Zomato’s co-founder and CEO, Deepinder Goyal, has ventured into the health and wellness sector with the launch of a new startup called Continue. The firm, incorporated in April 2024 under the name Upslope Advisors, aims to focus on health tracking and mental wellness. Goyal holds the majority stake in the company and has enlisted the help of former Zomato and Blinkit executive Ashish Goel as a director. According to filings with the Ministry of Corporate Affairs (MCA), Goyal has invested ₹50 lakh in Continue.
In a recent post on the social media platform X, Goyal described Continue as his personal health and wellness team, entirely funded by himself. “It tracks and researches how to keep me running at my peak performance. Spending time with the Continue team is like going to the gym for me. Or you can also say that it helps me avoid visits to doctors,” he explained.
While Continue is still in its nascent stages, the domain Continue.com is branded as “The Ultimate Health Tracker,” though it does not currently provide additional information. Goyal expressed enthusiasm for the venture’s potential, stating, “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 passion for health and wellness is not new; he previously invested $10 million in Ultrahuman, a startup that produces health-tracking wearables. This launch comes at a time when Zomato is actively diversifying its business model. The company recently acquired Paytm Insider to launch its own live events and ticketing business, District. In addition to its core food delivery operations, Zomato now oversees its quick commerce arm, Blinkit, and its business-to-business (B2B) vertical, Hyperpure.
As the competitive landscape intensifies, Zomato is also exploring the possibility of raising funds through a qualified institutions placement (QIP), especially as its rival, Swiggy, is gearing up for an initial public offering (IPO).
Financially, Zomato reported a consolidated profit of ₹253 crore in Q1 FY25, a significant increase from ₹175 crore in the previous quarter and ₹2 crore in the same period last year. The company’s revenue from operations surged by 74% year-on-year to ₹4,206 crore, up from ₹2,416 crore a year ago. Notably, Zomato’s food delivery business is already profitable, with indications from senior management that Blinkit is on the verge of breaking even.
As Goyal embarks on this new journey with Continue, the startup is set to explore innovative solutions in health tracking, reflecting his commitment to wellness in both his personal and professional life.
