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Zomato CEO Deepinder Goyal launches new health tech venture 'Continue'

Zomato co-founder and CEO Deepinder Goyal is expanding his business horizon into the health and wellness sector with 'Continue,' his latest venture under Upslove Advisors Private Limited, launched in April 2024. This initiative, focused on health tracking and mental wellness, marks Goyal's second entrepreneurial project after Zomato, and reflects his deepening interest in promoting human longevity through holistic health solutions. Goyal holds a 99.9% stake in the company, while Ashish Gotal owns the remaining 0.1%. The venture, currently in stealth mode, has raised Rs 50 lakhs from shareholders.

Goyal is joined by Zomato veterans Simrandeep Singh and Akriti Mehta as additional directors. Their extensive experience in operations and strategy from Zomato is expected to boost Continue’s growth in the highly competitive health tech sector. Continue will enter a market already occupied by established players like Ultrahuman and Mindhouse, the latter founded by former Zomato executives Mohit Kumar and Pankaj Chaddah. Notably, Goyal personally invested $10 million in Ultrahuman’s Series B funding, underscoring his strong interest in the sector.

This move into health and wellness aligns with Goyal’s broader diversification strategy. Zomato itself has ventured into multiple sectors, including Blinkit (quick commerce), Hyperpure (restaurant supplies), and entertainment ticketing through District. The company's acquisition of fitness platform Fitso, which was later sold to Tata Digital-owned Curefit, also highlights its willingness to explore adjacent categories.

Goyal’s entrepreneurial journey reached a new milestone in July 2024 when his Zomato holdings crossed Rs 8,400 crore, placing him in the billionaire club. Despite his involvement in personal projects like Continue, Zomato continues to perform impressively. In June 2024, the company reported a 44.23% increase in net sales to Rs 2,048 crore, along with a 70.29% rise in quarterly net profit to Rs 470 crore. Zomato’s stock performance has been equally stellar, with a 183% increase over the past year and 111% growth in 2024 alone. The company’s average monthly transacting customers grew 14.45% to 19 million, while order growth saw a 23% year-on-year increase, with a Gross Order Value (GOV) of Rs 8,439 crore in Q4 FY24.

Goyal’s entry into the health and wellness space comes at a time of rapid growth and profitability for Zomato, further solidifying his entrepreneurial credentials. With 'Continue,' Goyal is expanding his portfolio while demonstrating a personal commitment to innovation in health tech. As he explores this new domain, his ambitious yet calculated approach is poised to leave a significant impact, even as Zomato continues its strong momentum in the food delivery market.

As Goyal tweeted upon launching Continue, "Spending time with the Continue team is like going to the gym for me. It helps me avoid visits to doctors," offering a glimpse into his vision for the venture.



Also Read: Gunjan Soni moves on from Zomato as Independent Director

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