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Eternal (formerly Zomato) | A holding company where 70% of revenue has shifted to Blinkit

2026.03.26

Article summary
Zomato changed its name to Eternal Limited in 2025 and became a holding company covering Zomato for food delivery, Blinkit for quick commerce, Hyperpure for restaurant supply, and District for going-out experiences. Effective February 1, 2026, founder Deepinder Goyal stepped down as CEO and Albinder Singh Dhindsa, who came from Blinkit, took the role, with Goyal becoming vice chairman. Consolidated revenue for FY2026 (fiscal year ended March 2026) was ₹54,364 crore (1 crore = 10 million rupees), though the shift of Blinkit to an inventory-owned model makes year-on-year comparison unsuitable. For Japanese food companies, the point of contact is Hyperpure, the restaurant supply business, which turned an EBIT profit of ₹16 crore in FY2026 (FY2025: minus ₹43 crore). Because of the same model change, Hyperpure's reported revenue for January to March 2026 was down 47% year on year.
This article is based on what we could verify As of September 19, 2026 This page is based on the disclosures and news reports from each company that we were able to confirm as of that date. Amounts in the text follow the notation commonly used in India, with ₹1 crore = 10 million rupees, and yen figures are approximations calculated at a little over 1.7 yen to the rupee. Store counts, funding raised, and results at Indian companies change over short periods, so when making a business decision, please check the latest information in primary sources such as each company's own announcements.

Zomato changed its name to Eternal Limited in 2025, and is now a holding company bringing together four businesses: Zomato in food delivery, Blinkit in quick commerce, Hyperpure in food ingredient wholesale for restaurants, and District in going-out experiences. In FY2026 the mix changed to the point where Blinkit accounts for close to 70% of consolidated revenue.

Company profile

Item Details
Year founded 2008
Headquarters Gurugram (Haryana)
Founder Deepinder Goyal (stepped down as CEO in February 2026 and moved to vice chairman)
CEO Albinder Singh Dhindsa (as of February 1, 2026. Came from Blinkit)
Revenue ₹54,364 crore (FY2026 = fiscal year ended March 2026 / approx. 946 billion yen). FY2025 was ₹20,243 crore
Listing Listed on the BSE and NSE
Main brands Zomato (food delivery), Blinkit (10-minute delivery), Hyperpure (food ingredient wholesale for restaurants), District (going-out experiences)

The company's center of gravity has moved from delivery to retail

Deepinder Goyal, who served as group CEO for 18 years from the founding, stepped down, and as of February 1, 2026 Albinder Singh Dhindsa, who had been leading Blinkit, became CEO. Goyal remains as vice chairman, subject to shareholder approval. The head of quick commerce becoming the head of the whole company shows directly where the company's center of gravity has moved.

Consolidated revenue for FY2026 was ₹54,364 crore, a large increase from ₹20,243 crore the year before, but this is because Blinkit switched to holding inventory on its own books from the first quarter of the fiscal year ended March 2026, which had the large effect of putting the price of goods into revenue. It is not suited to a simple comparison with the year before.

What Japanese food makers should look at is Hyperpure

Of the four brands, the one that is a direct point of contact for Japanese food companies is Hyperpure. This is a business that wholesales ingredients to restaurants, delivering vegetables, meat, dairy, seasonings and packaging materials together. Restaurants in India have traditionally bought item by item at the market, but the more chains spread, the more demand there is for buying everything from one supplier.

EBIT for FY2026 turned positive at ₹16 crore (FY2025: minus ₹43 crore). On a quarterly basis, restaurant supply revenue for January to March 2026 rose 37% year on year on a like-for-like basis. Reported revenue for the same quarter, however, was ₹978 crore, down 47% from a year earlier. This is because Blinkit moved to holding inventory itself, shifting part of what had been booked under Hyperpure to the quick commerce side. In 2026 the business widened its coverage from large chains to smaller restaurants as well.

If you want to sell foodservice ingredients to restaurants in India, there is the option of listing here rather than calling on stores one by one. At present, though, it centers on fresh produce and general goods, and how far imported processed ingredients are handled needs to be checked.

Points for Japanese companies

Zomato if you run a restaurant in India, Blinkit if you sell consumer goods, Hyperpure if you sell foodservice ingredients. Because one group holds three entrances, the counterpart you deal with and the terms both change depending on which business you work with.

The fact that the same group holds both the delivery commission charged to restaurants and the wholesale of ingredients is also a structure to keep in mind as a trading partner.

Reference Information

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