Eternal begins liquidation of Dutch subsidiary Zomato Netherlands

Eternal, the company that owns the food‑delivery giant Zomato, has begun liquidating Zomato Netherlands B.V., a step‑down subsidiary with no active business and a net worth of about Rs 32 lakh.

In a filing with the stock exchanges, the company said the unit "is not a material subsidiary," so closing it will not affect revenue. The process, launched less than a month after the firm rebranded itself from Zomato Ltd. to Eternal Ltd., is expected to be completed within a year.

First move under the Eternal name

The liquidation is Eternal's first corporate disclosure since the name change took effect on the bourses in March.

The company said the Dutch entity had reported no turnover in fiscal 2024 and had been inactive since the company's 2021 prospectus, which listed it as a dormant unit. 

In February 2025, Zomato Limited announced that it was changing its name to Eternal Limited after getting approval from the company's board. CEO Deepinder Goyal earlier said that while the Zomato app will keep its well-known branding, the corporate entity and corresponding stock ticker will become “Eternal.”

Long retreat from foreign markets

Zomato once operated in more than 20 countries, boosted by the 2015 purchase of restaurant‑review site Urbanspoon in North America. But the company has been unwinding that expansion for nearly four years, shutting or dissolving subsidiaries in the United States, Singapore, the United Kingdom, South Africa, Qatar, the Philippines and several European nations.

The latest move follows liquidations in Slovakia last July and in Vietnam and Poland in January. Goyal has said the overseas push "didn't play out as expected" and that the group now plans to focus on its core India market.