Eternal Ltd.
ETERNAL
pitch
long
Aman Goyal ´25
Thesis
Eternal, the parent company of Zomato and Blinkit, is positioned to benefit from its dominant market share in India's food delivery and quick commerce sectors. The recent stock correction due to aggressive reinvestment in Blinkit presents an attractive entry point for long-term investors, with a forecasted 20.5% USD IRR and potential for 2.5x returns over five years.
Did it work?
inconclusive
confidence: low
While the thesis suggests a strong long-term potential based on market position and projected returns, the lack of price performance data makes it difficult to assess whether the investment thesis has played out. Given that only 16 months have passed and the target horizon is five years, it is too early to determine the success of the investment.
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