Zomato CEO Deepinder Goyal, in his letter to shareholders, revealed the reason behind changing the company’s name to ‘Eternal.’ Shares closed lower ahead of announcement on Thursday.

New Delhi: Zomato Ltd on Thursday announced that its board has apporved the change of name of the company to Eternal Ltd., marking a significant transformation in its corporate identity. Deepinder Goyal, CEO, Zomato made this announcement on his official social media handle on X by posting the formal announcement letter.

Zomato, the food delivery company, will no longer be called by the same name, as the company’s board has approved the change in the name (Zomato’s name change), according to its CEO Deepinder Goyal.

Eternal is not a new name that Zomato had adopted suddenly, instead they first used the name when the company acquired quick-services application, Blinkit.

Zomato Ltd has changed its company name to Eternal Ltd, Co-founder and CEO Deepinder Goyal shared in a statement on X.

The change is subject to the approval of shareholders of the company, the Ministry of Corporate Affairs, and other applicable statutory authorities, as required, according to a regulatory filing.

Zomato has announced a major rebranding move that left many wondering if the popular food delivery app would get a new name. CEO Deepinder Goyal revealed on Thursday that the parent company, Zomato Ltd.

The Board of Director of Zomato Ltd has approved the change in the name of the company from Zomato Ltd to Eternal Ltd.