New Delhi, Aug 1 (IANS): Zomato Founder and CEO Deepinder Goyal has announced a new structure for the company that will see its businesses like Zomato, Blinkit and Hyperpure run by different CEOs under one umbrella organization called 'Eternal'. In a note sent to employees on an internal communication channel, Goyal said that they are now at a stage of life where "We are maturing from running (more or less) a single business, to now running multiple large companies. Now that the Zomato-Blinkit deal is approved, we have three companies - Zomato, Blinkit and Hyperpure - in the order of business size/impact", Goyal said in the note seen by IANS. "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 (e.g. Zomato, Blinkit, Hyperpure, Feeding India), all acting as peers to each other, and working as a super-team with each other towards building a single large and seamless organization," he elaborated.
The company is going to call this larger organization "Eternal", at a time when Zomato's stock gets hammered on Dalal Street (it was hovering around Rs. 46 on Monday and has nosedived around 69 percent this year). Goyal said that 'Eternal' will have multiple companies. "It already has Zomato (delivery + dining-out), Blinkit, Hyperpure, and Feeding India. Eternal will remain an internal name for now", he said.