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It's official: Zomato is now Eternal

Economic Times

Economic Times · 3m ago

It's official: Zomato is now Eternal

Zomato shareholders have approved a resolution to rename the company as Eternal Ltd. Eternal will encompass four verticals: Zomato (food delivery), Blinkit (quick commerce), District (going-out vertical), and Hyperpure (B2B grocery supply). This rebranding, initiated internally in 2022 following Blinkit's acquisition, aligns with organizational restructuring aimed at distinguishing the parent company from individual brands and recognizing Blinkit's growing significance, according to co-founder Deepinder Goyal.

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Food delivery CEO Rakesh Ranjan still part of leadership team: Eternal

Economic Times

Economic Times · 2m ago

Food delivery CEO Rakesh Ranjan still part of leadership team: Eternal

Eternal, formerly known as Zomato, clarified that food delivery CEO Rakesh Ranjan hasn't resigned, countering media reports. The company stated that internal leadership reshuffling is standard practice to enhance organizational effectiveness. Eternal recently changed its official name but retains the brand name Zomato for its food delivery services. The regulatory clarification affirms Ranjan's ongoing role despite leadership adjustments.

Zomato board approves renaming company to ‘Eternal’

Entrackr

Entrackr · 4m ago

Zomato board approves renaming company to ‘Eternal’

Zomato board approves renaming company to ‘Eternal’ Food tech major Zomato has received board approval to change its legal name from ‘Zomato Ltd’ to ‘Eternal Ltd.’ On February 6th, Zomato’s board approved a resolution to rename the company from ‘Zomato Limited’ to ‘Eternal Limited,’ according to a regulatory filing sourced from the National Stock Exchange. “When we acquired Blinkit, we started using “Eternal” (instead of Zomato) internally to distinguish between the company and the brand/app. We also thought that we would publicly rename the company to Eternal, the day something beyond Zomato became a significant 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, founder and CEO of Zomato. Goyal added that the company’s corporate website will transition from zomato.com to eternal.com. Additionally, its stock ticker will change from ZOMATO to ETERNAL. As of now, Eternal will comprise four major businesses: Zomato, Blinkit, District, and Hyperpure. The development comes weeks after Zomato’s quarterly results and a couple of months after its $1 billion fundraise via QIP. The Gurugram-based company’s revenue from operations surged 64.4% to Rs 5,405 crore in Q3 FY25, compared to Rs 3,288 crore in Q3 FY24. However, its profit took a hit, slipping 57.2% YoY to Rs 59 crore during the period. Meanwhile, the company re-entered the 10–15 minute food delivery space and invested Rs 500 crore in its quick commerce subsidiary, Blinkit. Zomato also made history as the first new-age Indian tech company to join the Bombay Stock Exchange (BSE) Sensex 30, replacing JSW Steel Limited in India’s benchmark index of the top 30 companies.

Eternal’s Food Delivery COO Rinshul Chandra resigns

Entrackr

Entrackr · 2m ago

Eternal’s Food Delivery COO Rinshul Chandra resigns

Eternal’s Food Delivery COO Rinshul Chandra resigns Eternal Limited (Zomato) has announced the resignation of Rinshul Chandra, Chief Operating Officer of its Food Ordering and Delivery business. Chandra, a key member of the company’s senior management, tendered his resignation on April 5 and will officially step down on April 7. According to the company’s filing with stock exchanges, Chandra is stepping down to pursue new opportunities and passions aligned with his evolving personal and professional goals. Chandra joined Zomato (now Eternal) in 2018 as Assistant Vice President of Product and steadily rose through the ranks, serving as Vice President, Head of Business, and eventually taking on the role of Chief Operating Officer for the food delivery segment. Eternal Limited has not yet announced a replacement for Chandra. The development comes shortly after mass layoffs at Zomato. According to media reports, the company let go of around 600 customer support associates within a year of hiring them. Over the past year, Zomato has seen several key departures. Hemal Jain, who served as Global Head of Finance and CFO of Hyperpure, stepped down. Akriti Chopra, the company’s co-founder and Chief People Officer, also left. In October last year, Gunjan Soni resigned from her position as an Independent Director. Zomato recently rebranded itself to Eternal, which will comprise four major businesses: Zomato, Blinkit, District, and Hyperpure.

