Eternal, the foodtech and quick commerce platform formerly known as Zomato, reported a profit of Rs 125 crore in Q2 FY27. This profit increased nearly 93% year-on-year. Revenue from operations also surged, bringing in Rs 24,138 crore in Q2 FY27, up over 77% from Rs 13,590 crore in Q2 FY26, as first reported by Entrackr. The Gurugram-based company’s quick commerce arm, Blinkit, saw its revenue almost double during the same quarter.
These strong financial results coincide with several key actions by Eternal. The company saw a significant merger involving one of its portfolio companies and launched a new artificial intelligence venture. Eternal is reshaping its investment portfolio and expanding into new technology sectors.
One adjustment involves the merger of Mygate and Adonmo, where Eternal had invested previously. Through a share swap transaction, Eternal will acquire approximately a 4.4% stake in the combined Mygate entity on a fully diluted basis. This stake, acquired by transferring its entire holding in Adonmo, is currently valued at Rs 156 crore. Eternal had originally invested Rs 112 crore in Adonmo in January 2022. The transaction, revealed in a regulatory filing on October 21, makes Eternal a significant minority shareholder in the merged entity. It transforms an earlier direct investment into a stake in a larger, consolidated operation.
This merger shows how Eternal manages its non-core investments. By converting its Adonmo stake into shares of the merged entity, Eternal realized a positive return on its initial investment. The new stake is valued at Rs 156 crore, against its Rs 112 crore deployment. This re-alignment suggests the company aims to improve its portfolio and potentially gain liquidity or increased value from its venture holdings.
Beyond financial and portfolio adjustments, Eternal also launched Dark.ai, an artificial intelligence platform for privacy and encrypted conversations. The platform aims for a global launch this year. It seeks to address growing concerns about data privacy with mainstream AI assistants. Founder Deepinder Goyal stated that Dark.ai is for users needing private discussions, sensitive research, or confidential requests, according to Startuptalky. This move into AI expands Eternal’s business beyond its core foodtech and quick commerce operations, showing a wider ambition in technology.
The introduction of Dark.ai represents a departure from Eternal’s established business model. It moves into a new domain that emphasizes data security and user privacy. This shift into AI could open new revenue streams and market opportunities for the company, using the increasing demand for secure digital communication tools.
Concurrently with these developments, Goldman Sachs offloaded its stake in Eternal through a block deal on October 16, 2026. This secondary transaction amounted to ₹169 crore, as reported by Inc42. This represents an investor exit rather than a primary capital raise for Eternal. Its timing coincides with the company’s public reporting of strong financial performance and its actions in M&A and new product development. The exit provides liquidity for a long-standing investor as Eternal seeks growth and diversification.
Eternal’s Q2 FY27 results, alongside its portfolio adjustments and entry into AI, show a company expanding its reach while remaining profitable in its core business. The company generated significant profit growth. It also executed investments and launched new products, showing a period of active transformation. Eternal’s stake in the merged Mygate entity is now valued at Rs 156 crore.
What were Eternal’s Q2 FY27 profits?
Eternal reported a profit of Rs 125 crore in Q2 FY27.
What is the value of Eternal’s stake in the merged Mygate entity?
Eternal’s approximately 4.4% stake in the merged Mygate entity is currently valued at Rs 156 crore.
What is Dark.ai?
Dark.ai is an artificial intelligence platform launched by Eternal, focused on privacy and encrypted conversations, targeting a global launch this year.
Compiled by Launch91 Desk from the sources linked above. More about Launch91.
