Deepinder Goyal-led food delivery platform Zomato has dissolved its Slovakian subsidiary, marking the end of a decade-long presence in the European market.
The development comes 10 months after the company initiated the liquidation process for its operations in Slovakia.
Zomato said that the subsidiary, which had a net worth of Rs 2.2 lakh, was not operational and, therefore, its liquidation would not materially impact the company's turnover or revenue.
This is not the first time Zomato has dissolved an international subsidiary.
In 2016, the company announced plans to shut down operations in nine countries, including the US, the UK, Brazil, Italy, and Slovakia.
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