Zomato launches Nugget, in-house AI enabled customer support platform

Livemint

Livemint · 4m ago

Zomato launches Nugget, in-house AI enabled customer support platform

Zomato has introduced Nugget, an AI-enabled customer support platform designed to enhance its delivery services, including Blinkit and Hyperpure. Nugget resolves about 80% of queries autonomously and supports instant chat and voice interaction without requiring any coding. Created by Zomato Labs, it manages over 15 million interactions monthly and is now available to businesses globally. This launch coincides with Zomato's rebranding to Eternal Ltd, reflecting its expanded portfolio.

Deepinder Goyal reveals reason for changing ‘accidental company’ Zomato’s name to ‘Eternal’: ‘It scares me to my core…’ | Company Business News

Livemint

Livemint · 4m ago

Deepinder Goyal reveals reason for changing ‘accidental company’ Zomato’s name to ‘Eternal’: ‘It scares me to my core…’ | Company Business News

Zomato's board has approved changing its holding company's name to "Eternal" while maintaining the Zomato brand and app. CEO Deepinder Goyal explains that Zomato originated as an "accidental company" and the name Eternal, though powerful, signifies a challenging promise of endurance. The change aims to differentiate company growth beyond Zomato, notably after acquiring Blinkit. The new name and stock ticker await Ministry of Corporate Affairs' approval, affecting the main website and holdings.

Eternal denies reports of Rakesh Ranjan's departure as food delivery head

YourStory

YourStory · 2m ago

Eternal denies reports of Rakesh Ranjan's departure as food delivery head

Eternal, previously known as Zomato, refuted reports of CEO Rakesh Ranjan's departure amid rumors of internal reorganization. While media speculated that Co-founder Deepinder Goyal might become interim CEO, Eternal confirmed Ranjan hadn't resigned. Ranjan, with the company for over seven years, took on the CEO role for food delivery after leading Hyperpure. This news surfaces as the food delivery sector, dominated by Swiggy and Zomato, faces a slowdown in demand and customer acquisition challenges.

Food delivery giant Zomato gets government nod for name change to Eternal Ltd

Economic Times

Economic Times · 3m ago

Food delivery giant Zomato gets government nod for name change to Eternal Ltd

Zomato, led by Deepinder Goyal, has received approval from the Ministry of Corporate Affairs to change its name to Eternal Limited, effective March 20, 2025. The name change follows shareholder approval and reflects the company's diversification beyond food delivery into areas such as quick commerce, B2B food supply, and dining/events. Alongside the rebranding, Zomato will update its corporate website to eternal.com and its stock ticker to ETERNAL, marking a significant transition in its business model.

Mamaearth parent Honasa Consumer grants ESOPs worth Rs 57 Cr

YourStory

YourStory · 3m ago

Mamaearth parent Honasa Consumer grants ESOPs worth Rs 57 Cr

Honasa Consumer, the parent of Mamaearth, granted 24.16 lakh stock options worth Rs 57 crore under its ESOP-2018. The options vest over five years based on tenure and performance. In Q3 FY25, Honasa's revenue grew 5.9% YoY to Rs 517.5 crore, while net profit remained flat at Rs 26 crore. Separately, Zomato (now Eternal) and Delhivery also made significant ESOP grants, signifying a trend in rewarding employees amidst operational growth.

Zomato COO Rinshul Chandra Resigns to Pursue New Opportunities

OutlookIndia

OutlookIndia · 2m ago

Zomato COO Rinshul Chandra Resigns to Pursue New Opportunities

Zomato, recently rebranded as Eternal, announced the resignation of its Chief Operating Officer, Rinshul Chandra, effective April 7, 2025, as he decides to pursue new personal and professional goals. This change in leadership is part of a broader series of transitions within the company, following recent departures of other senior staff and significant layoffs in customer service due to the adoption of AI automation. Zomato has not yet appointed Chandra’s successor.

Zomato parent entity caps foreign ownership in company at 49.5%

YourStory

YourStory · 2m ago

Zomato parent entity caps foreign ownership in company at 49.5%

The board of Eternal, Zomato’s parent entity, approved capping foreign ownership at 49.5% to ensure more Indian investors and compliance with FDI rules that limit foreign control over inventory. This aligns with the government's desire to increase domestic stakes in startups. Zomato and Blinkit, also part of Eternal, aim to reduce foreign influence. The trend mirrors Zepto's strategy to boost domestic ownership ahead of its IPO amid rising IPO activities and favorable regulatory changes.

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