Food and grocery delivery company Zomato reported a steep 57% year-on-year (YoY) fall in net profit for the October-December period at Rs 59 crore, as its quick commerce unit Blinkit stepped up on ...

and scale Blinkit will be critical to maintaining its upward trajectory. Between 2020 and 2024, sales have skyrocketed, with the company reporting a profit in FY24. Zomato’s recent performance ...

The company has been using the name Eternal for its internal use after it acquired Blinkit ... the Zomato brand. The company had reported a 57 percent drop in its quarterly net profit at Rs ...

Eternal will comprise four major businesses (as of now) -- Zomato, Blinkit, District, and Hyperpure. The shareholders of Zomato passed a special resolution to approve change of name of the Company ...

This decision comes at a time when the company is seeing growth in its food delivery business, while its quick commerce subsidiary, Blinkit ... performance, Zomato’s net profit for Q3 of ...

while Eternal will include Zomato, Blinkit, District, and Hyperpure. CEO Deepinder Goyal stated the name change reflects Blinkit's importance to the company's future. The corporate website and ...

losses in its quick commerce unit Blinkit and the adoption of AI to automate customer support tasks. The layoffs coincide with the recent launch of Nugget, Zomato's in-house AI-powered customer ...

Chennai: Zomato has received shareholder approval for its decision to change its corporate name to Eternal. This decision has come after the company saw its quick commerce platform becoming a ...

As per the company, Nugget is currently powering over 15 million support interactions per month for Zomato, Blinkit ... decline in quarterly profit after tax (PAT) at Rs 59 crore in the third ...

New Delhi: Zomato ... after hiring them. The reported layoffs came as the company faces challenges in its core food delivery business and rising losses in its quick commerce subsidiary, Blinkit.

Companies like Zepto and Zomato-owned Blinkit, along with standalone players such as Accel-backed Swish, have entered the market. The launch of 10-minute food delivery by Zomato and Swiggy has ...