“From food delivery to ₹3 lakh crore — Eternal just rewrote India’s tech story.”

🚀 Eternal Ltd.: From Startup Spark to Market Giant Eternal Ltd., formerly known as Zomato, has rewritten the playbook for Indian tech companies. What began as a food delivery platform has evolved into a diversified digital powerhouse, with its quick-commerce arm Blinkit now leading the charge. In July 2025, Eternal’s stock surged to an all-time high of ₹311.60, catapulting its market capitalization past ₹3 lakh crore ($36 billion). This milestone didn’t just mark a financial achievement—it placed Eternal among India’s top five most valuable companies, surpassing legacy giants like Wipro, Tata Motors, Nestlé India, Asian Paints, and Bharat Electronics. It now stands shoulder-to-shoulder with titans like Reliance Industries, HDFC Bank, TCS, Bharti Airtel, and ICICI Bank. 📈 What’s Driving the Growth? The breakout moment came from Blinkit’s Q1 FY26 performance, where net order value (NOV) jumped 127% year-on-year, overtaking food delivery for the first time. Revenue surged 70% YoY to ₹7,167 crore, although net profit dipped 90% due to aggressive investments in scaling operations. Despite the profit drop, investor confidence soared, with brokerages like Jefferies and Emkay revising target prices upward and praising Eternal’s strategic clarity. Deepinder Goyal’s personal stake saw a ₹2,000 crore jump in just two days, while Info Edge’s 12.38% holding in Eternal is now valued at over ₹37,000 crore—more than one-third of its own market cap. 🧠 Strategic Pivot: Quick Commerce Over Food Delivery 🏆 Market Cap Comparison: A New Elite At ₹3 lakh crore, Eternal now outranks over 20 Nifty 50 constituents in market value. This includes stalwarts like JSW Steel, Coal India, Bajaj Auto, Eicher Motors, Tech Mahindra, and Cipla. Its rise reflects not just investor optimism but a broader shift in how digital-first companies are valued in India’s capital markets.