The insider who became CEO—Albinder Dhindsa takes the reins at Eternal| Business News

In 2022, Deepinder Goyal handed a lifeline of sorts to Albinder Dhindsa when Zomato acquired a struggling Blinkit for ₹4,500 crore. Today, he has handed him over the reins of a ₹2.5-lakh-crore empire that he built from scratch. Blinkit CEO Albinder Dhindsa. (X/@albinder) On Wednesday, Eternal Ltd. (formerly Zomato) said that Goyal would step down […]

Deepinder Goyal resigns as Eternal CEO, Blinkit’s Albinder Dhindsa to take over| Business News

Deepinder Goyal is stepping down as the group chief executive officer of Eternal Ltd., according to a regulatory filing on Wednesday. Blinkit’s Albinder Dhindsa will be succeeding him with immediate effect. Deepinder Goyal, founder and outgoing CEO of Eternal Ltd. (X/@sharktankindia) “Of late, I have found myself drawn to a set of new ideas that […]

Swiggy, Eternal shares in focus after Govt tells them ‘no more 10-minute delivery’| Business News

Shares of Swiggy Ltd. and Eternal Ltd. rebounded from the day’s lows after the central government pursuaded them to do away with 10-minute delivery for the sake of gig workers. There have been widespread debates and discussions in the public domain about gig workers’ working conditions over the past weeks. (HT_PRINT) On Tuesday, Swiggy’s share […]

India’s quick-commerce bubble may be close to bursting, Blinkit CEO warns| Business News

India’s quick-commerce sector is hurtling towards a shakeout, Blinkit’s Chief Executive Officer Albinder Dhindsa said, while maintaining that his company would survive and thrive. Blinkit, part of Deepinder Goyal-led Eternal Ltd. that also includes Zomato, is yet unprofitable, despite its cash pile, as it keeps investing to enter new markets. (Reuters) The quick-commerce model, which […]