Indian restaurant aggregator Zomato spun off Chile-based wholly-owned subsidiary Zomato Chile SPA with effect from September 29

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Gurugram, October 1 (Meel Bijendra) – Indian multinational restaurant aggregator and food delivery company Zomato has spun off its wholly owned subsidiary Zomato Chile SPA (ZM Chile) based in Chile with effect from September 29, 2023.

Zomato was founded in 2008 by Deepinder Goyal and Pankaj Chaddah and became a public company in July 2021, launching its initial public offering (IPO) at a valuation of over US$8 billion.

Zomato Limited said that Zomato Chile SPA (ZM Chile) had no active business operations and was under the process of liquidation. Zomato Chile was incorporated on March 13, 2014 as a joint stock company with its RUT – 76364183-K. Its registered office is located at Av. Andrés Bello 2711, Pisos 8 y 9, Torre Costanera, CP 7550611, Las Condes, Santiago, Chile.

The parent company further said that the closure of ZM Chile will not have any impact on the turnover/revenue of Zomato as the contribution of Zomato Chile SPA to the company’s turnover is negligible.

Zomato Chile’s net worth stood at INR 0.17 million during the fiscal year ending March 31, 2023. Zomato Chile was involved in the business of producing, operating and marketing all types of communication forms and media.

The capital structure of Zomato Chile is as follows:

Authorised share capitalAggregate at Nominal Value
120,000 registered common shares of one sole series and with no-par valueChilean peso (CLP) 600,000,000
Issued and subscribed capital = 108,157 registered common shares of one sole series and with no-par value; Aggregate at Nominal Value = NA

The shareholding pattern of Zomato Chile is as follows:

Name of the shareholderNo. of shares
Zomato Limited (Formerly known as Zomato Private Limited and Zomato Media Private Limited)108,157 (100%)
Source: Zomato

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