Zomato liquidates Slovakia subsidiary to deepen focus on Indian market

Zomato has initiated the liquidation proceedings for its Slovakia subsidiary 'Zomato Slovakia' to deepen its focus on the Indian market.

Zomato Slovakia, which has a net worth of Rs 2.2 lakh, does not have any active business operations in the country.

The dissolution of Zomato Slovakia will not affect the turnover and revenue of Zomato Limited.

The food delivery company said the liquidation process is expected to be completed within 9-12 months and is subject to requisite approvals.

Earlier this year, The food tech firm liquidated subsidiaries in Portugal (Zomato Media Portugal) and New Zealand.