Deepinder Goyal born on 26-01-1983 is the co-founder and CEO of one of the largest restaurant aggregator and food delivery service known as Zomato. Along with India, Zomato is available on more than 24 countries such as UAE, Sri Lanka, Qatar, UK, Indonesia and many more in more than 10,000 cities. He and Pankaj Chaddah together founded Zomato (then Foodiebay) back in 2008. The rename of Zomato from Foodiebay happened in 2011.
Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Pankaj Chaddah and Deepinder Goyal in 2008. Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities. As of 2019, the service is available in 24 countries and in more than 10,000 cities.
Deepinder Goyal Biography
| Full Name | Deepinder Goyal |
| Gender | Male |
| Born/Date of Birth | 26 January 1983 |
| Age | 38 Years (as of 2021) |
| Hometown | Muktsar, Punjab, India |
| Occupation | Entrepreneur, Businessman |
| Years active | 2007-Present |
| Current Position | Director & CEO of Zomato |
| Company Founded | Zomato.com |
| Current City | New Delhi, India |
| Nationality | Indian |
| Religion | Hinduism |
| Height (Approx) | 1.8 m |
| Weight (Approx) | 78+kgs |
| Eye Color | Dark |
| Hair Color | Black |
| Parents | Father: Harbans Lal Goyal |
| Marital Status | Married |
| Spouse | Kanchan Joshi |
| Children | Siara Goyal |
Deepinder Goyal Early Life, Education & Career
Goyal completed his graduation from IIT Delhi back in 2005 with a Mathematics and Computing.
| College / University | DAV College, Chandigarh Indian Institute of Technology (IIT) Delhi University |
| Education Qualification | Graduate |
| Debut | Launched Zomato (2008) |
| Career | Entrepreneur |
Deepinder Goyal Background & Religion
| Religion | Sikhism |
| Mother Tongue | Punjabi |
| Food Habits | Non-Vegetarian |
| Hobbies | Singing, Travelling |
| Birthplace | Muktsar, Punjab, India |
| Residency | Gurgaon, Haryana |
| Nationality | Indian |
Deepinder Goyal Height & Weight
| Height (Approx) | In Feet – 5’9″ In Centimeters – 175 cm |
| Weight (Approx) | In Kilogram – 78 kg In Pounds – 171 lbs |
Deepinder Goyal Net Worth
If I talk about his net worth then his current net worth is then it is about $650 million, and his monthly income is not about 1.96 crores.
| Net Worth | 1.96 crores. |
The Idea of Zomato
While working at Bain, Deepinder noticed that his colleagues often faced difficulty in ordering food from nearby restaurants, as they had to rely on paper menus or phone calls. He realized that there was a need for an online platform that would provide comprehensive information about restaurants, such as menus, reviews, ratings, photos, and contact details. He also saw the potential of tapping into the growing internet and smartphone penetration in India, and the increasing demand for convenience and variety in food options.
Deepinder decided to quit his job and start his own venture, along with his colleague and friend Pankaj Chaddah. They launched Foodiebay.com in July 2008, a website that listed menus of restaurants in Delhi-NCR. They started with a small team of four people, and operated from a rented apartment. They bootstrapped their business, and relied on word-of-mouth marketing to attract users and restaurants. They gradually expanded their coverage to other cities, such as Mumbai, Bangalore, Pune, and Kolkata. Zomato’s IPO also made Deepinder Goyal one of the richest entrepreneurs in India, with a net worth of Rs. 2,200 crores.
Investments Beyond Zomato
Apart from Zomato, Deepinder Goyal has made some smart investments in various startups.
Some of his portfolio companies include
- SquadStack
- Bira 91
- HyperTrack
- TerraDo
Through these investments, Deepinder is expanding his wealth while also supporting emerging startups.
Deepinder Goyal Luxury Car Collection
- Ferrari Roma – Sleek grand tourer with 620hp turbo V8
- Porsche 911 Turbo S – Ultimate performance icon making 650hp
- Lamborghini Urus – World’s fastest SUV hits 60mph in 3.6sec
- Porsche Carrera S – The perfect blend of power and precision
Zomato Company Revenue
- In the September 2022 quarter (Q2 FY23), Zomato reported a net profit of Rs 36 crore.
- This was a positive surprise as it came after a small profit of Rs 2 crore in the preceding June 2022 quarter (Q1 FY23).
- However, for the full financial year 2022, Zomato had reported a consolidated loss of Rs 251 crore.
- In the latest September 2022 quarter, Zomato’s revenue came in at Rs 2,848 crore.
- This denotes a strong 72% increase compared to revenue of Rs 1,661 crore in the same quarter last year (Q2 FY22).
- In his letter to shareholders, CEO Deepinder Goyal noted that the growth momentum witnessed in Q1 FY24 has continued into Q2 FY24.
- He attributed this healthy growth to strong performance across all of Zomato’s business segments.
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Deepinder Marriage & Wife
Deepinder Goyal is married to Kanchan Joshi, who is a mathematics professor at Delhi University. They met during their college days at IIT Delhi and got married in 2007. They have a daughter named Siara Goyal, who was born in 2013. Deepinder is very close to his family and often shares pictures of them on his social media accounts. He also credits his wife for being his pillar of support and his biggest critic.
