Shareholders support the proposal to rename Zomato's parent company Eternal
Zomato Becomes Eternal: Zomato shareholders have approved the proposal to change the name of the parent company to Eternal Limited. With this, the way has been cleared to change the official name of the company from Zomato to Eternal. Let's know about this in detail.
Shareholders of the food ordering website Zomato have approved the resolution for the renaming of the holding company to be known as Eternal Limited. This paves the way for the renaming of the company to Eternal.
They will have four verticals. They are the food delivery business Zomato, quick commerce business Blinkit, going-out vertical District, and business-to-business (B2B) grocery supply business Hyperpure. The company is renaming itself for the second time with the adoption of the Eternal brand. Zomato was launched in the year 2008 by the name Foodibay, which was subsequently changed to Zomato in the year 2010.
It was only after the acquisition of Blinkit (formerly Grofers) in 2022 that the parent company was internally renamed Eternal. An organizational restructuring was also carried out. Under this, several businesses came under the umbrella of a larger company, and each of these companies had its own separate CEO.
Company co-founder Deepinder Goyal wrote in a letter to shareholders, "When we acquired Blinkit, we started using 'Eternal' (in place of Zomato) internally to differentiate between the company and the brand/app." He added, "We also thought that the day the right time would come we would publicly change the name of the company to Eternal. Today, working with Blinkit, I feel that time has come."
