Meet the Billionaire Behind Zomato: Deepinder Goyal’s Journey to a Rs 8,300 Crore Net Worth

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Deepinder Goyal's journey from a Senior Associate Consultant to the founder and CEO of a billion-dollar company is a testament to his entrepreneurial spirit and business acumen. As he continues to expand his empire, Goyal’s story serves as an inspiration for aspiring entrepreneurs across the globe. India’s billionaire count just increased by one with the rise of Deepinder Goyal, the founder and CEO of a leading food delivery company. With a staggering net worth of over Rs 8,300 Crore, Goyal has joined the ranks of the country’s richest individuals and emerged as India’s wealthiest professional manager. Notably, Goyal was also featured as one of the judges on Shark Tank Season Three, a show widely popular among audiences. Here’s everything you need to know about India’s newest billionaire.





The Rise of Deepinder Goyal: Founder and CEO of Zomato

Deepinder Goyal co-founded Zomato, one of India’s most popular food delivery services, and currently serves as its founder and CEO. Goyal’s ascent to billionaire status followed a record rally in the company’s shares, which have surged over 300% since the low of July 2023. The stock reached a new high of Rs 230 on the BSE, with its market cap surpassing Rs 1.8 trillion. Goyal, holding 36.95 crore shares (a 4.24% stake in the company), has thus become India’s richest professional manager and the country’s newest billionaire, with a net worth exceeding Rs 8,300 crore.

The Role of Blinkit in Zomato’s Success

According to a Goldman Sachs report, one of the main drivers of Zomato’s share boom is the rapid growth of Blinkit, which Zomato acquired for $570 million (Rs 4,763 crore) in 2022. Blinkit’s indicated value has now surpassed even that of Zomato’s core food delivery business, with Blinkit currently valued at $13 billion (Rs 1 lakh crore).

The Genesis of ‘Foodiebay’, Later Renamed ‘Zomato’

Early Life and Education

Born on January 26, 1983, in Muktsar, Punjab, Deepinder Goyal completed his schooling at DAV College, Chandigarh. He then enrolled in IIT Delhi, where he studied Mathematics and Computing. After graduation, Goyal secured a job as a Senior Associate Consultant at Bain and Company, where he met Pankaj Chaddah, his future co-founder of Zomato.

Founding Zomato

Goyal’s passion for food inspired him to streamline the meal delivery system. In 2008, Goyal and Chaddah launched FoodieBay.com while still employed at Bain and Company. Within nine months, Foodiebay became the largest restaurant directory in Delhi-NCR. Soon after, it began receiving funding from investors such as Info Edge India, Sequoia, Vy Capital, Temasek, and Ant Financial of Alibaba. The company, renamed Zomato, received a game-changing $200 million investment from Ant Financial, achieving unicorn status in the 2018–19 fiscal year. However, Chaddah left the company that same year.

Deepinder Goyal’s Luxurious Lifestyle

Deepinder Goyal’s success has not only brought him immense wealth but also a taste of luxury. His collection of swanky cars and a lavish home speaks volumes about his success. Despite his luxurious lifestyle, Goyal remains grounded and continues to focus on expanding Zomato’s reach.

Conclusion

Deepinder Goyal's story from a Senior Associate Consultant to the CEO of a billion-dollar company is truly inspirational. His journey serves as a beacon of hope for aspiring entrepreneurs worldwide, showing that with passion, dedication, and a bit of innovation, achieving extraordinary success is possible.

Disclaimer: This article is for informational purposes only and does not constitute professional advice. Always consult with a certified financial advisor or professional for personalized recommendations.

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