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Zomato dissolves US subsidiary to focus on India business

Shortpedia

Content Team
Image Credit: shortpedia

Zomato India has officially dissolved and shut down its subsidiary in the US — Zomato USA LLC, a month after the food tech company listed on the stock exchange. According to the filing, Zomato USA was not a material subsidiary of Zomato India and its dissolution will have no effect on the company’s revenue or turnover. Its contribution to the company’s net worth in the last financial year was 0.07%.