Eternal Ltd., formerly known as Zomato, has begun the process of shutting down its inactive Dutch subsidiary, Zomato Netherlands B.V. The unit, which hasn’t conducted any business in recent years, holds a modest net worth of around Rs 32 lakh and has been dormant since at least 2021.
The company, in a recent filing, clarified that the closure of this non-operational entity will have no bearing on its financials. With no revenue contribution in FY24 and no activity logged since its IPO prospectus days, the Dutch business had long ceased to be relevant.
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This move marks Eternal’s first corporate update since rebranding from Zomato Ltd. to Eternal Ltd. in March 2025. CEO Deepinder Goyal has emphasized that while the corporate name has changed, the Zomato brand and app will continue unchanged for consumers.
Once ambitiously spread across 20+ international markets—including North America, thanks to the 2015 acquisition of Urbanspoon—Zomato has steadily rolled back its global ambitions. Over the last four years, the company has exited multiple geographies, pulling the plug on subsidiaries in the US, UK, Singapore, South Africa, and across Europe and Southeast Asia.
The winding up of the Dutch entity follows similar moves in Slovakia (July), as well as in Vietnam and Poland earlier this year. Goyal has publicly acknowledged that the company’s overseas plans didn’t deliver as hoped, and Eternal now plans to double down on its core Indian business.
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With the rebrand and continued streamlining, the company is clearly signaling a sharper focus and tighter structure. The liquidation of Zomato Netherlands B.V. is expected to be completed within the next 12 months.
