Zomato Renamed Eternal: As soon as the Zomato board approved Eternal to be the new name for its parent company, Zomato reported a successful trading increase today. A slight boost in the numbers was monitored as the company announced a name change in its branding. Let’s unleash the suspense behind ‘Zomato renamed Eternal’ news and know more about the company.

Brief Background of Zomato

Their technological platform, which was introduced in 2010, links customers, delivery partners, and restaurant partners to meet their various needs. When dining out, patrons utilize their platform to find restaurants, order food delivery, reserve a table, write and read reviews, browse and submit images, and pay for their meals. However, in addition to offering a dependable and effective last-mile delivery service, they also give restaurant partners industry-specific marketing tools that help them interact with and attract customers in order to expand their businesses.

Additionally, Zomato runs Hyperpure, a one-stop procurement system that provides restaurant partners with premium ingredients and kitchenware. They also offer clear and adaptable revenue opportunities to their delivery partners.

Trading Surge: Zomato Renamed Eternal

On the most recent trading day, Zomato’s shares showed a minor decrease, opening at ₹234.15 and closing at ₹231.25. The day’s high and low for the stock were ₹234.60 and ₹226.80, respectively. Given that Zomato’s market capitalization is ₹207,589.48 crore and that it has experienced a 52-week low of ₹138.05 as well as the ₹304.50 (52-week high). 2,015,690 shares were recorded as the BSE volume. The trading surge of 1% today was witnessed as Zomato renamed Eternal as per the yesterday’s stock filing of the company.

Reason Why Zomato Renamed Eternal?

The company’s growth into new markets, such as B2B kitchen supplies, lifestyle applications, and quick-commerce services, necessitated renaming the parent company, according to the CEO Deepinder Goyal. The CEO even rejected the allegation regarding the dismissal of the name Zomato, stating that the Zomato app would not be renamed, and that Eternal is an internal term. The Zomato app will remain the same, but the stock ticker will change from Zomato to Eternal. As of right now, Eternal will consist of four significant companies:

• District,
• Hyperpure,
• Blinkit,
• Zomato.

“To be really honest, I’m terrified of the word eternal because it’s so strong. It’s quite a challenge to meet. Because ‘Eternal’ has a paradox as well as a promise,” Goyal continued in his clarifications. As per the founder, this is a goal statement rather than only a name change. The determination to persevere is ingrained in their identity, not because they are there but rather because they must go there.

Conclusion

Although ‘Zomato Renamed Eternal’ has been surfacing all over twitter since the company filing was reflected on the 6th of February 2025, the corporation will now wait for its shareholders to ratify the name change, even though the board has approved it.

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