How Much is Deepinder Goyal Worth in 2024?

Deepinder Goyal is one of the most famous names in the world of entrepreneurs. He is the co-founder and CEO of Zomato, India’s largest food delivery app, and is one of the most successful tech innovators presently. His company, Zomato, has changed the way, how the food and technology industry works in India and other different countries. The platform manages everything, from our late-night carvings to instant delivery of our delicious meals, and that too in just a few simple clicks.

Deepinder Goyal’s net worthof approximately Rs. 2500 crore is a true reflection of his commitment and dedication to success. In 2021, Zomato was recognised as the startup of the year and quickly became a leading name. Today, the platform is preferred by many customers for instant food delivery and restaurant discovery. The exclusive discount offers and additional promo codes attract people to experience the delicious flavours of Indian food from the comfort of their homes. The idea not only set a benchmark in the tech world but has also inspired millions of young entrepreneurs to explore the various facets of the digital industry.

Early Life and Education

Deepinder Goyal, was born in Muktsar, Punjab. Being from a middle-class family, their entrepreneurial early life and education played a major role in shaping his career and dreams. Goyal completed his primary education and schooling in Punjab. In 2005, Deepinder pursued his post-graduation from the prestigious Indian Institute of Technology, Delhi, in Mathematics and Computing.

Deepinder’s Goyal education proved to be a strong foundation for his entrepreneurial pathway, equipping him with the skills necessary to excel in the business world. Throughout his academic career, he showed a keen interest in extracurricular activities and projects that helped him acquire skills relevant to the entrepreneurial sector. This period motivated the young learner to learn more about the technological domain, providing him with the inspiration necessary to begin his own future ventures.

Moving further, Goyal joined a management consultancy named Bain & Company and simultaneously began working on his startup project, ‘Zomato’. The strong analytical and problem-solving skills acquired during his tenure helped him gain valuable insights into various business strategies, operational management, and dynamics of the market, which later benefited in starting a corporate firm. Zomato was founded in 2008 and was initially known by the name of Foodiebay.

Despite his tech background, the Zomato founder has always been a poetry and culture lover, and is a bibliophile—a person with a special hobby of collecting and reading books, essentially a book lover. Later on, he published his own book, on workplace culture within a company titled ‘Culture’. Some of the statements from the book, such as “This place (Zomato) is designed to make you uncomfortable” and “But we don’t build these services to make money.

By now, we must have a brief understanding of who is Deepinder Goyal, so let’s move on to the company’s performance and revenue in these growing years to gain some more insights into the world’s leading food delivery platform.

Rise of Zomato Under Goyal’s Leadership

Zomato has observed enormous growth in terms of revenue and success under Deepinder Goyal’s leadership. Here are some of the key highlights of the organization that will help understand the numbers better:

• The online food industry in India is anticipated to grow at a 16.95% CAGR (CAGR 2024-2028), generating revenue of around Rs. 3,588.96 billion by 2024.
• Starting in 2008, Zomato—co-founded by Deepinder Goyal and Pankaj Chaddah—initially operated as a website helping people find restaurants in India. Later, under Goyal’s guidance, the platform started providing additional services to users.
• Features like online ordering, food delivery, restaurant discovery, and advanced table bookings allow customers to enjoy various services from the comfort of their homes.
• In 2008, the company received its first funding of Rs. 82,000,000 from Indo Edge. The initial revenue came from advertisements in restaurants, but later, it introduced some changes to adapt to recent market trends.
• Deepinder Goyal’s Zomato’s expansion to other countries such as the United States, the United Kingdom, Australia, and many more, has helped the organization become a global brand name. In 2012, it began providing services in Sri Lanka, UAE, Qatar, South Africa, and the Philippines, while in 2013, North Zealand, Turkey, and Brazil were added to the list.
• The acquisition of other popular food delivery providers in countries outside of India helped Zomato establish its presence in the foreign market.
• In 2014, it acquired Gastronauci, a Polish restaurant search service, and Cubano, an Italian restaurant finder. Another significant step was the acquisition of the US NexTable platform.
• With substantial investments from other investors, Zomato captured various food delivery companies, such as Urban Spoon and Uber Eats, in many countries. The year 2015 was challenging for the company, marked by significant financial losses, which ended up as a wake-up call for the organization.
• As time passes, Zomato has also started providing its services outside India. It surprised the market with a whopping net profit of Rs. 36 crore in the first quarter of September 2022, followed by a profit of Rs. 2 crore in the preceding quarter.
• However, there were reports of a Rs. 251 crore loss to the company in 2022, which again rebounded with a 72% growth rate, reaching Rs. 2848 crore in the second quarter of 2023.
• The COVID-19 pandemic acted as a catalyst for Deepinder Goyal’s Zomato business. With restrictions on home ownership, the platform observed an immediate increase in online food ordering.
• Along with that, the Blinkit acquisition by Zomato- proved to be a game-changing move for the company. The fast and instant deliveries of groceries made the organization became a household name in every home.

