Understanding Deepinder Goyal's Zomato Stake and Business Deals

Deepinder Goyal's Zomato stake is a significant aspect of his entrepreneurial journey. He co-founded Zomato in 2008 with Pankaj Chaddah.

Zomato started as a restaurant discovery and food ordering platform in India. It has since expanded globally.

Deepinder Goyal holds a significant stake in Zomato, with a reported 16.7% ownership. This stake has been a result of various business deals and investments over the years.

Zomato's stock has seen remarkable growth in 2023, with a year-to-date (YTD) increase of over 140%.

As of November 26, the company's shares were trading at Rs 279.84 on the Bombay Stock Exchange (BSE). Zomato's market capitalisation has reached Rs 2,45,243 crore (approximately $28.8 billion).

Goyal owns a 4.18% stake in Zomato, which is currently valued at over Rs 10,000 crore, based on the company's closing share price on November 25.

Shares of Zomato surged by up to 6% in early trade on November 25, supported by two major developments.

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Deepinder Goyal, the founder and CEO of Zomato, owns a 4.18% stake in the company, which is currently valued at over Rs 10,000 crore.

This significant stake in Zomato has made Goyal a billionaire, with the value of his holdings in the company surpassing Rs 8,400 crore.

As of March 31, 2024, Goyal's stake in Zomato is valued at $1.01 billion, with 36,94,71,500 shares.

The stake has been valued at over $1 billion due to Zomato's remarkable growth in 2023, with a year-to-date increase of over 140%.

The company's shares were trading at Rs 279.84 on the Bombay Stock Exchange (BSE) as of November 26, 2023.

Goyal's stake in Zomato makes him one of the richest entrepreneurs in the country, joining the ranks of other successful startup founders.

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Deepinder Goyal, the founder and CEO of Zomato, has entered the billionaire dollar club.

His holdings in Zomato have surpassed Rs 8,400 crore, making him a billionaire.

Goyal owns a 4.19% stake in Zomato, with 36,94,71,500 shares as of March 31, 2024.

Zomato's market capitalization is Rs 2,01,343 crore or $24.25 billion.

The value of Goyal's personal holding crossed $1 billion, with his stake in Zomato valued at Rs 8,423 crore ($1.01 billion).

Zomato's robust growth in the last fiscal year has contributed to Goyal's newfound status.

The company's revenue from operations surged 71% year-on-year to Rs 12,114 crore in FY24.

Goyal's billionaire status is a significant milestone for the VC-backed ecosystem.

He joins the ranks of other successful startup founders, including Sachin and Binny Bansal, Nikhil and Nitin Kamath, Vijay Shekhar Sharma, Byju’s Reveendran, and Ritesh Agarwal.

Goyal's entry into the billionaire club is a testament to his hard work and dedication to Zomato's growth.

The company's valuation has been a key factor in Goyal's success, with Zomato currently valued at $24.25 billion.

Goyal's stake in Zomato is now worth over $1 billion, making him one of the wealthiest individuals in the startup ecosystem.

The value of his holdings is estimated to be north of $1 billion, with his stake in Zomato valued at Rs 8,423 crore.

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Zomato CEO Deepinder Goyal has sold his personal stake in Blinkit to Tiger Global Management.

Deepinder Goyal, Zomato's Co-founder and Chief Executive Officer, has parted ways with his stake in Blinkit.

Zomato had invested $100 million in Blinkit last year for a 9.3% stake in the company, which had valued the company at over $1 billion.

Blinkit had rebranded itself with a view to expanding its 10-minute delivery business to 100 cities.

Zomato is now relying on Blinkit for grocery deliveries, a move that was announced in September.

Blinkit had said it will diversify into non-grocery deliveries under the 10-minute umbrella.

Zomato had made forays into the grocery delivery segment in April 2020, but scaled back the business in only about two months.

The company again announced venturing into the grocery delivery segment last year in July.

Zomato's arch rival Swiggy had announced raising $700 million from global investors to focus on investing heavily in its quick commerce segment, Swiggy Instamart.

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Zomato's market capitalisation has reached Rs 2,45,243 crore, approximately $28.8 billion, as of November 26.

This is a significant milestone for the company, especially when compared to its rival Swiggy, which has a market capitalisation of Rs 99,845 crore, around $11.8 billion.

Zomato's shares surged by up to 6% in early trade on November 25, driven by two major developments.

The company became the first new-age technology company to be included in the 30-stock Sensex, India’s benchmark stock market index.

Zomato also received approval for its Rs 8,500 crore ($1 billion) Qualified Institutional Placement (QIP), which boosted investor confidence.

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Deepinder Goyal, the founder and CEO of Zomato, controls a 7.7% stake in the company, worth nearly $245.2 million.

He is the biggest individual stakeholder in Zomato, leaving other co-founders and executives in his wake.

Pankaj Chaddah, Zomato's co-founder, had moved on from the company in 2018 but still commands a 1.75% stake, valued at around $55.7 million.

Gunjan Patidar, the company's chief technology officer, controls 0.54% stake, estimated to be north of $17.25 million.

In comparison, Swiggy's co-founder and CEO Sriharsha Majety has a 5.54% stake, valued at $172 million.

The ESOP trust controls a 6.77% stake in Zomato on a fully diluted basis, worth nearly $217 million, after the company allotted ESOPs worth nearly $52 million last week.

The Indian startup economy has witnessed tremendous growth in recent years, with the country now home to over 50,000 startups.

India has been ranked as the third-largest startup ecosystem in the world, with a significant increase in the number of startups in the past decade.

The Indian startup ecosystem has seen a surge in funding, with over $20 billion invested in 2020 alone.

One of the key drivers of the Indian startup economy is the food delivery industry, with Zomato being a leading player in this space.

Zomato has expanded its services to over 100 cities in India, making it one of the largest food delivery companies in the country.

The company's success can be attributed to its innovative approach and strategic partnerships, which have enabled it to reach a wider audience.

Deepinder Goyal, the founder of Zomato, has been instrumental in shaping the company's vision and direction.

Under his leadership, Zomato has been able to adapt to changing consumer preferences and technological advancements, solidifying its position in the market.

The Indian startup economy is expected to continue growing, with the government launching initiatives to support startups and promote innovation.

This growth is expected to create new job opportunities and stimulate economic growth, making India an attractive destination for startups and investors alike.