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Deepinder Goyal commits $25 Mn to longevity venture Continue Research

EntrackrEntrackr · 2m ago
Deepinder Goyal commits $25 Mn to longevity venture Continue Research
Medial

Deepinder Goyal commits $25 Mn to longevity venture Continue Research The project aims to explore ways to extend human life and improve overall health through research on ageing, nutrition, sleep, and mental wellness. Eternal founder and CEO Deepinder Goyal has committed $25 million from his personal wealth to expand his longevity venture, Continue Research. The project aims to explore ways to extend human life and improve overall health through research on ageing, nutrition, sleep, and mental wellness. Continue Research, which began around two years ago, is not a conventional startup but a research-focused initiative and early-stage funding platform. According to Goyal, the fund will back scientists and entrepreneurs working on fundamental biological questions and health tracking technologies. In a post on X, Goyal said the initiative is fully self-funded and intended to support researchers across the world. He described it as a long-term mission to understand human biology better and promote what he calls the “conscious evolution” of humanity. Goyal added that the goal is to significantly improve human longevity and quality of life through sustained scientific exploration. Continue Research will provide seed funding to early-stage teams working in the areas of ageing, health optimisation, and preventive wellness. The initiative plans to invest in projects that aim to slow or reverse aspects of biological ageing and help people live healthier for longer. While Goyal continues to lead Zomato, Continue Research operates independently and is not linked to the company’s parent entity, Eternal. The move marks Goyal’s foray into the longevity and life sciences space, reflecting his growing interest in deep science and the long-term future of human health.

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

EntrackrEntrackr · 1y ago
Deepinder Goyal to enter health and mental fitness space with ‘Continue’
Medial

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.

Ultrahuman Raises $35 Mn To Boost Research In Health Monitoring

Inc42Inc42 · 1y ago
Ultrahuman Raises $35 Mn To Boost Research In Health Monitoring
Medial

Bengaluru-based fitness and healthtech platform, Ultrahuman, has raised $35 million in a mix of debt and equity funding in a Series B round. The funding round included participation from investors such as Blume Ventures, Steadview Capital, Nexus Venture Partners, Alpha Wave, and Zomato founder Deepinder Goyal. Ultrahuman plans to use the funds to expand its manufacturing capacity and conduct further research in the health tracking space. The startup offers health tracking and monitoring devices, including fitness rings, and aims to become the market leader in the smart rings space. Ultrahuman also provides a subscription-based fitness platform for better data monitoring and offers a range of workout content.

Byondnxt secures fresh funding, Zomato stake reduced to 6%

EntrackrEntrackr · 1y ago
Byondnxt secures fresh funding, Zomato stake reduced to 6%
Medial

Byondnxt, which operates the kitchen appliances brand Beyond Appliances, has secured additional funding from a group of new investors. Zomato, which recently acquired an 8% stake in the Bengaluru-based startup, did not participate in this latest funding round. In a stock exchange filing on Sunday, Zomato said that the fundraising was completed on November 30, and the Deepinder Goyal-led company’s shareholding in Byondnxt reduced to 6% on a fully diluted basis. In October, Zomato acquired an 8% stake in Byondnxt for about Rs 6,000. Byondnxt, founded by Eshwar Vikas, who also founded Mukunda Foods, is a direct-to-consumer (D2C) brand specializing in the design and manufacturing of kitchen appliances. In March 2022, Zomato invested $5 million to acquire a 16.66% stake in Mukunda Foods, a company that supplies smart kitchen equipment to business-to-business (B2B) clients. Rakesh Patil is the other co-founder and chief technology officer (CTO) of Beyond Appliances. This is the second funding round for a Zomato-backed company in the past three months. In September, adtech startup AdOnMo raised $25 million in a funding round led by the Singapore-based venture capital (VC) firm Rigel Capital and Indonesia-based Sinar Mas. Meanwhile, Zomato chief Goyal also incorporated a new venture named Continue, which will focus on health tracking and mental wellness. Zomato Limited recently raised Rs 8,500 crore (around $1 billion) through a Qualified Institutions Placement (QIP) of equity shares.

Deepinder Goyal steps down as Eternal Group CEO, Albinder Dhindsa to take over

EntrackrEntrackr · 18h ago
Deepinder Goyal steps down as Eternal Group CEO, Albinder Dhindsa to take over
Medial

Deepinder Goyal steps down as Eternal Group CEO, Albinder Dhindsa to take over Eternal Limited, formerly Zomato, on Wednesday informed stock exchanges that founder Deepinder Goyal will step away from his role as Group CEO. He will continue on the board as Vice Chairman. The company said Albinder Dhindsa will take over as the new Group CEO of Eternal. The disclosure was made through a letter addressed to shareholders and filed with stock exchanges. Dhindsa became part of Eternal in 2022 following the acquisition of Blinkit in a $568 million deal. In the letter, Goyal said the move would allow Eternal to remain focused as a public company, while giving him space to explore ideas that fall outside the company’s risk profile. He added that if such ideas were aligned with Eternal’s strategy, they would have been pursued within the company. Goyal said his involvement in long term strategy, culture, leadership development, and governance will continue, and that he will keep working closely with Dhindsa and the leadership team. As part of the transition, Goyal said all his unvested ESOPs will revert to Eternal’s ESOP pool, aimed at supporting wealth creation for future leaders without incremental shareholder dilution. As per the company, the day to day execution and operating decisions will now be led by Dhindsa as Group CEO, while its decentralized structure, where each business is run by its own CEO, will remain unchanged.

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