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Blinkit could be bigger than Zomato in one year: Co-Founder Deepinder Goyal

Thehindubusinessline

Thehindubusinessline · 1y ago

Blinkit could be bigger than Zomato in one year: Co-Founder Deepinder Goyal

During the Startup Mahakumbh event, Blinkit CEO Deepinder Goyal discussed the potential of the quick-commerce platform, stating that it has the capacity to surpass Zomato, its parent company's food delivery business, within a year. He emphasized the importance of disrupting one's own businesses to stay ahead and revealed that Zomato is currently operating as its fourth version. Goyal also stressed the need for innovation and building a strong company culture, while also acknowledging the benefits of competition in driving growth. He advised start-up founders to align their spending with the potential returns.

Related News

Zomato’s Deepinder Goyal bets on health wellness space with new venture Continue

YourStory

YourStory · 10m ago

Zomato’s Deepinder Goyal bets on health wellness space with new venture Continue

Zomato Co-founder and Group CEO Deepinder Goyal has registered a new venture called "Continue". The company, which was incorporated in April this year, will focus on longevity ventures related to health tracking and mental wellness. It is not associated with Zomato and will operate independently. Deepinder Goyal has invested Rs 50,00,000 in the new venture. Several ex-Zomato executives have also joined Continue. Zomato, on the other hand, will continue to focus on its core businesses including Food Delivery, Blinkit, Hyperpure, and District. Zomato did not provide any comments on the new venture.

It's official: Zomato is now Eternal

Economic Times

Economic Times · 5m ago

It's official: Zomato is now Eternal

Zomato shareholders have approved a resolution to rename the company as Eternal Ltd. Eternal will encompass four verticals: Zomato (food delivery), Blinkit (quick commerce), District (going-out vertical), and Hyperpure (B2B grocery supply). This rebranding, initiated internally in 2022 following Blinkit's acquisition, aligns with organizational restructuring aimed at distinguishing the parent company from individual brands and recognizing Blinkit's growing significance, according to co-founder Deepinder Goyal.

Deepinder Goyal to enter health and mental fitness space with ‘Continue’

Entrackr

Entrackr · 10m ago

Deepinder Goyal to enter health and mental fitness space with ‘Continue’

Zomato co-founder and chief executive officer Deepinder Goyal has incorporated a new venture named Continue, which will focus on health tracking and mental wellness. However, the new venture is purely personal, with no Zomato involvement. Launched in April 2024 under the legal name Upslove Advisors Private Limited, the company’s shareholders—Deepinder Goyal (holding 99.9%) and Ashish Gotal (holding 0.1%)—contributed an initial capital of Rs 50 lakhs, as per a regulatory filing accessed from the Registrar of Companies (RoC) The domain Continue.com, marketed as “The Ultimate Health Tracker,” currently provides no additional details. The domain was registered under the new entity Upslove Advisors Private Limited. According to the RoC, Deepinder Goyal being the active director while Simrandeep Singh and Akriti Mehta have been appointed as additional directors of Upslove Advisors Private Limited. Based on their LinkedIn profiles, both Singh and Mehta have been with Zomato for the past 5 and 7 years, respectively. The new venture, Continue, is set to compete with Ultrahuman and Mindhouse, founded by former Zomato COO Mohit Kumar and co-founder Pankaj Chaddah, respectively. Notably, Goyal pumped in $10 million in Ultrahuman’s Series B funding. Zomato has shown a strong interest in the health and fitness segment, having previously acquired Fitso, which it later sold to Tata Digital-owned Curefit. With the launch of Continue (health), Deepinder Goyal now has his foot in several sectors, including food delivery (Zomato), quick commerce (BlinkIt), entertainment and ticketing (District), and B2B supplies (HyperPure). In July, Goyal entered the billionaire dollar club as the value of his holdings in Zomato surpassed Rs 8,400 crore ($1 billion). The move into new ventures might be surprising to some, as Zomato is hardly in cruise control mode as a business, despite moving into profits. The business remains volatile, with many issues that need addressing, besides sustaining profitability. Add to that the continuous parade of ‘co-founder’ exits, and one would imagine Goyal would have given a lot of thought to the move into a new personal project. The collegiate environment that has been projected at Zomato however fits in well with the move, with the firm showing a willingness to back ex-employees with ideas. One assumes Goyal has a plan to dilute his holdings in favour of relevant people who make an impact at Continue like the other ventures he has backed, without distracting him from his main job of running Zomato, as investors in the latter will also be hoping.

