Food delivery and restaurant discovery company Zomato is officially Eternal now. The company announced its shareholders’ approval to a special resolution for changing the company’s name to Eternal and consequent alteration in the Memorandum of Association (MoA) and Articles of Association (AoA), according to a stock exchange filing by the company.
The approval comes nearly a month after the company CEO Deepinder Goyal announced the landmark move in its aim to shift beyond food delivery and expand into multiple business verticals.
Zomato’s corporate website zomato.com will now transition to eternal.com and its stock ticker will switch from ZOMATO to ETERNAL.
The new name applies to the parent entity housing four businesses: food delivery arm Zomato, quick-commerce unit Blinkit, going-out business District and B2B grocery business for restaurants Hyperpure.
“To work at Eternal will be to wake up every day knowing that our forever is earned in moments of self-doubt, in acknowledging our limitations, in our constant hunger to be better than we were yesterday. This isn’t just a name change; it is a mission statement. A reminder etched into our identity that we will endure — not because we are here, but because we need to get there,” Goyal said in a letter to shareholders.
The company has been using the name Eternal for its internal use after it acquired Blinkit (formerly Grofers) in 2022.
Goyal highlighted last month that the name “Eternal” had already been in internal use following the acquisition of Blinkit, the quick-commerce platform. He noted that the decision to publicly adopt the new name reflects the growing significance of businesses beyond food delivery in Zomato’s future. While the corporate entity will transition to Eternal Ltd., the food delivery platform will retain the Zomato brand.
The company had reported a 57 percent drop in its quarterly net profit at Rs 59 crore for third quarter of the current fiscal from Rs 138 crore during Q3 in FY24. Its revenue from operations increased 64 percent to Rs 5,404 crore from Rs 3,288 crore during the year-ago period.