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🔥 9 people are talking about this
It's official: Zomato is now Eternal
Economic Times
·
5m ago
Medial
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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9
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Food delivery CEO Rakesh Ranjan still part of leadership team: Eternal
Economic Times
·
3m ago
Medial
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.
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Zomato board approves renaming company to ‘Eternal’
Entrackr
·
6m ago
Medial
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.
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Eternal’s Food Delivery COO Rinshul Chandra resigns
Entrackr
·
4m ago
Medial
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.
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Zomato launches Nugget, in-house AI enabled customer support platform
Livemint
·
5m ago
Medial
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.
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Zomato parent Eternal grants stock options worth Rs 26 crore to employees
Economic Times
·
18d ago
Medial
Eternal, the parent company of Zomato, has granted stock options valued at Rs 26.1 crore to its employees. Eligible employees will receive approximately 10.13 lakh shares, with each option convertible into one equity share. These options, as part of the Zomato Employee Stock Option Plan 2021, can be exercised within a specified period. Eternal is also set to announce its financial results for the June quarter, with analysts predicting varied performance in different business sectors.
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Deepinder Goyal reveals reason for changing ‘accidental company’ Zomato’s name to ‘Eternal’: ‘It scares me to my core…’ | Company Business News
Livemint
·
6m ago
Medial
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.
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Eternal denies reports of Rakesh Ranjan's departure as food delivery head
YourStory
·
3m ago
Medial
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.
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Food delivery giant Zomato gets government nod for name change to Eternal Ltd
Economic Times
·
4m ago
Medial
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.
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No obvious threat, says Eternal CEO Goyal on new entrants in food delivery space - The Economic Times
Economic Times
·
18d ago
Medial
Eternal CEO Deepinder Goyal isn't concerned about new entrants like Rapido entering the food delivery space, as he believes there's no current innovation posing an "obvious threat." Rapido plans to launch its food delivery app, Ownly, in Bengaluru, charging lower commissions compared to competitors like Zomato and Swiggy. Eternal is expanding with a new subsidiary, Blinkit Foods, while Swiggy introduces the ‘99 store’ amidst rising competition and slow demand in the food delivery segment.
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Eternal gets Rs 1.34 Cr GST demand order for FY22, plans to appeal
YourStory
·
1d ago
Medial
Eternal, a consumer tech platform, received a Rs 1.34 crore GST demand from the Uttar Pradesh State Tax Authority for the FY 2021–22. The demand includes taxes and penalties due to alleged short payment and excess input tax credit. Eternal plans to appeal the order, asserting a strong case on its merits. This situation is reminiscent of a past issue faced by Zomato, highlighting the ongoing complexities in the taxation of tech companies.
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