Tycoon Scores Major Win: Deepinder Goyal’s $2.7 Billion Enterprise Rebrands As [New Name]
Zomato Rebrands as Eternal Ltd, Shareholders Approve Name Change
In a move that has sent shockwaves through the tech industry, food delivery platform Zomato has officially transformed into Eternal Ltd, a name change that comes just a month after the company’s initial rebranding announcement. According to a recent stock exchange filing, Zomato’s shareholders have given their stamp of approval for the name change, with the Memorandum of Association and Articles of Association of the Company also receiving amendments.
The decision to rebrand as Eternal Ltd was announced by Zomato CEO Deepinder Goyal in a letter to shareholders, who stated that the change was necessary to reflect the company’s growing focus on its other business ventures, particularly Blinkit. Goyal explained that the move was intended to distinguish the company from its brand, Zomato, and to signal the brand’s transition to a new era of growth and innovation.
The renaming of Zomato to Eternal Ltd now makes it clear that the food delivery platform will continue to operate independently, with no changes to the app or services offered. At the same time, the new parent company, Eternal Ltd, will oversee a portfolio of businesses that includes Zomato, Blinkit, District, and Hyperpure. As of March 10, Zomato’s market capitalization stood at a staggering Rs 1.91 lakh crore.
The rebranding effort has been met with a mix of reactions from stakeholders, with some expressing concerns about the potential impact on the company’s brand recognition and customer loyalty. However, industry experts believe that the change will ultimately benefit the company by allowing it to separate its brand identity from its overall business operations.
The approval of the name change marks a significant milestone for Zomato, which has been steadily expanding its reach and diversifying its services. With this new development, the company is poised for even greater growth and success in the competitive food delivery and e-commerce space. As the company continues to evolve, one thing is certain: Eternal Ltd is poised to make a lasting impact on the industry.
Original Source: https://www.india.com/business/deepinder-goyal-gets-approval-to-rename-rs-191000-crore-company-it-will-now-be-called-zomato-eternal-ltd-blinkit-district-hyperpure-7674272/
Category : Business,Deepinder Goyal,Eternal Ltd,Food delivery platform,Zomato
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Publish Date: 2025-03-11 23:48:00
