New Delhi, Feb. 12 -- Last week, in a 748-word letter to shareholders, Zomato Ltd founder and CEO Deepinder Goyal announced that the company would rename its parent entity 'Eternal.' The name, previously used only internally to distinguish Zomato the food-delivery brand from Zomato the parent company, gained legal recognition with the annoucement.

This move is part of a broader transformation as the company strengthens its position in India's internet economy. Over the past two years, Zomato has transitioned from a private venture to a public-market company, cementing its place in the digital business landscape.

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Back in July 2021, when India's market regulator ...