resignation. He said, “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. If these ideas belonged inside Eternal s strategic scope, I would have pursued them within the company. They do not. Eternal deserves to remain focused, and disciplined, while exploring new areas of growth that are relevant to its current line of business.” To read the entire letter click here…
Goyal’s resignation follows nationwide protests from delivery agents in recent past! Goyal’s resignation follows nationwide protests from delivery agents in the recent past! Due to dissatisfaction over low earnings and pressure from ultra-fast delivery timelines, gig workers from companies such as Swiggy, Zomato, Blinkit, and Zepto had sat on strike on 31 December 2025 ahead of New Year 2026. Similar protests were held on 25 December during Christmas, with workers demanding an end to the 10-minute delivery model. Eventually, after the Union Labour Minister Mansukh Mandaviya’s intervention, e-commerce companies like Blinkit, Zepto, Swiggy Instamart, Flipkart Minutes removed the “10-minute delivery” claim from their branding. Eternal’s December 2025 quarter results: The e-commerce company also reported 72.88% rise in consolidated net profit at ₹102 crore for December quarter of FY26. In the year-ago period, the company logged a profit of ₹59 crore. During the third quarter, Eternal’s revenue from operations increased to ₹16,315 crore from ₹5,405 crore in the corresponding period of the last fiscal.
However, total expenses also shot up to ₹16,493 crore in the quarter from ₹5,533 crore a year ago.