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.

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.

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.

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

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.

Eighteen people have already joined Zomato and other group companies like Blinkit in high-impact roles, Goyal said.

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.

The Board of Director of Zomato Ltd has approved the change in the name of the company from Zomato Ltd to Eternal Ltd.