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Mar, 17 2015

Zomato eyes quicker global expansion, opens subsidiary companies in over a dozen countries

The six year old company currently operates in 20 countries including India, Dubai, UK, Brazil, Canada, Australia, Turkey, Poland and New Zealand.

Zomato, the restaurant discovery and food ordering website is opening subsidiary companies in over a dozen countries even before it launches operations in markets where it aims to gain a headstart.

The Gurgaon-based company has opened "on paper" companies in Mexico, Sweden, Germany, Finland and Norway complete with a bank account and other legal requirements, as it hastens global expansion to compete with Germany's Foodpanda which is present across 40 countries.

"A ready 'company' makes our entry into that market easier either by organic or inorganic means. Opening a bank account for a company is a difficult process in many countries and takes several months, we have decided to smoothen our entry into major world markets in the next four years,” said Deepinder Goyal, Cofounder and CEO, Zomato.

The six year old company currently operates in 20 countries including India, Dubai, UK, Brazil, Canada, Australia, Turkey, Poland and New Zealand.

However, with on paper companies, Zomato's presence has crossed to over 40 countries in the world.

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