Zomato’s rise to the top continues to impress investors, and at the center of this success is the company’s founder and CEO, Deepinder Goyal. In August 2024, Goyal saw his net worth skyrocket as Zomato shares surged nearly 19% to hit an all-time high of ₹278.45 per share. This boost in stock price increased Zomato’s market capitalization to ₹2.46 trillion and added an astounding ₹1,600 crore to Goyal’s personal fortune in just a few hours.
Zomato’s extraordinary performance is attributed to its stellar financial results for the first quarter of the fiscal year 2024-25. The company reported a massive 12,650% year-on-year rise in net profit, reaching ₹253 crore. Revenues from operations surged by 75% year-on-year to ₹4,206 crore, marking a robust recovery and growth trajectory for the online food delivery giant.
Goyal’s shareholding in Zomato stands at approximately 4.19%, translating to 36.9 crore equity shares. With the stock rally, his holdings now amount to over ₹10,288 crore. This growth not only cements Goyal’s position as a billionaire but also highlights the significant strides Zomato has made in the competitive food-tech market.
Goyal’s success is also a win for major investors like Info Edge, the parent company of Naukri.com, which saw its Zomato stake grow to ₹33,265 crore as a result of the stock price surge.
As Zomato continues to innovate and expand, the company’s future looks promising, especially as it diversifies into new business segments and strengthens its core operations.
