Deepinder Goyal Biography, Wiki, Net Worth, Wife, Education & More

Deepinder Goyal was born on 26 January 1983 in a middle class family in Muktsar, Punjab, India. He is founder and CEO of the Zomato (Indian multinational restaurant aggregator and food delivery company). Deepinder Goyal is also the CEO of Blinkit, a quick commerce platform. Deepinder attended DAV College in Chandigarh and then joined the Indian Institute of Technology, Delhi, in 2001. He graduated in 2005 with a B.Tech degree in Mathematics and Computing from IIT Delhi.

Deepinder Goyal grew up in a simple, middle-class family in Muktsar, Punjab. We are going to tell you about their success story on this page. How has it taken business to new heights since college days?

Deepinder Goyal Biography, Wiki, Net Worth, Wife, Education & More

Early Life of Deepinder Goyal

Deepinder Goyal was born on 26 January 1983 in a middle-class family in Muktsar, Punjab, India. As a child, Deepinder struggled with stuttering, which affected his speech. He still experiences occasional speech difficulties when talking. In school, he struggled with his studies and had trouble passing his classes until the eighth class. Deepinder Goyal recently married Grecia Munoz, a former model from Mexico who is now an entrepreneur. Reports say they got married a few months ago.

Education

Deepinder Goyal grew up in a middle-class family. After graduating in 2005 with a degree in Mathematics and Computing from the Indian Institute of Technology, Delhi, his interest in food led him to create a venture that would make it easy for people to order lunch, breakfast, and dinner through an app.

Net Worth

As a report deepinder Goyal’s net worth is Rs 8,300 crore (as of July 2024). He owns a 5.5% share in Zomato. Goyal has also invested in several other startups, including Bira 91, Hyper Track, TerraDo, and SquadStrack.

Zomato CEO Deepinder Goyal’s Assets

According to the Economic Times, CEO of Zomato Deepinder Goyal owns a 5-acre plot of land in Dera Mandi village, Delhi, valued at ₹79 crore. The Hindustan Times reports that he also owns several luxury cars, including a Ferrari Roma worth ₹4.76 crore, a Porsche 911 Turbo worth ₹3.35 crore, and a Lamborghini Urus worth ₹4.18 crore.

Struggle of Deepinder Goyal

Deepinder’s first challenge came from his family, who were hesitant to leave his stable job and join the startup life. His wife, Kanchan Joshi, whom he met at IIT, was initially unsure but eventually fully supported his new path. After setting up the startup in major cities, Deepinder Goyal hired Gunjan Patidar, another IIT graduate, to help with operations. Running FoodieBay.com was tough because the concept was new and unfamiliar at the time, so challenges were inevitable. The first two years went smoothly, but as more restaurants and pubs joined Zomato, scaling the business became harder. They also faced financial struggles and had trouble securing funding.

Career Journey

Deepinder Goyal changed the food delivery industry in India with his idea. He came up with the idea for Zomato while working at Bain. He often noticed his colleagues struggling to order food from restaurants. This made him realize there was a need for an online platform that provided detailed information about restaurants. In 2008, Deepinder Goyal launched Foodiebay.com with his colleague Pankaj Chaddah. In 2010, the website changed its name to Zomato.com. The company quickly became well-known and raised its first funding of $1 million from Indo Edge.

• He grew up in a simple, middle-class family in Muktsar, Punjab.
• When Deepinder Goyal was in class 6th, his exam results were poor and almost caused him to fail. However, at his father’s request, the school principal moved him to the next grade.
• When Deepinder Goyal was in class 8, a teacher gave him a solved answer sheet to help him with his first semester exams. This helped him achieve third place in his class for the first time. Encouraged by the praise from his teachers and parents, Deepinder decided to do well in all his exams from then on.
• As the next class exams approached, Deepinder Goyal tried to get the question papers early, hoping it would help him do better. When he couldn’t get them, he realized that shortcuts wouldn’t work. Instead, he spent a whole day studying hard right before the exam.
• For the next two years, his academic performance continued to improve. Later, his parents decided to send him to Chandigarh for his eleventh and twelfth-class studies, where he joined DAV College as a science student. However, during this time, he faced another setback and failed in his eleventh class.
• While studying at IIT Delhi, Deepinder met Kanchan, who was also a student there. He quickly developed strong feelings for her.
• After finishing his degree in 2005, Goyal started a delivery company called Foodlet. Unfortunately, the company didn’t succeed.
• In January 2006, Deepinder Goyal started working at Bain and Company, a business consulting firm in Gurgaon, Haryana, as an Associate Consultant. Although he thought he would stay for just a year, he ended up working there for about three years.

The Idea of Zomato

While working at Bain and Company, Deepinder Goyal noticed that his colleagues often needed menu cards, which gave him the idea for Zomato. Towards the end of his time at Bain, he decided to focus more on his startup by taking a lower salary and reducing his work with the consultancy.

• In July 2008, Deepinder Goyal, along with his colleague Pankaj Chaddah from Bain and Company, started a restaurant listing and review website called Foodiebay, which later became Zomato. Deepinder Goyal officially left Bain and Company in November 2009.
• In 2010, Zomato received its first investment from Sanjeev Bikhchandani of InfoEdge. In the beginning, Zomato focused mainly on advertising, letting restaurants promote their brands on the platform.
• In 2015, Zomato added food ordering services to its platform. After that, the company focused more on improving its B2B technology to strengthen its transaction-based operations.
• In January 2020, Zomato successfully bought Uber Eats India using stocks, and as a result, Uber became a 9.99% owner of Zomato.
• In July 2023, Zomato reached an important milestone by making a profit for the first time since it started in 2008. On August 3, the company announced a net profit of ₹2 crore for the first quarter of the 2022-2023 financial year.
• Zomato operates in over 24 countries, including places like the UAE, Sri Lanka, Qatar, the UK, and Indonesia.
• Until March 2023, Deepinder Goyal was on the board of Urban Company. However, after Blinkit, a company he bought for $568 million in August 2022, expanded into the home services sector, Deepinder stepped down from his role at Urban Company.

Deepinder Goyal- An Inspiration

Deepinder Goyal has shown how to grow a business by leading by example. Working 24 hours a day is never easy, especially when there’s pressure from family after leaving a stable job. Under his leadership, Zomato has won several awards, mainly for being the users’ choice, which shows how satisfied customers are. At the age of 31, Deepinder Goyal, the founder of Zomato, won the Economic Times Startup of the Year. Rising from difficult times to transforming an entire industry is no small achievement. That’s exactly what Deepinder Goyal has done. For many millennials, life without Zomato is hard to imagine—Deepinder Goyal has taken his business to great heights!

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