Goyal will be appointed as the Vice Chairman & Director on the Board, it said in a stock exchange filing.
Goyal founded Zomato 18 years ago.
Albinder Singh Dhindsa (currently, CEO-Blinkit) will succeed Goyal as Chief Executive Officer. Dhindsa is founder of Blinkit.
Prior to founding Blinkit, Albinder worked as the Head of International Expansion at Zomato, where he was responsible for the company’s global expansion mandate.
He graduated with a Bachelor of Technology degree in Civil Engineering from IIT Delhi, followed by an MBA from Columbia University, New York.
“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,” Goyal said in his letter to shareholders.
This transition allows Eternal to remain sharply focused, while giving me the space to explore ideas that do not fit Eternal’s risk profile, he said.
Read full text of Goyal’s letter here: https://www.bseindia.com/xml-data/corpfiling/AttachLive/a6aca016-eb60-4556-89c2-bac1daf5d587.pdf
