Zomato to Become Eternal After Board Approves Name Change
Key Highlights
Zomato has changed its name to Eternal after Board of Directors' approval.
Zomato brand and mobile application will remain as they are.
The update was announced by CEO Deepinder Goyal.
Zomato is on the move and this time it's changing its name to Eternal. The Board of Directors has approved the resolution for this, and the company has also initiated the required procedure to do this. The Zomato community has shared its response on X.
There is an update on Deepinder Goyal’s Chief of Staff hiring. However, the major focus is on Zomato being renamed Eternal.
New Name of Zomato is Eternal
The food delivery company has filed a letter with the BSE, informing the stock exchange about the approval of Eternal as the new name for Zomato. The Board of Directors has approved the new name as the core idea is to publicly distinguish the company and brand/application. Eternal will comprise a total of four businesses, namely Blinkit, Hyperpure, District, and Zomato.
According to a report by MoneyControl, it is only the company & stock exchange ticker that are being changed and not anything else. ZOMATO will soon start appearing as ETERNAL, and will be renamed to Eternal Ltd.
Deepinder Goyal published a post on X to share the news but only wrote ‘announcement’ with a link to the letter filed with the Bombay Stock Exchange. The report by MoneyControl has highlighted that Eternal was initially being used internally to distinguish between the company and brand or application, adding that they have been meaning to change the name publicly once something beyond Zomato became their significant driver.
Zomato (now Eternal) CEO has called Eternal a powerful name, stating that it carries a promise and a paradox. He has also said that Zomato’s new name is a mission statement and not just a name change.
The announcement comes a day after Deepinder Goyal shared an update on hiring the Chief of Staff. He said that they received over 18,000 applications, out of which they met more than 150 talented candidates. Eighteen candidates have joined Zomato and other businesses of the company on handsome compensation.
Reaction of Zomato Community to Eternal
The Zomato community majorly consists of customers and its followers on social media. Most of them have warmly received the new name but some of them have shared suggestions. One X user, Manas Muduli, has suggested making one super app where the company places all its brands together so that customers don’t have to download different applications.
Another community member has said that it felt like ‘Google and Alphabet type change’. One Zomato community member has even sought the story behind the new name of Zomato, Eternal.
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No matter the reaction, Deepinder Goyal and the Board of Directors are determined to give Zomato a new name, Eternal.
Order from Zomato, the App
That’s right, when any one says that they are ordering from Zomato then it will be from Eternal’s Zomato with no mix-up with its parent company. The mobile application will still have the same name and logo following the name change, and customers will be able to find it on their mobile phones at the same spot.
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