As Zomato becomes Eternal Ltd, Cars24 rolls out new car sales

Two Gurugram-based unicorns are embracing major changes. Although Zomato internally changed its name to Eternal Limited in 2022 after acquiring Blinkit, it received the official shareholder nod now. It will retain its brand name for the food delivery app, but the business entity and the stock exchange ticker will become Eternal.

This is Zomato’s second renaming. It started in 2008 as Foodiebay and became Zomato in 2010.

Another unicorn, Cars24, launched the ‘New Cars Platform’ to sell new cars on one super app. The platform displays real on-road prices, model comparisons, AI-powered video sneak peeks, home test drives, and financing.

It functions as an aggregator for dealers and OEMs to list their models.

Currently, for every 10 new cars bought, 13 used cars are sold. This ratio is expected to be 10:17 by 2030. 50% of their customers consider buying a new model, and the company will offer both options.

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