Zomato co-founder Deepinder Goyal to step down as Eternal CEO

Zomato co-founder Deepinder Goyal has announced his decision to step down as the Eternal CEO, marking a significant shift in leadership for the company. This move comes at a pivotal time as Zomato reported a remarkable two-fold increase in profit, reaching 1.02 billion rupees ($11.12 million) for the quarter. The announcement has sparked widespread interest in the industry, as stakeholders and market analysts speculate on the future direction of the company under new leadership. The decision by Goyal to relinquish his role is seen as a strategic step to ensure sustainable growth and innovation within Zomato. While the company has thrived under his leadership, this transition is anticipated to bring fresh perspectives and strategies to the table. Goyal, who has been instrumental in steering Zomato to its current success, will continue to play a crucial role in the company, albeit in a different capacity, ensuring a smooth transition. As the company gears up for this leadership change, the focus will likely remain on maintaining its upward trajectory in the competitive food delivery market. Investors and customers alike are keen to see how the new leadership will build on the existing momentum. Meanwhile, Goyal's legacy as a visionary leader who significantly contributed to Zomato's growth remains undisputed.

— Authored by Next24 Live