Zomato founder Deepinder Goyal to step down as group CEO

Leadership Transition - Deepinder Goyal, founder and group CEO of Zomato's parent company Eternal, will step down from his executive role after 18 years, effective February 1, 2026 [1][2] - Albinder Singh Dhindsa, head of the quick commerce business Blinkit, will take over as the new group CEO on the same date [1][2] - Goyal will remain on the board as vice chairman, pending shareholder approval, and will focus on long-term strategy and governance while Dhindsa manages day-to-day operations [2][3] Company Performance - Eternal reported a significant increase in adjusted revenue for the third quarter ended December 31, 2025, with a surge of 190% to Rs166.92 billion ($1.82 billion) [4] - Food delivery net order value (NOV) increased by 16.6% year-on-year and 4.5% quarter-on-quarter, while gross order value (GOV) rose by 21.3% year-on-year [5] - Adjusted EBITDA margin reached 5.4% of NOV, generating Rs5.31 billion for the quarter, a 26% increase from the previous year [5] Quick Commerce Growth - Quick commerce NOV more than doubled, increasing by 121% year-on-year and 14% sequentially, with like-for-like growth exceeding 130% [5] - The quick commerce unit added 211 net new stores, bringing the total to 2,027, and achieved its first quarterly positive adjusted EBITDA of Rs40 million, compared to a loss of Rs1.56 billion in the prior quarter [6]