Eternal CEO Deepinder Goyal Resigns; Blinkit’s Albinder Singh Dhindsa to Take Charge

We begin with big news in India’s startup world. Deepinder Goyal, co-founder and CEO of Eternal Ltd, has stepped down from his role. His resignation takes effect on February 1, 2026. In his place, Albinder Singh Dhindsa, the CEO of Blinkit, will take charge as the new Group CEO. This marks a major shift for one of India’s largest internet companies. Eternal is the parent of tech giants like Zomato and Blinkit, making this change impactful for investors, employees, and the market.

Who is Deepinder Goyal?

• Co-founder of Zomato: Deepinder Goyal co-founded Zomato in 2008.
• Built Zomato into a major brand: He grew it from a restaurant-search site to a listed company.
• Expanded business scope: Zomato now includes food delivery, quick commerce, and logistics.
• IPO milestone: Zomato’s IPO in 2021 was one of India’s biggest tech IPOs.
• Reason for resignation: He wants to explore high-risk ideas outside Eternal.
• Why he resigned: He said high-risk experiments don’t fit a public company structure.
• Future role: He will become Vice Chairman, subject to shareholder approval.
• Daily operations: He will not manage daily operations after stepping down.

Who is Albinder Singh Dhindsa?

• Blinkit founder: Albinder Singh Dhindsa founded Blinkit, known for fast grocery delivery.
• Growth under his leadership: Blinkit grew rapidly and became a major part of Eternal after the acquisition.
• Educational background: He studied at IIT Delhi and Columbia University.
• Career start: He started in corporate roles before becoming an entrepreneur.
• Leadership style: Known for strong operations and fast execution.
• New role at Eternal: He will handle day-to-day operations as Group CEO.
• Why he was chosen: Goyal said Dhindsa’s experience makes him the right choice.

What This Leadership Change Means for Eternal

• Timing of change: This comes after strong financial results in FY26.
• Profit growth: Eternal reported a 73% YoY profit jump in Q3 FY26.
• Revenue growth: Revenue also grew sharply, showing strong demand.
• Operational focus: Dhindsa will strengthen core operations and execution.
• Goyal’s new focus: Goyal can now explore new ideas outside the company.
• Investor reaction: Eternal shares gained after the announcement.
• Culture shift: Dhindsa’s style is more execution-driven than Goyal’s founder-led style.
• Market watch: Investors will watch how strategy and performance change under new leadership.

Why This Matters in the Startup World

• Common trend: Founders often step aside as startups mature and go public.
• Public company demands: CEOs must follow strict compliance and investor focus.
• Goyal’s reason: He wants to pursue higher-risk ideas that don’t fit a public company.
• Founder shift trend: Many founders leave day-to-day roles after stability is reached.
• Internal promotion: Promoting Dhindsa shows confidence in Eternal’s leadership pipeline.
• Sign of maturity: This move suggests Eternal is ready for the next growth phase.

Conclusion

Deepinder Goyal’s resignation as Eternal CEO marks a notable moment in India’s tech and startup narrative. He steps down to chase new ideas after nearly two decades of leadership, while Albinder Singh Dhindsa takes the helm to guide the company’s daily operations from February 1, 2026. We from the industry see this as a natural evolution. Eternal remains financially strong and strategically positioned in food delivery and quick commerce. Dhindsa’s focus on operational execution could help the company grow even more. At the same time, Goyal’s shift shows how founders can evolve and pursue fresh visions.

For investors and market watchers, the coming months will reveal how this leadership change influences Eternal’s direction and performance. One thing is clear: this is a big moment for the company’s future.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.