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Eternal Limited
Eternal Limited (formerly Zomato Limited) is an Indian technology company, based in Gurgaon. It is the parent company of food delivery platform Zomato, quick-commerce company Blinkit, events and ticketing platform District, and food supply business Hyperpure.
On 18 January 2010, Deepinder Goyal and Pankaj Chaddah incorporated DC Foodiebay Online Services Pvt Ltd. The company operated Foodiebay, a restaurant-listing-and-recommendation website they had started in 2008 while working for Bain & Company. They later renamed the website Zomato as they were unsure if they would "just stick to food" and to avoid a potential naming conflict with eBay.
In 2011, Zomato expanded its restaurant discovery and local search services across various cities in India. From 2012, it expanded internationally, and was operating in 21 countries by early 2015.
In July 2014, the company made its first acquisition by buying New Zealand-based MenuMania. The company pursued other acquisitions including lunchtime.cz and obedovat.sk for a combined US$3.25 million, followed by Poland-based restaurant search service Gastronauci and Italian restaurant search service Cibando.
In January 2015, it acquired Seattle-based food portal, Urbanspoon, for an estimated US$60 million. Later that year, it acquired Turkish company Mekanist in an all-cash deal.
In March 2015, Zomato started its food delivery service in India, initially partnering with hyperlocal logistics companies such as Delhivery, Grab and Runnr to fulfill deliveries from restaurants that did not have their own delivery service. The company's subsequent acquisitions such as the Delhi-based startup MapleGraph that built MaplePOS (renamed Zomato Base), table reservation and restaurant management platform NexTable (renamed Zomato Book), and Gurgaon-based logistics technology startup Sparse Labs (renamed Zomato Trace) were integrated with Zomato. In 2017, it acquired the delivery startup Runnr.
In 2017, the firm announced the launch of Zomato Infrastructure Services, a cloud kitchen infrastructure service provider for partner restaurants. In 2018, the company shut down operations of Zomato Infrastructure Services. The company then acquired Wotu Technologies and rebranded it as Hyperpure to supply food ingredients such as grains, vegetables and meat to restaurants from its warehouses.
In September 2018, the company acquired Bengaluru-based food e-marketplace, TongueStun Food, for about US$18 million in a cash and stock deal. In December 2018, it acquired a Lucknow-based drone startup, TechEagle Innovations for an undisclosed amount, aiming to start drone-based food delivery in India using a hub-to-hub delivery network.
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Eternal Limited
Eternal Limited (formerly Zomato Limited) is an Indian technology company, based in Gurgaon. It is the parent company of food delivery platform Zomato, quick-commerce company Blinkit, events and ticketing platform District, and food supply business Hyperpure.
On 18 January 2010, Deepinder Goyal and Pankaj Chaddah incorporated DC Foodiebay Online Services Pvt Ltd. The company operated Foodiebay, a restaurant-listing-and-recommendation website they had started in 2008 while working for Bain & Company. They later renamed the website Zomato as they were unsure if they would "just stick to food" and to avoid a potential naming conflict with eBay.
In 2011, Zomato expanded its restaurant discovery and local search services across various cities in India. From 2012, it expanded internationally, and was operating in 21 countries by early 2015.
In July 2014, the company made its first acquisition by buying New Zealand-based MenuMania. The company pursued other acquisitions including lunchtime.cz and obedovat.sk for a combined US$3.25 million, followed by Poland-based restaurant search service Gastronauci and Italian restaurant search service Cibando.
In January 2015, it acquired Seattle-based food portal, Urbanspoon, for an estimated US$60 million. Later that year, it acquired Turkish company Mekanist in an all-cash deal.
In March 2015, Zomato started its food delivery service in India, initially partnering with hyperlocal logistics companies such as Delhivery, Grab and Runnr to fulfill deliveries from restaurants that did not have their own delivery service. The company's subsequent acquisitions such as the Delhi-based startup MapleGraph that built MaplePOS (renamed Zomato Base), table reservation and restaurant management platform NexTable (renamed Zomato Book), and Gurgaon-based logistics technology startup Sparse Labs (renamed Zomato Trace) were integrated with Zomato. In 2017, it acquired the delivery startup Runnr.
In 2017, the firm announced the launch of Zomato Infrastructure Services, a cloud kitchen infrastructure service provider for partner restaurants. In 2018, the company shut down operations of Zomato Infrastructure Services. The company then acquired Wotu Technologies and rebranded it as Hyperpure to supply food ingredients such as grains, vegetables and meat to restaurants from its warehouses.
In September 2018, the company acquired Bengaluru-based food e-marketplace, TongueStun Food, for about US$18 million in a cash and stock deal. In December 2018, it acquired a Lucknow-based drone startup, TechEagle Innovations for an undisclosed amount, aiming to start drone-based food delivery in India using a hub-to-hub delivery network.