Power of conviction: Info Edge's Rs 86 crore investment in Eternal is now worth Rs 32,000 crore

Eternal share price

• Eternal shares surged over 122 percent since IPO, boosting Info Edge's returns
• Info Edge's stake in Eternal now valued at over Rs 33,102 crore
• Eternal stock hit an all-time high of Rs 368.45 in October 2025

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The shares of Zomato- and Blinkit-parent Eternal have seen a sharp surge, jumping over 122 percent since its listing in 2021. The rally has made bumper returns for its pre-IPO investor Info Edge.

The Naukri.com-parent, which had invested Rs 86 crore in the food delivery startup between 2010 and 2013, has seen the value of its stake significantly multiply over the years.

Info Edge's stake in Zomato:

Info Edge held 12.38 percent stake (119.46 crore shares) in Eternal at the end of the September quarter of the ongoing financial year 2026. At Eternal shares' current price of Rs 282.85 apiece, Info Edge’s stake holding would be worth Rs 32,000 crore.

The Sanjeev Bikhchandani-led company has diluted its stake in Eternal several times in between, including during the company’s initial public offering in 2021 that delivered strong returns. During the IPO, Info Edge made a bumper profit of 64.5 times on the issue price.

Zomato IPO:

Zomato shares (now known as Eternal) listed with a premium of over 51 percent over the IPO price at Rs 115 apiece. After the IPO success, Info Edge Founder Sanjeev Bikhchandani told Moneycontrol that Zomato’s strong listing was the ultimate validation and public proof of the doctrine – “invest smartly in start-ups and over a decade or so you will strike gold”.

“These start-ups will go on to become giants and will create new industries, categories and business models. They will create jobs and deliver growth. They will power the industries they serve in. They will create greater customer satisfaction and choice. And they will ultimately create value for our shareholders. Zomato is a shining example of this,” Info Edge Founder Sanjeev Bikhchandani told Moneycontrol after the IPO’s success.

After hitting an all-time low of Rs 40.60 apiece in July 2022, the stock rallied a whopping 808 percent in around three years to hit an all-time high of Rs 368.45 apiece in October this year. The stock is currently one of the constituents of benchmark indices Sensex and Nifty.

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