Zomato initiates liquidation of its Polish subsidiary on January 2

Against the details on Gastronauci, the filing said that is turnover was nil, its contribution to the turnover of the company was nil.

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26 Aug, 2025 12:21

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Zomato has informed the exchanges that its step-down subsidiary in Poland has started the process of liquidation on January 2, 2024.

The company said that Gastronauci's dissolution, which is expected to be completed in four months subject to necessary approvals, will not affect its turnover/revenue. The foodtech company acquired the Poland-based restaurant-search service in 2014.

Between January 2023 and July 2023, Zomato liquidated five subsidiaries based in Indonesia, New Zealand, Australia, Jordan and Portugal; and in September 2023, it announced the liquidation of its Slovakian subsidiary.

The latest filing said that Zomato had informed in its red herring prospectus dated July 6, 2021, and the prospectus dated July 19, 2021, that Gastronauci did not have any active business operation.

The filing added, "It may be further noted that Gastronauci is not a material subsidiary of the Company, and the dissolution of Gastronauci will not affect the turnover/revenue of the Company."

Against the details on Gastronauci, the filing said that its turnover was nil, its contribution to the turnover of the company was nil, its net worth was Rs 0.94 million (Rs 9.4 lakh), and its contribution to the company's net worth was nil.

According to IIFL's report on the company, from 2012, Zomato had started expanding overseas. It extended its services to Sri Lanka, UAE, Qatar, South Africa, the UK and the Philippines. In 2013, they expanded into New Zealand, Turkey and Brazil.

In 2014, it entered Poland with Gastranauci's acquisition and, in the same year, it bought the Italian restaurant finder Cibando.

In 2015, it bought a US-based online table reservation platform NexTable, and then it bought a US-based restaurant directory Urbanspoon.