Zomato CEO Deepinder Goyal launches new venture Continue focused on health and wellness

Zomato co-founder and chief executive officer (CEO) Deepinder Goyal has launched ‘Continue’, a new venture based on health tracking and mental wellness, according to a report by Moneycontrol.

The startup with the Continue.com domain aims to become the "The Ultimate Health Tracker”. The domain is owned by a company listed under the name of Upslope Advisors Pvt Ltd incorporated in April this year.

According to the company’s filings with the Ministry of Corporate Affairs (MCA) Deepinder Goyal is listed as a Director and two other Zomato employees, Akriti Mehta and Simrandeep Singh, are listed as Additional Directors. Ashish Goel, former Zomato and Blinkit head of Product design, will also be a part of the new venture but his exact role isn’t specified, according to the MCA filings.

Zomato has clarified that this is Goyal’s personal venture and the company isn’t looking to expand its operations. “Zomato isn’t venturing into any new space, and continues to focus on its four businesses (Food Delivery, Blinkit, Hyperpure and District),” a company spokesperson told Moneycontrol.

Goyal confirmed this in a post on X where he mentioned that Continue is entirely funded by him and said, “We are developing new things, we have some new insights, and it will be super cool if one day, we are able to gather enough evidence behind what we have found, to share with the world.”

Goyal’s focus on longevity

The Zomato CEO reportedly has a long-standing passion for health and wellness, having previously invested $10 million in Ultrahuman—a startup that produces health-tracking wearables. Additionally, Zomato appointed a chief fitness officer last year, whose job is to keep a check on the health and wellness of the company’s employees. Goyal announced the appointment of Zomato’s first chief fitness officer, Anmol Gupta, on July 31, 2023.

Continue proves Goyal’s increasing fascination with longevity and enhancing human life, especially with his focus on mental health and wellness solutions. His interest in this field is evident in his personal journey as he has lost 15 kilograms in four years by prioritising health alongside work.

Although the specifics of the upcoming health tracker aren’t revealed yet, it's expected to emphasise key areas like nutrition tracking, sleep monitoring and preventive healthcare. This venture could eventually become a holistic wellness platform that caters to both mental and physical well-being, many reports noted.

Zomato’s game of diversification

This venture comes into the market at a time when Zomato is actively diversifying its operations. It has recently acquired Paytm Insider to launch its own events and ticketing business ‘District’.

In an earlier interview with Moneycontrol, Goyal said commenting on the company’s current focus, “Execution quality. Right now, our hands are very full. Six months ago, we used to say we have 3.5 business arms. Zomato, Blinkit, Hyperpure and we used to say dining out. But now that 3.5 has become 4 (after the planned acquisition of Paytm Insider) so we have a lot on our plate.”

The company is itself against its competitor Swiggy, which is set to list on the bourses soon, as it is likely to raise funds through a The company is likely to raise funds through a qualified institutional placement (QIP).

In Q1 FY25, Zomato reported a consolidated profit of ₹253 crore, increasing from ₹175 crore in the previous quarter and recording a 12,550% increase from ₹2 crore posted in Q1 FY24. Its revenue from operations surged 74% year-on-year to ₹4,206 crore, as compared to ₹2,416 crore last year.