New Delhi:
ZOMATO NAME Change: The board of veteran food delivery company Jomato on Thursday has approved the name of the company to ‘Eternal’. The company said in the stock exchange filing that when we acquired the blinkit, since then we started using the eternal name instead of Zomato, so that the difference between the company and the brand/app could be made.
Jomato founder and CEO Deepinder Goyal said in a letter to the shareholders, “Our board has approved this change today and I request my shareholders to support this change too.” If it gets approval, then the address of our corporate website will be changed from ‘Jomato.com’ to ‘Internal.com’.
After all, why is Zomato changing your name?
Deepinder Goyal said that we thought that the day the company would achieve an important position in future, then we will publicly make the company name publicly with Jomato. Today with the blinkit, I think that moment has come. Goyal further said that we are changing the name of the company from Jomato Limited to Eternal Limited. There will be no change in the name of the food delivery brand/app.
Will the name of Jomato app also change?
After changing the name of the company, the Jomato app, which will take the online order and facing the grocery, will continue to operate with its current name as before. However, on the stock exchange, the company’s name will be changed from Zomato to Eternal.
There will be four businesses under the Eternal, including Zomato, Blinkit, District and Hyperpire. At present, the company is trading in food delivery, Quick Commerce, Dining Services, Ticket Booking and Supply Chain Solutions.
Plan to open 1,000 blinkit stores in the country by the end of the year
In the third quarter of FY 25, the profit of Zomato has fallen by 57 percent to Rs 59 crore, which was at 176 crores in the same quarter of the previous financial year, during which the company’s income from operating has increased by 64 percent to Rs 5,404 crore. . The company’s total expenditure in the third quarter of the current financial year was Rs 5,533 crore. The company had told the shareholders about its expansion, saying that it plans to open 1,000 blinkit stores in the country by the end of this year.