Deepinder Goyal Net Worth: From being just a common face in the crowd, Zomato’s CEO, Deepinder Goyal, has become a household name in India. The billionaire’s journey from belonging to a middle-class background to billionaire status is an inspiration to aspiring entrepreneurs.
This article helps you to uncover the following success story of Goyal, his educational background, the rise of Zomato, his net worth now, and his lifestyle.
Journey from IIT Delhi to The Origin of Zomato
Born in Muktsar, Punjab, Goyal’s academic journey started right at DAV College, Chandigarh. He had done B. Tech in Mathematics and Computing from Indian Institute of Technology Delhi (IIT Delhi) in the year 2001. In 2005, after passing he started working at Bain & Company as a senior associate consultant.
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The seeds of Zomato were sowed in 2008. Long working hours frequently caused Goyal and colleagues to struggle while trying to find good food delivery options. Eventually, he started to think about an online platform that aggregates restaurant information, hence making it easy to order from them.
Birth of FoodieBay and the Zomato Revolution
Goyal first started FoodieBay.com with a colleague along with his co-founder Pankaj Chaddah. This venture focused on making the largest restaurant directory in Delhi-NCR. Within the next month, the platform gained immense popularity to catch investments from several investors like Info Edge India, Sequoia, Temasek, and Ant Financial, an affiliate of Alibaba.
In the year 2010, FoodieBay.com rebranded itself as Zomato. Other than just listing down restaurants, Food Ordering and Delivery services were also included on this platform. In 2018, a strategic investment of $200 million by Ant Financial pushed Zomato to unicorn status, i.e., startups valued over $1 billion.
Zomato’s Growth and the Rise of Blinkit
It was a wise move by the famous food delivery application, Zomato, to acquire another company called Blinkit. This helped Zomato grow its business and provide a greater variety of products for its customers. Since the acquisition of Blinkit, Zomato has shown much growth. This shows that Zomato’s decision to buy Blinkit was a good one.
Shares at Zomato have also scaled up considerably, showing a surge of over 300% since July 2023. This combined with Goyal ́s 4.24% holding consisting of 36.95 crore shares in the startup has converted him into a billionaire literally overnight.
Deepinder Goyal Net Worth and Lifestyle
Goyal’s net worth is estimated to be over Rs. 8,300 crore nearly $1.02 billion. He owns a sprawling 5-acre property in Delhi’s Mehrauli area and has recently augmented it by two more plots of 2.5 acres.
Besides, Goyal is well known for his collection of luxury cars that include a Ferrari Roma, a Porsche 911 Turbo, a Lamborghini Urus, and an Aston Martin DB12. These are just some of the luxury purchases Goyal holds.
Beyond the Billions
Goyal’s journey from an IIT graduate to a billionaire entrepreneur is a huge inspiration for business leaders across the country. When he leads the sprawling Zomato food delivery platform, it changes the world at considerable speed. Zomato’s focus on innovation with the addition of Blinkit positioned it for continuous growth in the instant delivery market.
Experts even say that Blinkit’s gross order value (GOV) will surpass Zomato’s food delivery business by FY29. Deepinder Goyal is doing a great job at Zomato. It is going to carve a significant place in ordering things online, especially foodstuffs and other main commodities.