Zomato Q1 loss narrows; To move to a new parent brand ‘Eternal’ and multiple CEO structure

  • Zomato has reported a consolidated loss of ₹186 crore for the quarter ended June 30. The loss narrowed 48 per cent from ₹359.7 crore, reported in the previous quarter. Revenue from operations stood at ₹1,413.9 crore, up 67.44 per cent from ₹844.4 crore reported in Q1 2021.
  • Zomato has internally rebranded itself to ‘Eternal’ and plans to move to a multiple CEO structure, according to a Slack message sent to employees by CEO and MD, Deepinder Goyal.

    “We are transitioning from a company where I was the CEO to a place where we will have multiple CEOs running each of our businesses (Eg: Zomato, Blinkit, Hyperpure, Feeding India), all acting as peers to each other and working as a super-team with each other toward building a single large and seamless organisation,” Goyal said in the message.

[Via]