Eternal Reports Strong Q3 Growth, Leadership Change

Eternal, the company that owns Zomato and Blinkit, reported a big increase in profits and revenue for the last three months of 2023.

The food delivery part of the business is doing well, and Blinkit, which delivers groceries quickly, made a small profit for the first time.

The company's CEO, Deepinder Goyal, is stepping down to work on new projects, and Albinder Dhindsa, who helped Blinkit succeed, will take over.

Experts are optimistic but warn that competition is tough.

Blinkit is now a big part of Eternal's business, but the company faces challenges from other competitors like Zepto and JioMart.

Goyal will focus on new ideas like longevity research and wearable technology.