Introducing Deepinder Goyal, the co-founder and CEO of Zomato, an illustrious entrepreneur and IIT Delhi alumnus, boasting an impressive net worth of Rs 2,030 crore. Goyal, a source of inspiration for budding entrepreneurs, has strategically diversified his wealth across various business sectors.
His upcoming appearance on the 2024 season of Shark Tank India, alongside esteemed Sharks from previous seasons and new faces like Ritesh Agarwal, Ronnie Screwvala, Radhika Gupta, and Azhar Iqubal, adds another chapter to his entrepreneurial journey.
Educational and Professional Background:
Graduating in 2005 with a Mathematics and Computing degree from IIT Delhi, Goyal commenced his professional journey at the management consulting firm, Bain & Company. It was during his tenure there that the seeds of his own venture were sown, leading to the inception of Zomato.
The Genesis of Zomato:
In 2008, Goyal, in collaboration with Pankaj Chaddah, founded their food delivery company, initially named Foodiebay. A year later, rebranded as Zomato, the company expanded its footprint globally, reaching countries like South Africa, Canada, UAE, and New Zealand.
Financial Overview:
Currently holding a 5.5 percent stake in Zomato, Goyal’s 2020 salary exceeded Rs 3 crore but saw a significant decline to Rs 1.96 crore in 2021, following his decision to forgo a salary for the next three years. His estimated net worth stands at Rs 2030 crore. In 2022, Goyal donated ESOP shares worth Rs 387 crore to the Zomato Foundation, dedicated to the well-being of the company’s delivery partners, bringing the total worth of his ESOP proceeds to nearly Rs 700 crore.
Company Performance:
Zomato surprised the market with a net profit of Rs 36 crore in the September quarter of 2022, following a profit of Rs 2 crore in the preceding June quarter. Despite a reported loss of Rs 251 crore in 2022, the company rebounded with a significant revenue increase of 72%, reaching Rs 2,848 crore in the second quarter of 2023.
Diversified Investments:
Beyond Zomato, Goyal has proven his acumen as an investor by participating in various start-ups, including Bira 91, HyperTrack, TerraDo, and SquadStack.
Deepinder Goyal’s journey from an IIT alumnus to a key figure in India’s entrepreneurial landscape is a testament to his vision and business prowess, making him a dynamic force in the business world.
