Tag: eternal

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As Eternal names a new CEO, a look back at Zomato’s journey

Eternal — the parent company of Zomato and Blinkit — announced in a stock exchange filing on Wednesday that its founder Deepinder Goyal...

Bitcoin drops to $95,000 on US regulatory worries

Bitcoin pulled back toward the $95,000 mark after briefly surpassing $97,000, as key regulatory developments in the US weighed on investor sentiment. The...

Zepto claims Hyderabad accident victim was not its delivery partner

Quick commerce platform Zepto clarified in a post on X that an individual who reportedly died in a road accident in Hyderabad was...

Eternal CEO Deepinder Goyal enters new arena of debate: Capitalism, class divide and gig economy

As the social media discussions and debates around gig workers, their demands and allegations of violence evolved since the December 31 strike, Zomato...

Zomato strike backed by ‘0.1% miscreants’, says CEO Deepinder Goyal

In a striking revelation, Eternal CEO Deepinder Goyal said that “our delivery partners did not want to go on strike yesterday (December 31).”In...

Zepto’s IPO set to put quick-commerce giants under market scrutiny

Zepto’s confidential filing for a $1.3-billion initial public offering is set to put India’s quick-commerce sector into the public-market spotlight next year, with...

Meesho’s 79X IPO subscription one of highest among new-age companies

The bookbuilding process for ecommerce marketplace Meesho’s initial public offering (IPO) closed Friday with investors bidding for 79 times the shares on offer...

Uber not a holding company: CEO Dara Khosrowshahi on why he sold Zomato stake

Uber selling its stake in Eternal, erstwhile Zomato, three years ago was a decision driven by the need to stick to core competencies,...

Quick commerce companies slow dark stores buildout to control cash burn

After a year of rapid expansion of dark stores, quick commerce firms are pulling back on adding such warehouses to control their cash...

“Will grow Blinkit’s market share aggressively”: Eternal CFO Akshant Goyal

Quick commerce platform Blinkit continued to weigh on parent company Eternal’s profitability in the January–March quarter, as it ramped up its dark store...