Deepinder Goyal, the CEO of Zomato, has recently acquired two expansive land parcels totaling approximately 5 acres in Mehrauli Tehsil, New Delhi, at a combined cost of Rs 79 crore. According to property registration documents obtained by CRE Matrix, Goyal completed the transactions with different sellers, incurring a stamp duty of Rs 5.24 crore.
The first land acquisition, finalized on March 28, 2023, involved a purchase of 2.5 acres from Luxalon Building Pvt Ltd for Rs 29 crore, with a stamp duty payment of Rs 1.74 crore. Subsequently, on September 1, 2023, Goyal procured an additional 2.53 acres from seller Ravi Kapur for Rs 50 crore, accompanied by a stamp duty of Rs 3.50 crore.
Both parcels underwent registration proceedings at Hauz Khas in the village of Dera Mandi within the Chhatarpur area.
While Zomato has yet to respond to inquiries regarding the transactions, efforts to reach out to the sellers for comment remain unsuccessful.
Goyal’s investment adds to the recent activity in the Delhi-NCR real estate market, which saw Rajesh Magow, CEO of MakeMyTrip Group, purchasing a 6,428 square feet apartment in DLF Magnolias, Gurugram, for Rs 33 crore. In a separate transaction, Piyush Mehta, Chief Human Resources Officer of Genpact, acquired a 6,462 sq ft flat in the same complex for Rs 32.60 crore. Stamp duties of Rs 1.98 crore and Rs 1.95 crore were respectively paid for these transactions, executed in October 2023.
Another notable deal involved Countrywide Promoters, a subsidiary of developer BPTP Group, securing a 5.24-acre plot near the Dwarka Expressway in Gurugram for Rs 87.27 crore. Executed on November 16, 2023, the sale deed incurred a stamp duty of Rs 6.11 crore.
Early Life and Education:
Deepinder Goyal hails from a modest background, born in Muktsar, Punjab. He pursued his schooling at DAV College, Chandigarh, and later gained admission to the Indian Institute of Technology, Delhi, in 2001. Graduating in 2005, Goyal earned a B.Tech degree in Mathematics and Computing.
Founding of Zomato:
Deepinder Goyal’s vision has reshaped the landscape of food delivery in India. The concept for Zomato emerged during his tenure at Bain, where he observed colleagues grappling with the complexities of ordering food from restaurants. Recognizing the necessity for an online platform offering comprehensive restaurant information, Goyal, alongside colleague Pankaj Chaddah, launched Foodiebay.com in 2008. By 2010, the platform rebranded as Zomato.com, swiftly gaining widespread recognition and securing its initial funding of $1 million from Indo Edge.
Goyal shared insights into Zomato’s performance on New Year’s Eve, disclosing that Indian patrons had collectively tipped delivery partners over Rs 97 lakh during the celebrations. The platform experienced an unprecedented surge in orders, equivalent to six years’ worth of combined orders, on December 31. Expressing gratitude to the nation, Goyal highlighted the dedication of over 3 lakh delivery partners from Zomato and Blinkit who facilitated the festivities.
Assets:
According to the Economic Times, Deepinder Goyal possesses a 5-acre landholding in Delhi’s Dera Mandi village valued at Rs 79 crore. Additionally, as reported by the Hindustan Times, Goyal owns a fleet of luxurious vehicles, including a Ferrari Roma valued at Rs 4.76 crore, a Porsche 911 Turbo priced at Rs 3.35 crore, and a Lamborghini Urus valued at Rs 4.18 crore.
Net Worth:
According to Koimoi, the net worth of Zomato’s co-founder and CEO stands at Rs 2570 crore. Holding a 5.5% stake in Zomato, Goyal has also diversified his investments into various startups, including Bira 91, HyperTrack, TerraDo, and SquadStrack.
