Company Profile of Eternal Limited

Corporate Overview

Eternal Limited is a diversified Indian internet company that operates in four key consumer-facing verticals: food delivery, quick commerce, B2B restaurant supplies, and event ticketing. Originally founded as Zomato, the company evolved from a restaurant discovery portal into a large-scale tech platform and was officially renamed Eternal Limited in March 2025, signaling a broader strategic shift beyond just food.

📆 Historical Milestones:

• 2010: Founded as Foodiebay (DC Foodiebay Online Services Pvt. Ltd)
• 2012: Rebranded as Zomato Media Pvt. Ltd
• 2021: Went public as Zomato Limited
• 2025: Rebranded to Eternal Limited to reflect a multi-vertical strategy

---

🧩 Business Segments

1. Zomato

• Flagship food delivery and restaurant discovery brand.
• Services include restaurant search, table reservations, dining-out offers, and customer loyalty (Zomato Gold/Zomato Pro).
• Competes with Swiggy in the Indian food delivery space.

2. Blinkit

• A quick commerce platform offering 10-20 minute deliveries for groceries, daily essentials, beauty, electronics, and more.
• Originally acquired as Grofers in 2021 and rebranded to Blinkit.
• Now Eternal’s fastest-growing business unit, overtaking Zomato in Gross Order Value (GOV).

3. Hyperpure

• A B2B arm that supplies fresh produce, meat, dairy, packaged food, and kitchen essentials directly to restaurants.
• Helps ensure quality sourcing for Zomato’s restaurant partners.

4. District

• Eternal’s event management and ticketing arm.
• Recently integrated with Paytm’s event & ticketing assets post-acquisition.
• Hosts concerts, stand-up shows, food fests, and more, aiming to become India’s leading “experience commerce” platform.

---

👨‍💼 Leadership & Governance

• Deepinder Goyal – Co-founder & CEO
• Akshant Goyal – CFO
• Rakesh Ranjan – Head of Food Business
• Albinder Dhindsa – CEO, Blinkit
• Sandhya Sethia – Company Secretary

The company is backed by key institutional investors including Info Edge, Ant Group, and several global funds.

---

💰 Financial Performance – Q1 FY2025

🚀 Key Highlights:

• Revenue: ₹3,853 crore (~42% YoY growth)
• Net Profit: ₹25 crore (↓90% YoY due to Blinkit expenses)
• Gross Order Value:
  • Blinkit: ₹9,203 crore (↑127% YoY)
  • Zomato: ₹8,967 crore
• Blinkit’s contribution to Eternal’s top line is now larger than Zomato for the first time.

📈 Market Reaction:

• Eternal’s stock hit an all-time high of ₹311.6, rising 14% after Q1 earnings.
• Jefferies, an international brokerage, upgraded the stock to “BUY” with a revised target of ₹400/share.

📉 Expense Note:

• Profitability dropped due to:
  • High inventory and fulfillment costs at Blinkit
  • Continued investment in dark stores and delivery infrastructure

---

🧭 Strategic Shifts

• Name Change to Eternal Limited: Reflects a shift away from being seen as a “food company” to a multi-vertical consumer-tech brand.
• Inventory-led Model in Blinkit: Moving from a marketplace to an inventory-based model to boost speed and margins.
• Focus on ‘Going-Out’ Economy: With District, Eternal is aiming to dominate offline event and entertainment consumption.

---

📊 Shareholding Structure (As of July 2025)

Shareholder	Stake (%)
Info Edge	~13.7%
Antfin Singapore	~4.3%
Deepinder Goyal	~4.2%
Public & Institutions	~77.8%

---

🌍 Global Presence

While its core operations are in India, Eternal had international footprints in the Middle East and Southeast Asia in earlier years but has since exited unprofitable markets. Its current focus is on deepening the Indian market, especially Tier-2/3 cities.