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German insurtech to cut around 20% of its workforce in Germany

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News

Eternal Initiates Liquidation of Zomato Netherlands
Zomato's parent company, Eternal, has begun the liquidation process for its Netherlands subsidiary, Zomato Netherlands. This move effectively closes down nearly all of Zomato's international operations, as the subsidiary had no active business and generated no turnover in FY24. The liquidation is expected to be completed within a year and will not impact Eternal's revenue. 

Zomato’s bid to take food delivery international was not successful and has resulted in a trend of Zomato discontinuing its international ventures since 2021. This includes ceasing operations in Portugal, Czech Republic, Slovakia, Singapore, UAE and Australia, to focus on its successful business in India, which achieved profitability in FY24.

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