Home / Business and Economy / Alibaba Exits India's Eternal in $613M Block Deal
Alibaba Exits India's Eternal in $613M Block Deal
6 Aug
Summary
- Alibaba's unit Antfin Singapore to sell 2.08% stake in Eternal
- Deal valued at 53.75 billion Indian rupees ($613 million)
- Stake to be offloaded at a 4.6% discount to Eternal's closing price
On August 6, 2025, it was reported that Chinese e-commerce giant Alibaba Group is likely to exit its investment in India's Eternal, the parent company of food delivery platform Zomato and quick commerce arm Blinkit. Alibaba's unit, Antfin Singapore, which held a 2.08% stake in Eternal as of June 2025, will offload its entire holding in a block deal valued at 53.75 billion Indian rupees (approximately $613 million).
The stake will be sold at a floor price of 285 rupees per share, which represents a 4.6% discount to Eternal's closing price on August 6, 2025. Neither Antfin nor Eternal, the company that houses Zomato and Blinkit, have immediately responded to requests for comment on the reported deal.
The impending exit of Alibaba from Eternal comes as the Chinese conglomerate continues to streamline its global operations and focus on its core businesses in China. The move also reflects the evolving landscape of the Indian startup ecosystem, where homegrown players are increasingly gaining ground against foreign investors.
