Deepinder Goyal
CEO & Co-Founder, Eternal (Zomato); Angel Investor at eternal
Reviewed Updated Jul 27, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Background
Deepinder Goyal is co-founder and CEO of Eternal Limited (formerly Zomato), which he founded on July 10, 2008 alongside Pankaj Chaddah while both worked at Bain & Company 1. The pair launched an initial restaurant-listing website called FoodieBay before formally incorporating as “DC Foodiebay Online Services Private Limited” on January 18, 2010, and the founders left Bain in November 2009 to work on the company full-time 1. Under Goyal’s leadership, Zomato expanded to more than 20 countries by 2015, later refocusing on India and the UAE between 2021 and 2024 1. The company went public on the Indian stock exchanges in 2021 and rebranded to Eternal in February 2025 21. Goyal was awarded EY Entrepreneur of the Year in 2025 1.
Beyond his operating role, Goyal has become one of India’s most prolific technology angel investors, with a portfolio of approximately 32 companies according to Tracxn 34. His investing activity has intensified in 2025-2026, including sizeable commitments to frontier-technology projects that he himself is founding or co-founding — LAT Aerospace (hydrogen airships), Temple (brain-monitoring wearables), and Continue Research (longevity) 256.
Stated Thesis
No self-reported public thesis document exists. Public statements from Goyal are focused on operating Eternal rather than framing an angel-investing thesis. He has publicly described Temple, his wearables company, as “the ultimate wearable for elite performance athletes,” with technology that “measures metrics existing wearables cannot,” including continuous cerebral blood flow tracking via a temple-mounted sensor 2.
Inferred Thesis
Based on 19 verified portfolio companies plus his three founder-led frontier bets in 2025-2026, several patterns emerge:
- High-frequency consumer + operational complexity: Portfolio skews toward consumer-facing businesses with operational depth — Shiprocket (logistics), BlueStone (jewellery), Bira 91 (beverages), Ultrahuman (wearables), Park+ (parking), Pristyn Care (healthcare services), Airblack (skill development), Multiplier (employment) 47. This mirrors Zomato’s own DNA of high-frequency consumer + physical/operational supply chain.
- India-first, with select US bets: The vast majority of confirmed investments are Indian startups, with Tracxn characterizing his geographic focus as “primarily India and the United States” 34.
- Consumer/retail concentration: Tracxn classifies his portfolio as concentrated in “Consumer and Retail sectors” 3.
- Recent shift to frontier tech (2025-2026): Three of his largest personal commitments in the past 18 months are to companies he founded or co-founded — approximately USD 20M into LAT Aerospace (hydrogen airships, with another ~USD 50M planned) 8, USD 25M into Continue Research (longevity) 6, and Temple (USD 54M friends-and-family round at USD 190M post-money valuation) 2. This represents a decisive move beyond passive angel investing into founder/operator-investor territory in aerospace, longevity, and precision health.
- Repeat co-investor pattern with Indian founder-angels: Named co-investors include Kunal Shah (CRED), Nithin and Nikhil Kamath (Zerodha), Vijay Shekhar Sharma (Paytm), Amit Agarwal, and Rohit Bansal — a tight network of India’s founder-angel class 27.
- Sample size caveat: 32 total investments per Tracxn, of which ~19 have publicly-documented round detail via StartupTalky. Percentages are not computed given inconsistent round-level disclosure.
Portfolio
| Company | Year | Stage | Source |
|---|---|---|---|
| Temple | 2026-02 | Friends & Family (led, USD 54M at ~USD 190M post-money; co-investors Steadview Capital, Peak XV Partners, InfoEdge Ventures, Dharana Capital, Vijay Shekhar Sharma, Kunal Shah, Nithin & Nikhil Kamath) | 2 |
| Continue Research | 2025-10 | Personal commitment (USD 25M) | 6 |
| Vayudh | 2025-04-17 | Series B (USD 10.3M round; Dharana + 5 others) | 3 |
| LAT Aerospace | 2025-03-12 | Series B (USD 20M round; Vy Dharana; Goyal has invested ~USD 20M personally with ~USD 50M more planned) | 38 |
| Gully Labs | 2025-03-20 | Seed (USD 879K; Infinyte Club + 15 others) | 3 |
| Sparkl Edventure | 2024-12-23 | Seed (USD 4M; Nithin Kamath + 1 other) | 3 |
| Pixxel | 2025 | Advanced talks (~USD 25M personal commitment reported) | 9 |
| Shiprocket | 2017-onwards | Angel (participant across USD 399.1M raised over 12 rounds; co-investors Lightrock, McKinsey) | 7 |