Blinkit Sees Decline In Market Share In Delhi NCR

Inc42 · 10m ago

Blinkit Sees Decline In Market Share In Delhi NCR

The market share of Zomato's subsidiary, Blinkit, in Delhi NCR has decreased to 40% from around 47% in recent quarters, according to Zomato founder and CEO, Deepinder Goyal. Goyal stated that while the initial focus was on strengthening its presence in Delhi NCR, Blinkit is now expanding and targeting other markets. He also mentioned that Blinkit is the leading player in terms of GMV in major metros, except for Chennai and Hyderabad.

Zomato CEO Deepinder Goyal marries former Mexican model Grecia Munoz: Report

IndianStartupNews

IndianStartupNews · 1y ago

Zomato CEO Deepinder Goyal marries former Mexican model Grecia Munoz: Report

Zomato Founder and CEO Deepinder Goyal reportedly got married to Mexican model and entrepreneur Grecia Munoz, with the couple tying the knot over a month ago. Munoz, who once pursued a career in modeling, is currently working on her luxury consumer products startup. This is Goyal's second marriage, and the couple recently returned from their honeymoon. Goyal co-founded Zomato in 2008 and is one of India's wealthiest individuals, with an estimated net worth of $650 million following the company's successful IPO.

Zomato appoints its 1st Chief Fitness Officer

Inshorts · 2y ago

Zomato appoints its 1st Chief Fitness Officer

Zomato has named Anmol Gupta as its inaugural Chief Fitness Officer, responsible for guiding employees on their personal wellness and healthy lifestyle journey. Gupta, the Co-founder of fitness platform Endure, joins Zomato to encourage a positive approach towards fitness during work hours. Zomato CEO Deepinder Goyal emphasized the importance of supporting employees' fitness without any stigma or hesitation.

Zomato’s Deepinder Goyal, wife turn delivery agents in Gurgaon, netizen says, ’Hope you’ll be able to...’ | Mint

Livemint

Livemint · 10m ago

Zomato’s Deepinder Goyal, wife turn delivery agents in Gurgaon, netizen says, ’Hope you’ll be able to...’ | Mint

- Zomato co-founder and CEO Deepinder Goyal and his wife played the role of food delivery agents in Gurgaon. - They wore Zomato's red uniform and rode a bike to deliver orders. - Goyal shared pictures on Instagram of themselves delivering orders and interacting with customers. - Social media reactions to Goyal's initiative were mixed, with some appreciating it and others criticizing Zomato's environmental impact. - Goyal's wife, Grecia Munoz, changed her name to Gia Goyal on Instagram. - Goyal married Mexican entrepreneur Grecia Munoz in a private ceremony earlier this year.

Startup Mahakumbh | Blinkit will be bigger than Zomato in a year: Deepinder Goyal

Economic Times

Economic Times · 1y ago

Startup Mahakumbh | Blinkit will be bigger than Zomato in a year: Deepinder Goyal

Zomato CEO Deepinder Goyal predicts that the company's quick-commerce platform, Blinkit, will surpass its food-delivery business within a year. Speaking at the Startup Mahakumbh event, Goyal discussed Zomato's plans to expand Blinkit into the e-commerce sector, including categories such as electronics, fashion, and home appliances. He also noted the challenges of creating a long-lasting company in today's rapidly evolving technological landscape. Over 40 unicorn startups, including Lenskart, Dream11, and Oyo, are expected to attend the event.

Zomato behind BookMyShow in ticketing business, hope Swiggy doesn't buy it: Deepinder

Inshorts · 10m ago

Zomato behind BookMyShow in ticketing business, hope Swiggy doesn't buy it: Deepinder

Zomato CEO Deepinder Goyal said the startup is behind BookMyShow in the ticketing business and will, at some point, "gun to be number one". Speaking to Moneycontrol, Goyal said he hopes that "Swiggy doesn't buy BookMyShow". Zomato and Swiggy are rivals in both food delivery and quick e-commerce spaces, with Zomato gaining a lead over Swiggy in recent years.

Former Zomato engineer defends CEO Deepinder Goyal on controversial Chief of Staff job posting

Livemint

Livemint · 9m ago

Former Zomato engineer defends CEO Deepinder Goyal on controversial Chief of Staff job posting

Zomato CEO Deepinder Goyal faced criticism for a job listing that required the selected candidate to donate ₹20 lakh to the company's non-profit arm. Many accused Goyal of exploiting job seekers. Former Zomato employee Arnav Gupta defended Goyal, stating that the learning potential under his mentorship was worth more than the fee. Despite the controversy, over 10,000 people applied for the position. Additionally, Zomato faced scrutiny after mysterious "one dish" restaurants appeared on the platform in Chandigarh, raising suspicions of illegal activities.

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