Zomato CEO Deepinder Goyal is India's newest billionaire: Check out his net worth and lavish lifestyle
Deepinder Goyal, Zomato's passionate founder and CEO, has officially joined the exclusive billionaire club. His amazing rise from a middle-class upbringing to become one of India's richest professional managers is a landmark to his vision and dedication. Goyal's net worth surpassed Rs 8,300 crore as Zomato shares skyrocketed over 300% since July 2023. This incredible performance not only demonstrates his outstanding leadership but also Zomato's immense growth potential, particularly through its quick commerce firm, Blinkit. Let's look at Deepinder Goyal's interesting journey to billionaire status, his net worth, and his lavish lifestyle.
Zomato Shares Hit Record High
Zomato shares have been on a steady rise, recently setting a new record of Rs 230 on the BSE. The stock gained as much as 2% in a day, pushing the market cap past Rs 1.8 trillion. This impressive performance is driven by strong investor confidence in Zomato¡¯s quick commerce business, Blinkit.
Blinkit: The Growth Driver
Zomato's Blinkit quick commerce business has been a significant growth driver. Competing with Swiggy Instamart and Zepto, Blinkit has outperformed its peers and is expected to turn profitable sooner than anticipated. The company has projected that Blinkit might achieve EBITDA break-even by the first quarter of fiscal 2025. As Blinkit continues to grow, it is poised to surpass Zomato¡¯s food delivery business in terms of gross order value (GOV).
Future Investments and Growth
Analysts expect Zomato to prioritize growth investments over immediate profitability to capitalize on untapped market opportunities. This strategy will likely lead to Blinkit¡¯s sustained growth, with an anticipated increase in investments post-EBITDA break-even. Goldman Sachs predicts Blinkit¡¯s GOV will grow at a 53% CAGR from FY2024-27, potentially surpassing Zomato¡¯s food delivery business by FY29.
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Deepinder Goyal¡¯s Lavish Lifestyle
Deepinder Goyal¡¯s journey from a middle-class background to becoming a billionaire is inspiring. An IIT Delhi graduate, Goyal co-founded Zomato (originally FoodieBay.com) while working at Bain & Company. His passion for food and vision for convenient meal ordering propelled Zomato to success, making it a unicorn in 2018.
Deepinder Goyal's Properties and Luxury Cars collection
Goyal¡¯s success is reflected in his lavish lifestyle. He owns a 5-acre property in Delhi¡¯s Dera Mandi village, valued at Rs 79 crore. His collection of high-end cars includes a Ferrari Roma worth Rs 4.76 crore, a Porsche 911 Turbo worth Rs 3.35 crore, and a Lamborghini Urus worth Rs 4.18 crore.?Deepinder Goyal recently became the proud owner of the Rs 4.59 crore, Aston Martin DB12. These assets highlight the luxurious lifestyle that Deepinder Goyal enjoys as a billionaire.
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