Zomato name change news: In a significant change for stock market transaction food delivery app Zomato has announced a name change to Eternal on stock exchanges. In the recent stock exchange filing Zomato has announced that it acquired Blinkit and had started using the term “Eternal”  internally (instead of Zomato) to distinguish between the company and the brand/app. Here are all the details about the Zomato name change and why it did it. “Our Board has approved this change today and I request our shareholders to also support this change. If and when it is approved our corporate website will transition from zomato.com to eternal.com. We will also change our stock ticker from ZOMATO to ETERNAL. Eternal will comprise four major businesses (as of now) – Zomato Blinkit District and Hyperpure Zomato CEO Deepinder Goyal said in a letter to shareholders. “We also thought that we would publicly rename the company to Eternal the day something beyond Zomato became a significant driver of our future. Today with Blinkit I feel we are there” said Deependra Goyal Co-founder of Zomato. The group CEO added that “we would like to rename Zomato Ltd. the company (not the brand/app) to Eternal Ltd”. Zomato App To Operate Under its existing name Despite the name change the Zomato app will continue to operate under its existing name. However the company’s stock ticker will now be updated from Zomato to Eternal. Eternal will serve as the umbrella brand for four major businesses -- Zomato Blinkit District and Hyperpure. These divisions represent the companys growing presence in food delivery quick commerce dining services and supply chain solutions as per a report by news agency IANS. Meanwhile the online food delivery giant clocked a 57 per cent decline in net profit (year-on-year) at Rs 59 crore in Q3 from Rs 176 crore in the same period last fiscal. However the company’s revenue from operations increased by 64 per cent to Rs 5404 crore in the latest quarter earnings announced on January 20. The expenses of the Gurugram-based food giant rose to Rs 5533 crore. In a letter to shareholders on January 20 the company shared updates on its progress and expansion plans stating that it aims to open 1000 new Blinkit stores by December this year. This announcement was made along with the financial results for Q3 ended on December 31 2024. (With inputs from agencies)