Footnotes / references Financials as of 31 March 2025[update].[4]
Eternal Limited (formerlyZomato Limited) is an Indiantechnology company, based inGurgaon. It is the parent company of food delivery platformZomato, quick-commerce companyBlinkit, events and ticketing platform District, and food supply business Hyperpure.[5]
On 18 January 2010, Deepinder Goyal and Pankaj Chaddah incorporatedDC Foodiebay Online Services Pvt Ltd.[1] The company operatedFoodiebay, a restaurant-listing-and-recommendation website they had started in 2008 while working forBain & Company. They later renamed the websiteZomato as they were unsure if they would "just stick to food" and to avoid a potential naming conflict witheBay.[6][7][8]
In 2011, Zomato expanded its restaurant discovery andlocal search services across various cities in India.[9] From 2012, it expanded internationally, and was operating in 21 countries by early 2015.[10]
In July 2014, the company made its first acquisition by buying New Zealand-based MenuMania.[11] The company pursued other acquisitions including lunchtime.cz and obedovat.sk for a combinedUS$3.25 million,[12] followed by Poland-based restaurant search service Gastronauci[13] and Italian restaurant search service Cibando.[14]
In January 2015, it acquired Seattle-based food portal,Urbanspoon, for an estimated US$60 million.[15] Later that year, it acquired Turkish company Mekanist in an all-cash deal.[16]
In March 2015, Zomato started its food delivery service in India,[10] initially partnering with hyperlocal logistics companies such asDelhivery, Grab and Runnr to fulfill deliveries from restaurants that did not have their own delivery service.[17][18] The company's subsequent acquisitions such as the Delhi-based startup MapleGraph that built MaplePOS (renamed Zomato Base),[19] table reservation and restaurant management platform NexTable (renamed Zomato Book),[20] and Gurgaon-based logistics technology startup Sparse Labs (renamed Zomato Trace) were integrated with Zomato.[21] In 2017, it acquired the delivery startup Runnr.[18]
In 2017, the firm announced the launch of Zomato Infrastructure Services, acloud kitchen infrastructure service provider for partner restaurants.[22] In 2018, the company shut down operations of Zomato Infrastructure Services.[23] The company then acquired Wotu Technologies and rebranded it as Hyperpure to supply food ingredients such asgrains,vegetables andmeat to restaurants from its warehouses.[24][25]
In September 2018, the company acquiredBengaluru-based foode-marketplace, TongueStun Food, for about US$18 million in a cash and stock deal.[26] In December 2018, it acquired aLucknow-based drone startup, TechEagle Innovations for an undisclosed amount,[27] aiming to start drone-basedfood delivery in India using a hub-to-hub delivery network.[28]
A concert at 2020 Zomaland in Bangalore
In December 2018, it launched its annual multi-city food and entertainment carnival called Zomaland.[29]
In January 2020, the company acquiredUber Eats' India business in an all-stock deal, givingUber a 9.99% stake in the company.[30]
In July 2021, the company went public, opening itsinitial public offering at a valuation of overUS$8 billion.[31] In November 2021, it acquired a 16% stake in hyperlocal e-commerce company Magicpin, 8% stake in logistics company Shiprocket and a 6.4% stake in fitness startup CureFit.[32]
In June 2022, the company announced the acquisition of quick-commerce companyBlinkit forUS$568 million.[33]
In October 2023, the company started offering hyperlocalpackage delivery service on a new app called Xtreme.[34] The service was shut down in July 2024.[35]
In August 2024, it acquiredPaytm's event ticketing subsidiaries Wasteland Entertainment Private Limited (WEPL) and Orbgen Technologies Private Limited (OTPL) for $244.2 million.[36] In November 2024, the company launched its events and ticketing app called "District" after consolidating WEPL and OTPL.[37]
In February 2025, Zomato Limited was renamed as Eternal Limited.[5][38]
2010–2013: It raised approximatelyUS$16.7 million fromInfo Edge across four rounds; Info Edge held a 57.9% stake in Eternal Limited in February 2013.[39] In November 2013, Eternal Limited raisedUS$37 million fromSequoia Capital and Info Edge.[40]
November 2014: It completed another round of funding ofUS$60 million at a post-money valuation of ~US$660 million.[41] This round of funding was being led jointly by Info Edge and Vy Capital, with participation from Sequoia Capital.[42]
April 2015: Info Edge, Vy Capital and Sequoia Capital led another round of funding forUS$50 million.[43] This was followed by anotherUS$60 million funding led byTemasek, aSingapore government-owned investment company, along with Vy Capital in September.[44]
February 2018: It became aunicorn startup after raisingUS$200 million fromAnt Financial at a valuation ofUS$1.1 billion.[45] In October 2018, It reported that it would raise an additional $210 million from Ant Financial at a valuation of around $2 billion.[46]
September 2020: It raised $62 million from Temasek, after previously committed investment from Ant Financial did not come through.[47] In October 2020, as part of a Series J round of funding, Zomato raised $52 million from Kora, a US-based investment firm.[48]
February 2021: It raisedUS$250 million from five investors, includingTiger Global Management, at a valuation ofUS$5.4 billion.[49]
₹20,243 crore (US$2.4 billion) (2025)