Launch · Enterprise Software & IT

Zomato's Nugget spins out as standalone AI venture

By Startup Enthusiast · 11 August 2026

What they do

Nugget began as an internal AI solution for Zomato and now offers conversational AI and automation to external firms

It is valued at ₹350 Cr, generated ₹7.2 Cr in FY26 revenue, and is cash-flow positive

Nugget closes one deal per week without ad spend and counts Swiggy among its customers

Eternal's AI venture Nugget began as an internal solution for Zomato.
Nugget is now a standalone platform offering conversational AI, voice assistants, workflow automation, and agentic systems to external enterprises.
Nugget is closing one deal per week on average without spending on advertisements.
Nugget is valued at ₹350 Cr and generated ₹7.2 Cr in revenue in FY26.
Nugget is cash-flow positive.
Other consumer platforms like CARS24, Paytm, and Razorpay are also launching or planning similar AI ventures.

Consumer platforms have workflow data, distribution, and operational experience that can be repackaged for enterprise customers.
Building trust beyond parent brands is a key challenge for such spin-offs.

Nugget provides conversational AI, voice assistants, workflow automation, and agentic systems.
Its customers include private banks, insurance companies, D2C brands, epharmacy, and even rival Swiggy.
Nugget was originally built as an internal tool for Zomato before being offered externally.
The platform is cash-flow positive and generates revenue without ad spend.