Write some details about Zomato Founder Deepinder Goyal.
person
brightness_auto
3 Answers
Deepinder Goyal, the co-founder and CEO of Zomato, has played a pivotal role in revolutionizing the food delivery industry in India. Let’s delve into his inspiring journey:
Early Days and Education:
Born on January 26, 1983, in Punjab, India, Deepinder Goyal hails from a middle-class family.
He graduated from the prestigious Indian Institute of Technology (IIT), Delhi, majoring in Mathematics and Computing in 2005.
His interest in food and a desire to address the challenges of ordering food online led him to conceive a venture that would eventually become Zomato.
The Birth of Zomato:
Initially named FoodieBay, the startup began in 2008.
Deepinder Goyal, along with co-founder Pankaj Chaddah, transformed FoodieBay into Zomato in 2010.
Zomato serves as an Indian restaurant aggregator, providing comprehensive information about restaurants, including menus, reviews, and food delivery options across almost every Indian city.
Global Expansion and Acquisitions:
Zomato has expanded its global presence by acquiring several startups in different countries.
Notable acquisitions include Gastronauci (Poland’s restaurant search service) and Cibando (an Italian restaurant finder) in 2014.
In 2022, Zomato made its biggest acquisition by acquiring India-based Blinkit (formerly Grofers) for an estimated $560 million in an all-stock deal.
Zomato’s Growth and Impact:
Zomato provides users with a complete reference for restaurants, covering everything from menus to customer reviews.
The platform has become a go-to choice for late-night cravings, urgent home deliveries, and dining recommendations.
As of 2022–23, Zomato operates in more than 1,000 Indian cities and towns and rivals Swiggy in the food delivery and hyperlocal space.
Deepinder Goyal’s Net Worth:
His current net worth stands at approximately ₹2,030 crores (around $243 million).
Goyal’s stake in Zomato is now worth $650 million, making him a prominent figure in India’s startup scene