Here are some of the other growth insights of Zomato:

1. In 2011- Zomato established its monopoly in states other than Delhi-NCR, i.e., Pune, Bangalore, Chennai, Ahmedabad, and Hyderabad.
2. The launch of Zomato mobile applications greatly contributed to its overall growth and success.
3. In 2017, after the successful establishment of Zomato in other countries, it observed a revenue growth of 81%, with around 3 million orders per month.
4. In July 2021, the platform delivered around 1 billion orders globally.
5. It is currently in more than 800 cities and had 647 million orders and 58 million customers in FY23.

Deepinder Goyal on Shark Tank

Deepinder Goyal appeared on Shark Tank India in the 2024 season. His profound insights into detailing and logistics helped the founders address their shortcomings and better prepare for the future.

Deepinder Goyal in Shark Tank season 3, with its detailed feedback and approach, has also sparked discussions among startup founders. One of the show’s promos highlights Zomato’s founder’s emphasis on the importance of precision and how small errors can impact decisions in a professional atmosphere.

Deepinder’s approachable thinking resonated with many viewers of the show. He received praise on social media platforms for sharing his valuable insights and attention to detail. He particularly invested in challenging businesses that are focused on bringing positive change to people’s lives. Through his appearance in a prestigious show like Shark Tank India, many people got to know who Deepinder Goyal is,and the engagement proved to make the new season more exciting, fun, and informative.

The Zomato CEO made his very first investment in a pitch for the Artisanal Feni Brand, which launched 6 months ago. The brand was presented by a brother-sister duo and had an interesting story of their family’s authentic recipe for the same. The entrepreneurs started with an ask of Rs. 1 crore for 5% equity at a total valuation of Rs. 20 crore. Deepinder took an interest in understanding the dynamics of the alcohol market in India and its revenue system.

Goyal’s participation in Shark Tank India Season 3 was not only limited to investments but also provided entrepreneurial vision to young leaders’ dreams. His presence impacted many aspirants, inspiring them to pursue their business ideas with ease and confidence. Overall, Deepinder Goyal’s participation in Shark Tank was a testament to the country’s startup ecosystem.

Analyzing Deepinder Goyal’s Net Worth

According to a report, the Zomato founder, Deepinder Goyal, has a whopping net worth of billions. The IIT Delhi graduate has also invested in many startups, including Bira 91, HyperTrack, and TerraDo. Deepinder Goyal’s net worth is currently around Rs. 2570 crore. At present, he holds a 5.5% stake in his company, Zomato.The young billionaire also owns other assets, such as 5 acres of land in Delhi’s Dera Mandi Village, which cost approximately Rs. 79 crore. Along with it, Goyal owns several high-end, lavish, and swanky cars, including a Ferrari Roma worth Rs. 4.76 crore and a Porsche 911 Turbo worth Rs. 3.35 crore. Others include a Lamborghini Urus worth Rs. 4.18 crore and a Turbo worth Rs. 2.31 crore.

Additionally, certain factors can significantly affect Deepinder’s Goyal net worth. Changes in the stock market and investments by leading investors in Zomato can bring about substantial changes in the entrepreneur’s net worth.

Final Reflections: Deepinder Goyal’s Impact on Business World

In conclusion, Deepinder Goyal’s journey is truly inspiring for many young entrepreneurs. Deepinder Goyal’s net worth of billions demonstrates Zomato’s founder’s dedication and keenness towards success. Over the passing years, he has established himself as a renowned name in the tech industry.

Zomato is the most trusted platform for food delivery in India today. Not only does the company ease the lives of many people, but it also always focuses on improving customer service. Under Deepinder Goyal’s guidance, the company has received many awards, originally users’ choices that showcase customer trust and satisfaction in the service provided by Zomato.

Its innovative approach to solving real-world problems has transformed the way people discover and order food in India, making it one of the leading start-ups worldwide.

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