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Tag: HyperPure

  • Zomato serves profits on a hot plate, but GST bite still simmers

    Zomato serves profits on a hot plate, but GST bite still simmers

    MUMBAI: Eternal Limited (yes, the artist formerly known as Zomato) has dished out its full-year results for FY25 and it’s a mixed bag of spicy growth, some bitter tax overhang, and a sprinkle of strategic acquisitions.

    Clocking in a consolidated profit of Rs 527 crore, the company posted a sharp jump from Rs 351 crore last year. Total income rose to Rs 21,320 crore, up 64 per cent year-on-year, led by robust performance across its three main revenue streams food delivery (Rs 8,080 crore), Hyperpure B2B supplies (Rs 6,196 crore), and quick commerce (Rs 5,206 crore). Even its lesser-known “Going Out” vertical (think restaurant reservations and events) contributed a modest Rs 737 crore.

    But it wasn’t all gravy. Eternal continues to battle the ghosts of legacy operations, its subsidiaries Zomato Hyperpure, Blinkit, and Zomato Entertainment racked up accumulated losses of Rs 877 crore, Rs 2,328 crore, and Rs 130 crore respectively. Blinkit alone dragged down segment results, contributing to a Rs 21 crore loss in the quick commerce vertical, though that’s a significant improvement over last year’s Rs 253 crore deficit.

    The company also weathered a Rs 420 crore GST storm, with demand orders from Maharashtra and West Bengal authorities for taxes and penalties on delivery charges from 2019 to 2022. While Eternal believes it has a “strong case on merits” and has appealed the orders, the final outcome remains up in the air.

    Adding to its expansion menu, Eternal acquired the movie and event ticketing arms of Paytm Orbgen and Wasteland Entertainment in a Rs 2,014 crore deal, booking a combined Rs 1,020 crore in goodwill in the process.

    The company isn’t shying away from splurging either. It raised a cool Rs 8,500 crore through a QIP, and ploughed much of it back into investments, with mutual fund units, bonds and subsidiaries eating up a significant portion. Yet, Eternal ended the year with a hefty Rs 666 crore in cash, even after burning Rs 7,993 crore on investments and spending Rs 8,042 crore on financing activities.

    Employee stock options continue to be a favoured dish over 477 million shares were allotted to the ESOP trust this year.

    So, while the food’s hot and the numbers are sizzling, it’s clear that Eternal is still in the kitchen cooking up clarity on the tax front and trying not to get burned.

  • Deepinder Goyal’s Zomato levels up to its final form: Eternal Ltd.

    Deepinder Goyal’s Zomato levels up to its final form: Eternal Ltd.

    MUMBAI: It’s official! Zomato, the brand that revolutionised food delivery in India, is stepping into a new era under the corporate name Eternal Ltd. Founder & CEO Deepinder Goyal has revealed this strategic transformation, marking a significant shift in the company’s vision beyond food delivery and into a broader, more enduring business ecosystem.

    Why the change? Well, when you’ve built a brand that’s synonymous with convenience, innovation, and sheer hustle, the next step is to future-proof it. Eternal Ltd. isn’t just a name—it’s a mindset. It represents a company that is built to last, a powerhouse that goes beyond Zomato’s food delivery dominance to encompass Blinkit, District, and Hyperpure.

    Revealing the motivation behind the rebrand, Goyal shared that Eternal isn’t about claiming invincibility—it’s about acknowledging the journey, the challenges, and the constant evolution required to stay relevant. “True permanence isn’t built on bold claims. It is forged in self-doubt, hunger, and the relentless pursuit of being better than yesterday,” he wrote in his letter to shareholders. Talk about poetic business moves!

    Beyond food, this marks the birth of a new age conglomerate. This shift signifies a larger play— Our beloved Zomato is no longer just about food. Eternal Ltd. will house four key businesses:

    .  Zomato (Food delivery and dining services)

    .   Blinkit (Quick-commerce champion)

    .   District (A yet-to-be-revealed exciting venture)

    .   Hyperpure (B2B food supply for restaurants)

    The company has already received Board approval for the name change, and once shareholders give the green light, Zomato Ltd. will officially become Eternal Ltd. The stock ticker will change from ZOMATO to ETERNAL, and the corporate website will transition from zomato.com to eternal.com.

    Seventeen years ago, Goyal started Zomato—then Foodiebay—by simply uploading restaurant menus online. Fast forward to today, and the company has become India’s first tech startup to enter the BSE Sensex, creating significant wealth for employees, investors, and shareholders alike. The journey from a menu aggregator to a top-30 listed Indian company has been nothing short of legendary.

    Eternal Ltd. aims to be bigger, bolder, and broader in its impact. With Blinkit’s meteoric rise in quick-commerce, the food-tech giant is looking at new growth engines that will keep it relevant for decades to come. This isn’t just a name change-it’s a statement of intent.

    For customers, nothing changes-Zomato will remain your favourite go-to for food cravings. But as a company, Eternal Ltd. is setting its sights on an even grander future, one where it plays a bigger role in shaping India’s digital commerce landscape.

    Final bite – A food delivery empire turning into a multi-industry conglomerate? That’s one eternal glow-up! Now, the only question that remains-what’s next on the menu?

  • Zomato to launch in 30 more cities

    Zomato to launch in 30 more cities

    MUMBAI: Restaurant search and discovery platform Zomato is launching in 30 more cities which will include Ajmer, Ambala, Anand, Anantapur, Bareilly, Bathinda, Bhavnagar, Bhilai, Durg, Haridwar, Jamshedpur, Kakinada, Karnal, Katni, Kolhapur, Kurnool, Meerut, Puducherry, Puri, Rajahmundry, Rajkot, Ratnagiri, Roorkee, Saharanpur, Sangli, Sangrur, Siliguri, Thrissur, Tirupati, and Ujjain.

    Zomato confirmed that its online ordering and food delivery service will now be present in 93 Indian cities. Zomato also added that it has 75,000 listed restaurants for food delivery and will be adding more 5,000 delivery personnel.

    As Zomato’s delivery services are currently available from 11am to 11pm, the company will soon introduce breakfast delivery and midnight meals as well. Zomato also added that they will expand HyperPure ingredients delivery service to Delhi NCR this month.

    Zomato CEO – food delivery Mohit Gupta said, “We have been surprised by the demand in tier II tier III cities and are therefore gung-ho on serving every last customer, in the smallest of towns in India. We will be the first to hit the 100 city mark and will continue to invest heavily to lead geographical penetration, in the food delivery market in India. We have seen market share grow in our main markets through the festive season and have plans for growth in December as well.”

    Zomato Founder and CEO Deepinder Goyal added, “We have experienced an overwhelming reaction to our expansion across all of our businesses – Gold, Food Delivery and Supply. The number of Gold memberships sold in Manila and Jakarta within a week is beating early numbers of Delhi and Mumbai. HyperPure has had great reception, and we are opening up our next centre in the NCR in a couple of weeks. The Food@Work business has also been expanding into new markets. And of course, the Food Delivery business is ramping up really well with the growth in main markets, as well as the reception in tier II tier III cities.”