In today’s world, can you imagine living without online food delivery service in minutes? No right? Things like this have become such an indispensable part of our lives that it is scary to think about the what-ifs. Among the several food delivery companies out there, Zomato does shine the brightest. Pretty sure that even if you have never tried Zomato, you must have come across numerous advertisements about it at least. Zomato is an Indian multinational food delivery company co-founded by Deepinder Goyal in 2008. He is making the headlines after joining the panel for Shark Tank India Season 3. In this article, we will discuss about Deepinder Goyal net worth, lifestyle, and many more.
Deepinder Goyal is quite a charming personality and all the Shark Tank fans are excited to get him on the panels and his views on the pitching made by the start-ups.
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Who is Deepinder Goyal?
Deepinder Goyal was born on 26 January 1983 in Muktsar, Punjab. He is the co-founder and CEO of one of the biggest restaurant aggregators and food delivery companies in India. Apparently, he wasn’t the brightest back in school days, in fact, he was a below-average student who struggled to pass his classes. After almost failing in class 6, one of the teachers came up with a solved answer sheet.
Although he topped the class, Deepinder said that it gave him a false sense of confidence which didn’t feel right so he worked hard by himself. He successfully managed to clear the Indian Institutes of Technology (IIT) Joint Entrance Examination on his first try and completed his Engineering from IIT, Delhi.
In 2005, after his graduation, he founded a delivery startup called Foodlet which unfortunately didn’t work out well.
How did he come up with the idea of Zomato?
Deepinder Goyal joined Bain and Company as an Associate Consultant back in January 2006 which is a business management consultant company in Gurgaon. While working
at Bain and Company for three years, he observed that there was a great deal of demand for menu cards among his colleagues during that time. This is what pushed the idea of Zomato in his mind.
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In July 2008, Deepinder, along with Pankaj Chaddah who was his colleague at Bain and Company started Foodiebay, a restaurant listing and recommendation portal, which has evolved into what we know as Zomato now. He quit his job at Bain and Company in November 2009 to work committedly for his start-up. Zomato received its first investor cheque in 2010 from Sanjeev Bikhchandani of InfoEdge. In the beginning, the restaurants used to promote their brands on Zomato and it was quite advertisement-oriented.
Now, Zomato is available in more than 24 countries like UAE, Sri Lanka, the UK, Indonesia, and others. In 2011, Deepinder Goyal and Pankaj Chaddah decided to rename it Zomato from Foodiebay.
Growth of Zomato over the years
Zomato first introduced food ordering services on its platform in the latter half of 2015. In the month of January 2020, Zomato had its first all-stock acquisition of Uber Eats India. The company reported a profit of ₹2 crore in the inaugural quarter of the 2022-2023 financial year. In fact, it marked the enterprise’s first profitable quarter since its establishment in 2008.
Deepinder Goyal investments
Reportedly, Deepinder Goyal has investments in 16 startups which include ChefKart and Unacademy. Goyal is also said to have invested in SquadStack, Bira 91, HyperTrack, and TerraDo. He also held the position of a board member in Urban Company until March
2023. Zomato being the parent organization of Blinkit, Deepinder had to step down from his position at Urban Company when Blinkit ventured into the home services sector. Since 2021, Goyal has been a designated partner at First Lap LLP.
Deepinder has also got a dream collection of cars
Deepinder Goyal owns a red color Ferrari Roma that is often spotted on the roads in Gurugram, Haryana, which is the location of Zomato Headquarters. Apart from that he also owns:
- Porsche 911 Turbo S
- Porsche Carrera S
- Lamborghini Urus
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Deepinder Goyal net worth
Deepinder Goyal net worth swelled to 650 million dollars when bought its IPO in 2021. However, as of September 30, 2022, his net worth is Rs 2030 crore.
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