Deepinder Goyal, the co-founder and CEO of Zomato, has launched a new venture in his personal capacity focused on health tracking and mental wellness. Named Continue, the venture was incorporated in April 2024 under the name Upslope Advisors. It aims to push the boundaries of health and wellness, with Goyal being the majority stakeholder and former Zomato and Blinkit executive Ashish Goel as one of the directors. Goyal has personally invested Rs 50 lakh in the venture, signaling his deep commitment to the project.
What is Continue?
Continue is positioned as a high-performance health and wellness platform that tracks physical and mental well-being. According to Goyal, Continue is still in its early stages. The platform is developing tools and insights for enhancing health and overall wellness, focusing on cutting-edge research. Currently, it functions as a personal wellness tracker for Goyal, but the venture has potential for broader public use once enough data and evidence are gathered to share its findings with the world.
A New Chapter in Health Tracking
Continue.com, which describes itself as “The Ultimate Health Tracker,” is expected to deliver tools and insights that may redefine how individuals monitor their health. Though the venture has yet to provide specific product details, the focus on high-performance health tracking could position it as a player in the expanding wellness and technology market. Goyal has referred to spending time with the Continue team as equivalent to going to the gym, highlighting the company’s role in keeping him at peak performance levels.
The venture represents Goyal’s personal passion for health and wellness. The billionaire entrepreneur has long demonstrated interest in the sector, having previously invested $10 million in Ultrahuman, a health-tracking wearables startup backed by Alpha Wave. This interest in wellness and tech could fuel Continue’s eventual entry into the health tech market, a space that has seen rapid growth globally.
Founders and Leadership
Continue’s leadership is headlined by Deepinder Goyal, who is no stranger to building successful ventures. As the majority stakeholder, Goyal brings a proven track record of turning ideas into thriving businesses. Under his leadership, Zomato has transformed from a food delivery startup to a diversified entity with multiple verticals. The inclusion of Ashish Goel, a former executive at Zomato and Blinkit, as a director adds further strength to the leadership team.
The leadership’s experience in scaling successful ventures provides the foundation for Continue to grow into a significant player in the health and wellness market. With personal investment and a clear focus on high-performance health, the leadership team is setting ambitious goals for the venture.
Market Context: The Growing Health and Wellness Industry
The global health and wellness industry has seen exponential growth over the past few years. In India alone, the wellness market is valued at over $10 billion, driven by increased awareness of physical and mental well-being. The demand for fitness and health-related technology has surged, with a growing number of individuals seeking to monitor their health in real-time.
Wearable devices, fitness trackers, and mental wellness apps have become increasingly popular, offering users data-driven insights into their health. Startups like Ultrahuman and other health tech platforms have emerged as strong players in this space, targeting a consumer base that values proactive health management.
Continue enters this growing market with a focus on peak performance and evidence-backed health tracking. With the global wellness industry expected to reach $6 trillion by 2025, Continue’s potential to make an impact is significant.
Health Tracking and Mental Wellness: The Core of Continue
Continue is built around a foundation of health tracking and mental wellness. As more individuals recognize the importance of mental well-being alongside physical health, platforms that offer a comprehensive approach to wellness are gaining traction. Continue aims to offer solutions that not only track physical health but also enhance mental performance and overall well-being.
Goyal’s focus on personal performance enhancement mirrors the increasing trend of optimizing one’s body and mind to achieve peak productivity. For high-performing individuals, mental wellness is as critical as physical health. Continue’s mission to offer both health tracking and mental wellness solutions aligns with this growing demand for holistic health platforms.
The Potential for Broader Market Use
Though Continue currently operates as a personal wellness tracker for Goyal, it has the potential to expand into a broader market. The venture’s early-stage development hints at future innovations in health tech that could cater to a larger audience. As Goyal mentioned in his social media post, the team is developing new insights that could eventually be shared with the public.
The venture’s long-term vision likely includes providing data-driven health solutions to a wider customer base. Given the current trends in health tech, Continue could evolve into a platform that offers personalized health insights, fitness tracking, and mental wellness tools. These features could attract both individuals and businesses looking for innovative ways to manage health and performance.
