Food delivery platform Zomato winds up Zomato USA LLC

Indian food delivery and aggregator platform Zomato on Thursday shared that its step-down subsidiary, Zomato USA LLC, has been dissolved and wound up.

"Zomato USA LLC (ZUL), step down subsidiary of the company, has been dissolved and wound up," shared the Gurgaon-based start-up in a regulatory filing.

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ZUL was not a material subsidiary of the company and did not have any business activity and its dissolution will not affect the turnover/revenue of the company, it added.

The company has received intimation on August 18, 2021, regarding dissolution and winding up of Zomato USA LLC effective from August 17, 2021, the filing added.

Zomato presented its quarterly earnings as a public company earlier this month mentioned that its operational revenue increased by 22% to Rs 844 crore in April-June, while net losses rose over 168% from the previous quarter to Rs 360 crore.

As per the release, the adjusted revenue (revenue from operations and customer delivery charges) grew by 26% quarter-over-quarter (“QoQ”) to INR 11.6 billion.

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Earlier, in July Zomato raised its Rs 8250 crore through initial public offerings.