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There's been a buzz lately about food and grocery delivery giant Zomato changing its name to ‘Eternal.’ On Thursday, the company confirmed that its board had approved the name change for the parent entity.

In a letter to shareholders, Zomato’s Founder and CEO, Deepinder Goyal, stated,
"Our board has approved this change today, and I request our shareholders to also support it. If and when the change is approved, our corporate website will transition from zomato.com to eternal.com. We will also update our stock ticker."

This announcement sparked confusion among users, with many speculating whether Zomato itself was undergoing a complete rebranding. However, the company quickly clarified that this was not the case.

Zomato Remains, Eternal is the Parent Company

Addressing the confusion, Zomato reassured users via a post on X (formerly Twitter):
"Guys, Eternal is the parent company – the app will remain Zomato."

So, while the corporate name is changing, the food delivery app and brand will continue operating under the Zomato name as usual.

Expansion Plans Under ‘Eternal’

Deepinder Goyal explained that ‘Eternal’ will serve as the umbrella company overseeing four key businesses:

  • Zomato (food delivery)
  • Blinkit (quick commerce/grocery delivery)
  • Hyperpure (restaurant supplies)
  • Dining Out (formerly known as Zomato’s restaurant business, District)

According to Goyal, the decision to rename Zomato Ltd to Eternal Ltd was driven by the company’s growth beyond food delivery. He noted that after acquiring Blinkit, they internally began using ‘Eternal’ to differentiate between the broader company and the Zomato brand.

"We always thought that the day something beyond Zomato became a significant driver of our future, we would publicly rename the company. Today, with Blinkit’s growth, that time has come."

Zomato’s Stock Performance

Following the announcement, Zomato’s stock opened in the green on Friday, starting at ₹230.95 per share, up from the previous close of ₹229.05 on the BSE. The stock was last seen trading at ₹233.70, marking a 2.03% increase.

During the session, Zomato’s stock hit a high of ₹233.95 and a low of ₹229.40. The company's market capitalization now stands at ₹2,26,011 crore, with a 52-week high of ₹304.50 and a low of ₹139.10.


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