Deepinder Goyal Awards and Recognition
Deepinder Goyal has received several awards and recognition for his entrepreneurial journey and achievements. Some of them are:
- Forbes India 30 Under 30 (2013)
- Fortune India 40 Under 40 (2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021)
- Economic Times Startup Awards – Entrepreneur of the Year (2017)
- Entrepreneur India Awards – Entrepreneur of the Year in Service Business – Food and Beverages (2017)
- GQ India 50 Most Influential Young Indians (2017, 2018, 2019)
- Hurun India Rich List – Self-Made Under 40 (2019, 2020, 2021)
- Business Today Most Powerful CEOs in India (2020, 2021)
- CNBC TV18 Young Turks of the Year (2020)
- Business Standard CEO of the Year (2020)
- ET Prime Startup Awards – Startup of the Year (2021)
Deepinder Goyal in Shark Tank India Season 3
Deepinder Goyal is all set to join the team of sharks in Shark Tank India Season 3. Considering his expertise and investment portfolio, everyone will look forward to seeing how his deals fare in the show. We will have to wait until 22 January 2024, but one thing is for sure: Deepinder Goyal will not fail to captivate the audience with his business wisdom and attention-grabbing persona.
Deepinder Goyal Controversy
- Zomato’s 10-minute food delivery controversy: Zomato stirred debate in March 2022 by announcing plans for a service delivering cooked food within 10 minutes of order placement. The announcement faced backlash on social media, with concerns raised about the feasibility and safety of such rapid delivery. In response, Goyal clarified that the service was still in development, and Zomato would include Maggi in their 10-minute food stations.
- Pandemic donation: Amid the COVID-19 pandemic, Deepinder Goyal demonstrated philanthropy by donating Rs 700 crore worth of stocks to the Zomato Future Foundation. The funds were dedicated to supporting the education of the children of Zomato’s delivery partners, showcasing his commitment to the well-being of those in the food industry.
- ‘Rest Points’ initiative: Goyal announced the creation of ‘Rest Points’ as part of an initiative to support gig economy workers. These rest stops would provide infrastructure and assistance for gig workers, not limited to Zomato employees but extending to those working with other companies.
- Shark Tank India participation: Deepinder Goyal’s presence as one of the sharks in Shark Tank India Season 3 highlighted his entrepreneurial journey and willingness to invest in and mentor other budding entrepreneurs.
Facts About Deepinder Goyal
- Twitter bio insight: Deepinder Goyal’s Twitter bio describes him as a “Zomato delivery guy and letsblinkit,” showcasing his hands-on involvement in the business.
- Academic background: An alumnus of IIT Delhi, Goyal graduated in 2005, demonstrating his academic prowess.
- Humble beginnings: Hailing from a middle-class family with a teaching background, Goyal’s parents aimed for him to lead a secure life, potentially influencing his entrepreneurial journey.
- Generosity: Deepinder Goyal is recognized for his generosity, reflecting his commitment to philanthropy and social causes.
- Family: Goyal is a family man with a daughter named Siara, born in 2013.
- Parental influence: His parents, both teachers, had aspirations for Goyal to lead a secure life, possibly playing a role in shaping his entrepreneurial path.
Deepinder Goyal Facts and Trivia
- He was born on 26 January 1983, which makes him share his birthday with India’s Republic Day.
- He started Zomato in 2008 as Foodiebay, along with his friend and colleague Pankaj Chaddah. The idea came to him when he noticed that his colleagues at Bain and Company often faced difficulties in ordering food from the office cafeteria, as they had to wait in long queues to see the menu and place their orders.
- He renamed Foodiebay to Zomato in 2010, as he wanted to have a catchy and global name that would appeal to a wider audience. He also wanted to avoid any legal issues with eBay, which had a similar sounding name.
- He is a serial investor and has invested in startups like Bira 91, Hyper Track, Terra Do, among others.
- He abstained from receiving any earnings for three consecutive financial years (2021-2023), as he wanted to save costs and support his employees during the COVID-19 pandemic.
- He is a fan of Ferrari cars and owns a Ferrari Roma, which costs around Rs. 4 crore in Indi.
- He is one of the six sharks in Shark Tank India, a reality show that features entrepreneurs pitching their ideas to a panel of investors. He will be judging the startups along with Ritesh Agarwal, Radhika Aggarwal, Bejul Somaia, Sanjeev Bikhchandani, and Vishal Sikka.
Deepinder Goyal News and Updates
Some of the latest news and updates related to Deepinder Goyal and Zomato are:
- Deepinder Goyal joins the jury of Shark Tank India, a reality show that features entrepreneurs pitching their ideas to a panel of investors, also known as sharks. He will be one of the six sharks, along with Ritesh Agarwal, Radhika Aggarwal, Bejul Somaia, Sanjeev Bikhchandani, and Vishal Sikka. The show is expected to air on Sony TV in early 2024.
- Deepinder Goyal announces that Zomato will invest $100 million in Grofers, the online grocery delivery platform that Zomato acquired in 2022, to boost its growth and expansion. He also says that Zomato will launch a new app called Zomato Groceries, which will offer a seamless and convenient grocery shopping experience to its users.
- Deepinder Goyal reveals that Zomato has crossed 100 million monthly active users (MAUs) in India, making it the most popular food delivery app in the country. He also says that Zomato has achieved profitability at the unit economics level, meaning that it earns more revenue per order than it spends on delivery and other costs. He attributes this success to the strong execution and innovation of the Zomato team.
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