Eternal, Zomato's Parent Company, Leases Massive Office Space in Mumbai

Eternal, the parent entity of Zomato, has leased a large office space in Mumbai, spanning 84,157 square feet, at a monthly rental of Rs 1.34 crore. This move underlines the company's commitment to expansion and growth in the Indian market.

ZomatoEternalMumbaiOffice SpaceReal EstateReal Estate MumbaiMay 16, 2025

Eternal, Zomato's Parent Company, Leases Massive Office Space in Mumbai

Real Estate Mumbai:Eternal, the parent company of the popular food delivery and restaurant platform Zomato, has made a significant move by leasing a large office space in Mumbai. The office, which spans an impressive 84,157 square feet, comes with a monthly rental of Rs 1.34 crore. This strategic decision highlights Eternal's commitment to expanding its operations and enhancing its presence in the Indian market. The new office is located in a prime area of Mumbai, known for its bustling business environment and affluent real estate market. The decision to lease such a large space is not only a testament to the company's growing workforce but also a strategic move to accommodate future expansion plans. Mumbai, being the financial capital of India, offers a conducive environment for businesses to thrive, and Eternal's choice of location is a clear indication of its long-term vision. Zomato, founded in 2008, has grown exponentially over the years, transforming from a simple restaurant discovery platform to a comprehensive ecosystem that includes food delivery, hyperlocal grocery delivery, and online food ordering. The company's success can be attributed to its innovative business model and strong customer focus. With the increasing demand for digital services, especially in the wake of the pandemic, Zomato has seen a significant surge in its user base and revenue. The new office space will serve as a hub for various departments, including technology, operations, customer support, and marketing. It will also provide a centralized location for collaboration and innovation, fostering a dynamic and productive work environment. The modern infrastructure and amenities of the office are designed to enhance employee well-being and productivity, ensuring that the team can work efficiently and effectively. Eternal's decision to invest in a large office space in Mumbai also reflects the company's confidence in the Indian economy and its potential for growth. The Indian market is one of the fastest-growing in the world, with a young and tech-savvy population that is increasingly adopting digital services. This presents a significant opportunity for companies like Zomato to expand their reach and deepen their market presence. In addition to Zomato, Eternal has a diverse portfolio of ventures, including investments in other startups and businesses. The company's strategic investments and partnerships have played a crucial role in its growth and success. By leasing this large office space, Eternal is positioning itself to capitalize on future opportunities and maintain its competitive edge in the market. The move to a larger office space is also expected to have a positive impact on the local economy. It will create job opportunities and contribute to the city's economic development. Moreover, the presence of a major player like Eternal in the area is likely to attract other businesses, fostering a vibrant business ecosystem. In conclusion, Eternal's decision to lease a large office space in Mumbai is a significant step in the company's growth journey. It underscores the company's commitment to expanding its operations and enhancing its presence in the Indian market. With a strong focus on innovation and customer satisfaction, Eternal and Zomato are well-positioned to continue their upward trajectory and make a lasting impact in the industry.

Frequently Asked Questions

What is Eternal's relationship with Zomato? A: Eternal is the parent company of Zomato, a popular food delivery and restaurant platform. Q: Where is the new office space located? A: The new office space is located in a prime area of Mumbai, India. Q: How much area does the new office space cover? A: The new office space spans 84,157 square feet. Q: What is the monthly rental for the new office space? A: The monthly rental for the new office space is Rs 1.34 crore. Q: What departments will be housed in the new office? A: The new office will house various departments including technology, operations, customer support, and marketing.

Answer not available

Tags:

Related News Articles

Real Estate Mumbai

India's ODIs and Champions Trophy Squads to Be Announced in Mumbai This Saturday

The Indian cricket board is set to unveil the squads for the upcoming ODIs against England and the Champions Trophy on Saturday. This announcement will take place in Mumbai, one of the key cricketing hubs in the country.

January 17, 2025

Read Article

Real Estate

MahaRERA Halts Real Estate Project Grading Initiative Amid Regulatory Challenges

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has decided to put on hold its proposed grading system for real estate projects in the state due to several regulatory constraints.

October 22, 2024

Read Article

real estate news

Q4 Results 2025: UltraTech CFO Warns of Urban Real Estate Slowdown

UltraTech's CFO has issued a warning about the potential slowdown in urban real estate demand, despite PNB Housing Finance reporting a 28% YoY increase in net profit to Rs 567 crore for Q4 FY25.

April 28, 2025

Read Article

Real Estate

Indian Real Estate Stock Plummets 6% Amid 45% YoY Net Profit Decline

In a significant market reaction, shares of one of India's leading real estate development companies tumbled by almost 6.4% on the BSE, following a 45% year-over-year decrease in net profit.

April 29, 2025

Read Article

Real Estate Maharashtra

Revamping Mumbai's Skyline: Paradigm Realty's INR 4500 Crore Redevelopment Project

Paradigm Realty initiates a transformative INR 4500 crore redevelopment project in Mumbai's Bandra and Kandivali, upgrading 11 housing societies...

July 2, 2024

Read Article

Real Estate

Motilal Oswal Initiates 'Buy' Rating on Anant Raj; Shares Hit All-Time High

Anant Raj, a leading real estate company, saw its share price surge by 3.74% on Friday, December 20, 2024, following the initiation of a 'Buy' rating by Motilal Oswal Securities. The positive outlook has investors optimistic about the company's future per

December 20, 2024

Read Article