Deepinder Goyal is now a billionaire as Zomato shares rally 300% in just 2 years

Zomato's Deepinder Goyal joined the elite club of billionaires in India after the company's market capitalisation breached the $2 trillion mark. Zomato's shares on Monday, July 15, hit an all-time high of Rs 232 a piece following a 4.2% surge on the National Stock Exchange. The shares opened trade at Rs 222, up from the previous close, before hitting the day's high and driving the market capitalisation over the $2-trillion mark.

Deepinder Goyal, an IIT Delhi graduate, co-founded Zomato in 2008 as Foodiebay, a restaurant directory, along with Pankaj Chaddah. The platform was renamed Zomato in 2010 following its initial success and went on to become a unicorn, attaining a market valuation of $1 billion in 2018-19. The same year, Pankaj Chaddah exited the company.

Mr Goyal's realtime net worth is at $1.4 billion, up around $33 million this year, as per Forbes. With this, Mr Goyal, who owns 36.95 crore shares or a 4.24% stake in Zomato, has become India's richest professional manager. The company went public in 2022, launching a much-talked-about initial public offer (IPO). Over the last year, Zomato shares have surged 82% since 2023 and 184%.