InvestorQ : Why is Zomato exiting its US business?
sarah Leo made post

Why is Zomato exiting its US business?

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Rashi Mehra answered.
4 months ago
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Zomato said will be winding down the business of its step-down subsidiary Zomato USA LLC, due to zero contribution to revenues. Zomato wants to purely focus on the India business. It will limit to just restaurant searches in other countries. Sharpening its focus on India, Zomato has invested Rs.740 crore in Grofers. For the June quarter, Zomato losses widened but revenues and gross order value were sharply higher.

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