• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, July 9, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home India News

Deepinder Goyal closer to India’s $1Bn club after Zomato’s listing

by Balraj
July 26, 2021
in India News, Startups
Reading Time: 2 mins read
0
Profile Shoot Of Zomato CEO Deepinder Goyal

Credit: Hindustan Times via Getty Images

TwitterWhatsappLinkedin

As Zomato Ltd.’s shares climbed on their public opening, Deepinder Goyal entered the legions of Indian startup founders who have gained huge personal fortunes. On the day of its listing on stock exchanges, Zomato jumped by as much as 83 percent above its issue price. At Rs 125.20 a share, the shares closed 65 percent higher than its initial public offering price, valuing Goyal’s 4.7 percent ownership in the food tech company at Rs 4,649.7 crore (~$625 million).

You might also like

Trackon: Powering India’s Logistics with Smart Systems

How China’s Auto Industry is Boosting Sales with “Brand-New Used Cars”

Bengaluru Rises to 14th Place in Global Startup Ecosystem Report 2025

Profile Shoot Of Zomato CEO Deepinder Goyal
Credit: Hindustan Times via Getty Images

He also holds over 368 million equity shares for the next six years, and, if executed, would nearly double his stakes in the company which has a market valuation of $13.3 billion. Although Goyal’s personal fortune is still far below that of India’s top industrialists, he has joined an exclusive group of ultrarich startup entrepreneurs such as Byju Raveendran of Byju’s, Flipkart co-founders Sachin and Binny Bansal, and Paytm CEO Vijay Shekhar Verma.

Info Edge (India) Ltd, founded by Sanjeev Bikhchandani, also owns 15.11 percent of the shares on the day of the IPO, was worth Rs 14,918 crore. The overall market cap of Rs. 66,210 crore is at Info Edge (India) Ltd. and Bikhchandani holds roughly 35 percent of the shares indicating a net worth of Rs. 23,173 crore.

Zomato is among the first modern technological startups of India to enter National Stock markets giving a good opportunity for each and every retail investor in the nation who wishes to invest in the food tech giant. The IPO has created remarkable enthusiasm, flooding Twitter about picking up share allocations and joked about the competitor Swiggy app being deleted from their smartphones. While CEO Deepinder Goyal praised both Zomato and Swiggy as the best food delivery app in the entire world.

The Gurgaon-based food aggregator has diversified itself into 100 cities across 19 countries, including Turkey, Brazil, New Zealand, and Indonesia. But the loss-making operation pushed Goyal to cut employment and reduce global presence. A strong stock market opening has provided hope to other food startups while somehow providing an opportunity for retail investors.

Deepinder Goyal during his college days at the Indian Institute of Technology was somewhat disappointed with a pizza order after which he got the inspiration for an online food delivery network. After graduating and joining Bain & Co., he noticed colleagues in the workplace cafeteria reading the limited menu and discussing anxiously foods at local restaurants, which cemented his desire found Foodiebay.

The name was turned into Zomato to rhyme with Tomato after which notable foreign investments such as Sequoia Capital, Jack Ma’s Ant Group Co., and Tiger Global Management have joined as investors in the Indian multinational restaurant aggregator and food delivery company founded by Deepinder Goyal and Pankaj Chadda. However, Chadda left the company in the year 2018.

Tags: Deepinder GoyalInfo Edge India LtdPankaj ChaddahSanjeev BikhchandaniSequoia CapitalSwiggyTiger Globalzomato
Tweet54SendShare15
Previous Post

How to post a voice tweet for iOS and Android devices

Next Post

Microsoft Surface Duo 2 images leaked online showing rear triple camera system

Balraj

Balraj writes about Startup, Business, Technology related news on Techstory... For Business Enquires related to TechStory; Get in touch on: [email protected]...

Recommended For You

Trackon: Powering India’s Logistics with Smart Systems

by Rohan Mathawan
July 7, 2025
0
Trackon: Powering India’s Logistics with Smart Systems

In an era where speed, transparency, and digital precision define the future of logistics, Trackon is rewriting the playbook on how legacy courier systems can evolve without disruption....

Read more

How China’s Auto Industry is Boosting Sales with “Brand-New Used Cars”

by Samir Gautam
June 25, 2025
0
How China’s Auto Industry is Boosting Sales with “Brand-New Used Cars”

Imagine buying a “used” car that’s never been driven. Sounds odd? That’s exactly what’s happening in a booming grey market driven by China’s auto industry, and it’s quietly...

Read more

Bengaluru Rises to 14th Place in Global Startup Ecosystem Report 2025

by Rounak Majumdar
June 15, 2025
0
Bengaluru Rises to 14th Place in Global Startup Ecosystem Report 2025

Bengaluru, India’s renowned tech capital, has made an impressive leap in the Global Startup Ecosystem Report (GSER) 2025, climbing seven spots to secure the 14th position worldwide. This...

Read more
Next Post
Microsoft Surface Duo 2 images leaked online showing rear triple camera system

Microsoft Surface Duo 2 images leaked online showing rear triple camera system

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?