Zomato’s 41-year-old CEO Deepinder Singh Goyal has become India’s richest professional manager.
Food delivery startup founder and CEO Deepinder Singh Goyal has become a billionaire. Recently Zomato had increased its platform fees by 20%. At the same time, the 300 percent rise in Zomato shares from the low of July 2023 gave them entry in the Billionaire Club. Deepinder Goyal’s net worth in Forbes Real Time Billionaire Index is $1.4 billion. Goyal is at 2173rd position in the latest list of the world’s richest people.
Zomato shares hit a new record of Rs 232 on NSE and gained up to 3 per cent in early trade, taking its market cap to more than Rs 2 trillion.
Let us tell you that the stock gained after the company announced to increase its platform fee from Rs 5 to Rs 6, which was earlier Rs 5. The new fees will be applicable in select markets of Delhi and Bengaluru. This is expected to have a slight positive impact on the profitability of the company.
According to the news of Mancontrol, with this the 41-year-old founder of Zomato has become the richest professional manager of India. His total wealth is more than Rs 8,300 crore. Goyal holds 36.95 crore shares or 4.24 percent stake in the company.
Journey from middle class to billionaire club
Coming from a middle class family, Goyal had graduated from IIT Delhi in Maths and Computer. Inspired by his passion for food, he created an app for convenient food ordering. While at Bain & Company, he founded FoodieBay.com. It was later renamed Zomato.com after recognizing its potential to streamline the food ordering process. In 2011, with seed funding from Info Edge, Goyal and his team left their jobs to focus on Zomato’s growth. The company became a unicorn in 2018.
zomato share price history
Today, Zomato shares opened at Rs 225 on NSE and reached an all-time high of Rs 232. The share price has increased from Rs 126 on July 23, 2021 and has now reached this point. During this period, it has registered a jump of more than 80 percent. Its 52 week low is Rs 76.50. This stock has given a return of 183 percent in the last one year. Whereas so far this year it has increased by more than 82 percent. In just six months, Zomato was successful in giving returns of about 70 percent and 20 percent in one month.
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