Zomato to be renamed 'Eternal'; platform unveils new logo

Zomato Ltd has announced that its board has approved the change of name of the company to Eternal Ltd marking a significant transformation in its corporate identityDeepinder Goyal CEO Zomato made this announcement on his official social media handle on X by posting the formal announcement letterAnnouncement httpstcoUN3aL8XuR7mdash Deepinder Goyal deepigoyal February 6 2025The decision approved by the companys Board reflects Zomatos evolution beyond food delivery with businesses like Blinkit District and Hyperpure now playing a crucial role in its futureIn a heartfelt message to shareholders Goyal shared his reflections on the companys journey He recalled how Zomatooriginally launched as Foodiebay in 2007had its humble beginnings as a simple website to upload restaurant menusOver the years the company defied the odds to become Indias first tech startup to be listed on the BSE Sensex a moment he described as a source of both pride and responsibilityThis journey has created tremendous wealth not just for me but for our employees institutional investors and retail shareholders But I did not start Zomato to make money I started it because I wanted to do something worthwhile with my life Goyal statedThe decision to rename Zomato Ltd to Eternal Ltd stems from the companys broader vision of building an enduring institution that lasts beyond its current leadershipWe shape our institutions and then they shape us he said emphasizing that Eternal is more than just a name changeit represents a mission statementWith Blinkit emerging as a major driver of growth alongside its core food delivery business the leadership felt that the time was right for a rebranding that encapsulates the companys expanding portfolioTo work at Eternal will be to wake up every day knowing that our forever is earned in moments of selfdoubt in acknowledging our limitations in our constant hunger to be better than we were yesterday he notedFollowing shareholder approval the company will transition its corporate website from zomatocom to eternalcom and change its stock ticker from ZOMATO to ETERNALThe new entity Eternal Ltd will encompass four major businesses Zomato food delivery Blinkit quick commerce District B2B logistics and Hyperpure restaurant suppliesA company has multiple founding moments and I hope this change is another one in our journey into the future Goyal concludedThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever