Shares of Eternal, the parent company of Zomato and Blinkit, have delivered stellar returns, rising over 122 percent since their listing in 2021. The strong rally has translated into outsized gains for early backer Info Edge (India) Ltd, which invested in the food delivery platform more than a decade ago.
The Naukri.com-parent had invested ₹86 crore in Zomato between 2010 and 2013, a bet that has multiplied manifold as the company scaled up and eventually listed on the stock exchanges.
Info Edge’s stake in Eternal
As of the end of the September quarter of FY26, Info Edge held a 12.38 percent stake, equivalent to 119.46 crore shares, in Eternal. At the current market price of around ₹282–283 per share, the value of Info Edge’s holding stands at approximately ₹32,000 crore.
Over the years, the Sanjeev Bikhchandani-led company has partially diluted its stake in Eternal on multiple occasions, including during the company’s initial public offering (IPO) in 2021. Notably, the IPO proved highly lucrative, with Info Edge clocking a 64.5x return on its original investment at the issue price.
Zomato IPO and stock journey
Zomato shares, now trading under the name Eternal, listed at a premium of over 51 percent to the IPO price of ₹115 per share, marking one of India’s most successful new-age tech listings.
Commenting after the IPO, Info Edge founder Sanjeev Bikhchandani described Zomato’s listing as a validation of the long-term startup investment philosophy—backing promising ventures early and staying invested through their growth journey.
After touching an all-time low of ₹40.60 in July 2022, the stock staged a dramatic recovery, surging over 800 percent in nearly three years to reach a record high of ₹368.45 in October 2025. Eternal is now a constituent of key benchmark indices, including the Sensex and Nifty, underscoring its growing importance in India’s equity markets.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Equity investments are subject to market risks.
