Deepinder Goyal steps down as Eternal’s Group CEO

Albinder Dhindsa, who had co-founded Blinkit and joined Zomato when the quick commerce company got acquired, will take over the role as Eternal’s new Group CEO, Goyal said in the letter.

“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,” Goyal noted.

In recent times, Goyal has explored ventures outside of Eternal, including setting up aviation startup LAT Aerospace, and running longevity focused research initiative at Continue.

Recently, Moneycontrol had reported that Goyal is in talks to invest $25 million in spacetech startup Pixxel’s new funding round.

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This transition means that Dhindsa will oversee daily execution, operating priorities, and business decisions. Goyal added that Blinkit remains Eternal’s largest growth opportunity and Dhindsa‘s “top priority”.

Goyal had co-founded Zomato in July 2008, along with Pankaj Chaddah, and saw it through becoming a unicorn and making a successful listing on public bourses in 2021.

“I believe Eternal is not going to lose focus or momentum through this change. Rather, it is reinforcing its institutional strength. And personally, I gain the flexibility to explore ideas that sit outside Eternal’s scope, without compromising the company’s priorities,” he said.

(The copy was updated with additional inputs.)