As food delivery giant Zomato announced its decision to rebrand its parent company to Eternal Ltd., netizens flooded social media with memes and jokes, prompting the company to issue a clarification.

Zomato is rebranding to Eternal Ltd. pending shareholder approval. This change involves updating the companys name, website, and stock ticker symbol. Eternal Ltd. will serve as the parent entity for Zomato,

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.

Signalling a strategic shift away from its wildly popular food delivery business, Zomato announced its parent company name changed to Eternal Ltd. on Friday. Confirming the development to Mint, Chief Executive Deepinder Goyal said on 6 February,

Deepinder mentioned that out of over 18,000 applications, 30 exceptional candidates received offers, and 18 have already joined Zomato in high-impact roles.

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 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.

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

Indian apps continue to dominate global markets. Zepto’s rise shows the growing influence of Indian startups on the world stage.

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