
The Zomato board has approved changing the company's name to "Eternal"
Food tech major Zomato has gotten board endorsement to alter its legal title from ‘Zomato Ltd’ to ‘Eternal Ltd.’
On February 6th, Zomato’s board affirmed a resolution to rename the company from ‘Zomato Limited’ to ‘Eternal Limited,’ agreeing to a regulatory filing sourced from the National Stock Exchange.
“When we acquired Blinkit, we begun utilizing “Eternal” (instead of Zomato) inside to recognize between the company and the brand/app. We moreover thought that we would freely rename the company to Eternal, the day something beyond Zomato got to be a noteworthy driver of our future. Today, with Blinkit, I feel we are there. We would like to rename Zomato Ltd., the company (not the brand/app), to Eternal Ltd,” said Deepinder Goyal, originator and CEO of Zomato.
Goyal included that the company’s corporate website will move from zomato.com to eternal.com. Also, its stock ticker will alter from ZOMATO to Eternal. As of presently, Eternal will include four major businesses: Zomato, Blinkit, District, and Hyperpure.
The advancement comes weeks after Zomato’s quarterly results and a couple of months after its $1 billion fundraise through QIP. The Gurugram-based company’s income from operations surged 64.4% to Rs 5,405 crore in Q3 FY25, compared to Rs 3,288 crore in Q3 FY24. In any case, its benefit took a hit, slipping 57.2% YoY to Rs 59 crore amid the period.
Meanwhile, the company re-entered the 10–15-minute food conveyance space and contributed Rs 500 crore in its speedy commerce subsidiary, Blinkit.
Zomato too made history as the to begin with new-age Indian tech company to connect the Bombay Stock Exchange (BSE) Sensex 30, replacing JSW Steel Limited in India’s benchmark index of the top 30 companies.