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Feb 6 (Reuters) - Indian food and grocery delivery
platform Zomato ZOMT.NS said on Thursday it will rename the
company to "Eternal" and unveiled a new logo, a move that comes
more than two years after it began using the new name
internally.
Eternal would comprise its four major businesses - food
delivery vertical Zomato, quick-commerce unit Blinkit, live
events business District and kitchen supplies unit Hyperpure,
the company said.
"We thought of publicly renaming the company when something
beyond Zomato became a significant driver of our future,"
Founder Deepinder Goyal said in a letter to shareholders.
"Today, with Blinkit, I feel we are here," Goyal said.
The move marks a shift for the company, from when investors
were skeptical about Zomato's acquisition of Blinkit in
mid-2022, to quick commerce-led growth drawing increasing
investor interest.
Blinkit as well as early bird Swiggy's SWIG.NS Instamart
have driven a shift in the way Indians shop, and forced
retailers such as Reliance Industries' RELI.NS JioMart as well
as Amazon AMZN.O and Walmart's WMT.N Indian business to
launch their own quick-commerce services.
(Reporting by Kashish Tandon in Bengaluru; Editing by Savio
D'Souza and Mrigank Dhaniwala)
((Kashish.Tandon@thomsonreuters.com; 8800437922;))