In a move to further establish itself in the market, food delivery company Zomato Limited has officially changed its name to Eternal Limited. Despite the name change, the brand will still be known as Zomato. The decision to change the name came after the company's acquisition of Blinkit and its increasing significance in the company's future plans. The successful listing of Zomato on the stock market in 2021 and its inclusion in the BSE Sensex in 2024 solidifies its position in the industry.
Zomato Rebrands as Eternal Limited: Expansion and Future Growth
Background
Zomato Limited, a leading Indian food delivery company, has announced its official name change to Eternal Limited. The move is part of the company's strategy to further establish its market presence and support its growing business operations.
Name Change: Eternal Limited
The name Eternal Limited signifies the company's aspirations for longevity and resilience in the industry. Despite the name change, the brand will continue to operate under the familiar name Zomato.
Acquisition of Blinkit and Future Plans
The name change coincides with Zomato's acquisition of Blinkit, a quick commerce platform. Blinkit's integration into Zomato's offerings is expected to strengthen the company's position in the online grocery and delivery segments.
Stock Market Success
Zomato's successful listing on the stock market in 2021 and its subsequent inclusion in the BSE Sensex in 2024 have solidified its position as a major player in the industry.
Top 5 FAQs
1. Why did Zomato change its name to Eternal Limited?
To signify its commitment to long-term growth and expand its business operations.
2. Will the Zomato brand be affected by the name change?
No, Zomato will continue to be the operating brand.
3. What are the benefits of the Blinkit acquisition?
Blinkit's integration strengthens Zomato's presence in online grocery and delivery.
4. How has Zomato's stock market performance been?
Zomato has had a successful listing and is now included in the BSE Sensex.
5. What are Zomato's future plans?
Zomato plans to leverage its expanded offerings and technology to drive further growth and innovation in the food delivery and grocery segments.
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