BREAKING: Deepinder Goyal Resigns As CEO of Zomato’s Parent Company Eternal

Deepinder Goyal, co-founder of Eternal Ltd., the parent company of Zomato and Blinkit, has stepped down as Chief Executive Officer and Managing Director of the company, the board said in a regulatory filing. The resignation takes effect from February 1, 2026.

In a letter addressed to shareholders, Goyal said he is stepping aside to pursue initiatives that do not fit within Eternal’s current strategic framework.

“Of late, I have found myself drawn to a set of new ideas that involve significantly higher-risk exploration and experimentation,” Goyal wrote. “These are the kinds of ideas that are better pursued outside a public company like Eternal.”

He added that if those ideas were aligned with Eternal’s strategic direction, he would have continued to pursue them within the company.

“If these ideas belonged inside Eternal’s strategic scope, I would have pursued them within the company. They do not,” Goyal wrote.

He further wrote, "Eternal deserves to remain focused, and disciplined, while exploring new areas of growth that are relevant to its current line of business.

While I believe I personally have the bandwidth to continue what I am doing at Eternal, and also explore new ideas outside of it, the expectations, legal and otherwise, of a public company CEO in India demand singular focus."