| BlueStone | 2011-onwards | Angel (participant, USD 100.1M from 14 investors) | 7 |
| Ultrahuman | 2019-onwards | Angel/Seed (participant, USD 25.1M across 3 rounds, 27 total investors) | 7 |
| Bira 91 | 2015-onwards | Angel (participant, USD 340M across 18 rounds; co-investors Sequoia Capital) | 7 |
| Pristyn Care | 2018-onwards | Angel (participant, USD 177M across 5 rounds; co-investors Sequoia Capital) | 7 |
| Unacademy | 2015-onwards | Angel (participant, USD 838.5M from 43 investors; co-investors Sachin Tendulkar) | 7 |
| Park+ | 2019-onwards | Angel (participant, USD 54.3M across 6 rounds; co-investor Rohit Bansal) | 7 |
| Multiplier | 2020-onwards | Angel (participant, USD 77.2M; co-investors Surge, Picus Capital) | 7 |
| Geniemode | 2021-onwards | Angel (participant, USD 36.8M across 3 rounds) | 7 |
| Animall | 2019-onwards | Angel (participant, USD 24.7M across 5 rounds; co-investors Omnivore, Beenext) | 7 |
| Raise | 2021-onwards | Angel (participant, USD 22M; co-investors Sujeet Kumar, Amod Malviya) | 7 |
| Gabit | 2023-onwards | Angel (participant, USD 9.5M seed; co-investors Kunal Shah, Amit Agarwal) | 7 |
| Terra.do | 2020-onwards | Angel (participant, USD 8.4M seed; co-investors Stanford Angels) | 7 |
| Airblack | 2019-onwards | Angel (largest investor per StartupTalky, USD 6.7M total) | 7 |
| Allo Health | 2022-01 | Seed angel participant (USD 4.4M seed) | 7 |
| Threado | 2020-onwards | Angel (participant, USD 3.27M across 2 rounds) | 7 |
| ChefKart | 2020-onwards | Angel (participant, USD 2M; co-investors Blume Ventures, Kunal Shah) | 7 |
| The Signal | 2020-onwards | Angel (participant, USD 436K; co-investor Rainmatter Capital) | 7 |
| Mainstreet | 2019-onwards | Angel (participant; co-investor Anupam Mittal) | 7 |
Note: This table covers 26 of ~32 investments in the Tracxn record 3. Round-level detail is inconsistent across public sources; year is set to first reported round year (or “-onwards” where the angel entry point is not precisely documented).
In Their Own Words
“The ultimate wearable for elite performance athletes.”
— Deepinder Goyal describing Temple, the brain-monitoring wearable startup where he served as lead investor of the USD 54M February 2026 round 2.
What Founders Say
No independently sourced founder testimonials naming Deepinder Goyal specifically found at this time.
Sources
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Wikipedia, “Deepinder Goyal,” accessed July 2026. https://en.wikipedia.org/wiki/Deepinder_Goyal↩↩↩↩↩
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Yahoo Finance / aVenture, “After Zomato, Deepinder Goyal returns with a $54M brain-monitoring bet,” February 27, 2026. Accessed July 2026. https://finance.yahoo.com/news/zomato-deepinder-goyal-returns-54m-144039083.html↩↩↩↩↩↩↩
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Tracxn investor profile, “Deepinder Goyal - 2026 Portfolio & Founded Companies,” accessed July 2026. https://tracxn.com/d/people/deepinder-goyal/__vwGXU4I_swSQsEfNKkGSS7e8bcSBXdcqfx15W0wCKiw↩↩↩↩↩↩↩↩
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Smallcase, “Deepinder Goyal’s Portfolio and Stock Holdings in 2026,” accessed July 2026. https://www.smallcase.com/star-investors/deepinder-goyal-portfolio/↩↩↩
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India Entrepreneur, “Deepinder Goyal’s LAT Aerospace acquires defence robo firm Sharang Shakti,” accessed July 2026. https://india.entrepreneur.com/technology/deepinder-goyals-lat-aerospace-acquires-defence-robo-firm/50295↩
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Business Standard, “Deepinder Goyal backs longevity research with $25 mn personal investment,” October 24, 2025. Accessed July 2026. https://www.business-standard.com/companies/news/deepinder-goyal-backs-longevity-research-with-25-mn-personal-investment-125102401055_1.html↩↩↩
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StartupTalky, “List of Startups Funded by Deepinder Goyal,” accessed July 2026. https://startuptalky.com/deepinder-goyal-funded-startups/↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩↩
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Tickertape, “Latest Deepinder Goyal Portfolio and Net Worth in 2026,” accessed July 2026. https://www.tickertape.in/stocks/collections/deepinder-goyal-portfolio↩↩
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Outlook Business, “Eternal Founder Deepinder Goyal in Advanced Talks to Back Spacetech Start-Up Pixxel,” accessed July 2026. https://www.outlookbusiness.com/news/eternal-founder-deepinder-goyal-in-advanced-talks-to-back-spacetech-start-up-pixxel↩