The Zomato Connection: A Push Towards Diversification
While Continue is Goyal’s personal venture, it comes at a time when Zomato is focusing on diversification. The food delivery giant has been expanding its operations beyond its core food business. Recently, Zomato acquired Paytm Insider, a live events and ticketing platform, and launched District, a new venture in the events business.
Zomato also operates its quick commerce arm, Blinkit, along with its business-to-business (B2B) vertical, Hyperpure. These ventures demonstrate Zomato’s strategic shift toward diversification, aiming to capture new revenue streams in the fast-evolving business landscape.
Goyal’s interest in health and wellness is also reflected in Zomato’s initiatives. The company appointed a chief fitness officer last year, signaling a strong internal focus on health. These developments showcase how health and wellness are becoming integral components of Goyal’s overall business philosophy, both through his personal ventures like Continue and through Zomato’s corporate strategy.
Zomato’s Financial Performance: Strong Growth Amid Diversification
Zomato has been experiencing strong financial growth, further underscoring the company’s ability to diversify successfully. The company reported a consolidated profit of Rs 253 crore in Q1 FY25, up from Rs 175 crore in the previous quarter and just Rs 2 crore in the same period last year. This growth highlights Zomato’s ability to execute across multiple verticals while maintaining profitability.
Revenue from operations rose by 74% year-on-year, reaching Rs 4,206 crore in Q1. Zomato’s food delivery business has already turned profitable, and the company has indicated that its quick commerce arm, Blinkit, is also on the verge of breaking even. This financial strength gives Zomato the flexibility to explore new business opportunities, including its recent acquisitions and potential future ventures.
Swiggy’s IPO and Zomato’s Potential Fundraising
As Zomato continues to grow, the company is also considering raising funds through a qualified institutional placement (QIP). This move comes as Zomato’s main competitor, Swiggy, is preparing for an initial public offering (IPO). Swiggy’s IPO could raise significant capital, positioning it as a stronger player in the food delivery market.
Zomato’s decision to explore fundraising options via a QIP reflects its strategy to maintain competitive positioning in the market. The company’s recent growth and diversification efforts could appeal to investors looking for a tech-driven, profitable business with multiple growth avenues. With the capital raised, Zomato could further expand its operations or make strategic acquisitions in emerging sectors like health and wellness.
The Health and Wellness Market in India
India’s health and wellness market has seen remarkable growth, particularly after the COVID-19 pandemic. Individuals are more focused on health, fitness, and mental wellness than ever before. The increasing adoption of wearable devices, fitness apps, and personalized health solutions reflects this trend.
Startups in the health tech space are responding to this demand by offering data-driven health tracking solutions. With Goyal’s history of success and his keen interest in health, Continue could position itself as a significant player in this evolving market. The potential for offering personalized health insights and fitness tracking solutions is immense, especially given the growing demand for innovative health tech solutions in India.
Continue’s Future: The Vision Ahead
Continue is still in its early stages, with much development ahead. However, the venture’s core mission of optimizing health and performance holds promise. By leveraging cutting-edge research, Goyal’s new venture could introduce breakthrough solutions in health tracking and mental wellness. These innovations could appeal to individuals looking to maximize productivity and performance, as well as businesses seeking to enhance employee well-being.
The venture’s long-term vision likely involves scaling up to reach a broader audience. By gathering enough evidence and insights through research, Continue could eventually share its findings with the world, offering evidence-backed health solutions to consumers. The future of Continue could see it expanding into the wearables market, offering personalized health tracking devices and mental wellness tools.
Conclusion: A New Era of Health Tech
Continue represents Goyal’s personal dedication to health and wellness, backed by his experience in building successful ventures. As the global health tech industry continues to grow, Continue has the potential to become a key player in the market. The combination of data-driven health tracking, mental wellness solutions, and Goyal’s leadership positions the venture for success.
With the wellness industry expected to reach new heights, Continue’s innovative approach to optimizing health could make it a trailblazer in the health and wellness space. As the venture develops, it will be exciting to see how it grows and impacts the health tech market in India and beyond.