Stake sale · Commerce & Consumer Brands

Mutual funds raise stake in Eternal as FPIs exit

By Startup Enthusiast · 15 April 2026

What they do

Eternal is the parent company of Zomato, Blinkit, District, and Hyperpure

Mutual funds increased their stake from 16.4% to 28.9% in three months

Foreign portfolio investors sold heavily amid the US-Iran war

Mutual funds raised their stake in Eternal from 16.4% in December 2025 to 28.9% in March 2026.
New mutual fund entrants included Mirae Asset (1.42%), Motilal Oswal (1.77%), and Aditya Birla Sun Life (1.27%).
Existing funds like Kotak Flexicap Fund and ICICI Prudential Balanced Advantage Fund also increased holdings.
Foreign portfolio investors (FPIs) cut their stake from 47.3% to 32.6% during the same period.
Kuwait Investment Authority and Antfin Singapore exited their entire stakes.
Government of Singapore trimmed its stake to 1.11% from 1.37%.
DF International Partners entered as a new investor with a 1.5% stake.
Eternal shares rose 4.36% to ₹246.5 on BSE.

FII outflows from Indian equities exceeded $18 Bn since the US-Iran war began.
In March 2026 alone, FPIs pulled out over $13.9 Bn.
Mutual funds added over 12 percentage points to Eternal ownership during the period.
Founder Deepinder Goyal increased his personal stake from 3.83% to 4.40%.

Eternal is the parent company of Zomato, Blinkit, District, and Hyperpure.
Zomato connects users to restaurants for food delivery.
Blinkit delivers groceries and essentials through fast commerce.
District offers immersive retail experiences, marketing solutions, and community projects.
Hyperpure supplies fresh, sustainable products to restaurants.
Eternal aims for 100% EV-based food deliveries by 2030 and net-zero emissions by 2033.

Eternal plans to achieve 100% EV-based food deliveries by 2030.
It targets net-zero emissions across its food ordering and delivery value chain by 2033.

Kuwait Investment Authority (seller) — Sovereign wealth fund that exited its entire stake.
Antfin Singapore (seller) — Investor that exited its entire stake.
Government of Singapore (seller) — Trimmed stake to 1.11%.
DF International Partners (buyer) — New investor with 1.5% stake.
Info Edge (India) (existing) — Holds over 12% in Eternal.