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.

Zomato will be renamed Eternal Ltd. following board approval. CEO Deepinder Goyal announced the change, stating it reflects the company's mission and future direction with businesses like Zomato, Blinkit,

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.

Deepinder mentioned that out of over 18,000 applications, 30 exceptional candidates received offers, and 18 have already joined Zomato in high-impact roles.

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.

Deepinder Goyal has rebranded Zomato as Eternal Ltd. and changed its stock ticker to ETERNAL. The company now focuses on four verticals: food delivery, quick commerce, B2B restaurant supplies, and a new undisclosed venture.

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 CEO Deepinder Goyal has a new job offer, this time for candidates who use artificial intelligence as their "second brain."

Indian apps continue to dominate global markets. Zepto’s rise shows the growing influence of Indian startups on the world stage.

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.