Tag: eternal
Bistro sees limited impact from Swiggy’s Toing, Rapido’s Ownly: Deepinder Goyal
Eternal is not putting much effort into dealing with competition from Swiggy’s Toing and Rapido’s food delivery platform Ownly, said founder Deepinder Goyal in a…
Zepto said to face sharply lower valuation for IPO
Indian fast-delivery company Zepto Ltd. is seeking a valuation in an initial public offering sharply below its $7 billion peak as concerns over cash burn…
Info Edge says it invested Rs 1,003 crore on AI, deeptech startups since 2020
Info Edge, the parent company of Naukri, has invested Rs 1,003 crore across 54 artificial intelligence (AI) and deeptech startups since 2020, as the early…
SoftBank books 7x returns as Lenskart emerges top India bet
SoftBank has clocked about 7x returns from a partial stake sale in Lenskart, making the eyewear retailer one of the Japanese investor’s strongest shows in…
ETtech Explainer: How Swiggy’s failed bid to become an Indian firm matters for Instamart
Food and grocery delivery company Swiggy’s failure to secure shareholder approval for changing its articles of association has delayed a governance reset that was meant…
Eternal founder Deepinder Goyal drops 100 Temple wearables, but there’s a catch
Eternal founder Deepinder Goyal announced on Tuesday that his wearables startup Temple has manufactured the first batch of 100 devices, which will be available to…
Valuation reset drives mutual fund inflows into listed new-age firms amid FPI selloff
Falling share prices of new-age companies in the quarter to March, tracking weaker macroeconomic indicators, pushed mutual funds to step up buying and raise their…
Quick commerce firms face heat as riders stay off peak hours
The quick commerce industry is facing a shortage of delivery partners amid intense heatwaves, prompting companies to roll out incentives to keep them on the…
Deepinder Goyal says AI chat interfaces won’t displace food delivery and quick commerce business
Eternal founder Deepinder Goyal dispelled fears that artificial intelligence (AI) chat interfaces could displace food delivery and quick commerce apps, while making the case that…
Eternal targets $20 billion in B2C NOV by FY28; $1 billion in adjusted Ebitda by FY29: Deepinder Goyal
Food and grocery delivery company Eternal, which operates platforms such as Zomato, Blinkit and District, has crossed $10 billion in annual net order value (NOV)…