Deepinder Goyal, born on 26 January 1983, is the co-founder and CEO of Zomato, an outstanding restaurant chain and food transport service in India. Zomato’s presence extends to over 24 international locations, such as the UAE, Sri Lanka, Qatar, the UK, Indonesia, etc, encompassing more than 10,000 international cities. Alongside Pankaj Chaddah, Goyal installed Zomato (originally named Foodiebay) in 2008, marking the inception of a world culinary phenomenon.
Step into the sector of Deepinder Goyal, the exquisite mind who created Zomato. From his humble beginnings to his groundbreaking achievements, we’ll uncover the story of this entrepreneur. Learn about his journey from studying maths to founding a global food-tech massive. With Zomato, he changed how we find and experience food.
Join us as we explore Deepinder Goyal’s life and works. His imaginative prescient and ardour have left an indelible mark on how we dine and connect with the restaurant world.
Who is Deepinder Goyal?
Deepinder Goyal was born in Muktsar in 1983. He is the co-founder and CEO of one among the biggest restaurant chains and food transport groups in India. Apparently, he wasn’t the brightest returned in faculty days, in truth, he was an undergraduate who struggled to get his training. After nearly failing in class 6, one of the teachers came up with a solved answer sheet.
Although he topped the class, Deepinder said that it gave him a fake sense of self-assurance which didn’t feel right so he had difficulty by himself. He efficiently managed to clear the Indian Institutes of Technology (IIT) Joint Entrance Examination on his first attempt to complete his Engineering from IIT, Delhi.
| Name | DEEPINDER GOYAL |
| Born | 26 January, 1983 |
| Birthplace | Punjab, India |
| Education | Indian Institute Of Technology, Delhi |
| Wife | Kanchan Joshi (Professor) |
| Position | Co-founder and CEO of Zomato |
| Net Worth 2024 | $243 Million (₹2,030 Crores) |
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Early Life and Education
Hailing from Muktsar, Punjab, Deepinder Goyal’s upbringing emphasised modesty and hard work. He studied for a diploma in Mathematics and Computing at the Indian Institute of Technology (IIT) Delhi, in which his ardour for entrepreneurship was ignited.
Deepinder Goyal Family
Deepender Goyal grew up in a middle-class family. Deepender Goyal’s father’s name is Harbans Lal Goyal. His mother and father were teachers and he was of a completely warm nature.
If we talk about Deepinder’s wife, her name is Kanchan Joshi, who he met at some level in his university days whilst Deepinder was reading at IIT Delhi.
| Father Name | Harbans Lal Goyal |
| Mother Name | Not available |
| Parent Occupation | Teacher |
Deepinder’s IIT Dream
At the Chandigarh Institute for IIT practice, the competition was tough. He continuously improves himself and shines his skills. His time at IIT Delhi wasn’t just about teachers, it was wherein the entrepreneurial spark started out. Witnessing long lines for food orders, he expected a more accessible way to eat, an idea that was Zomato.
Deepinder Goyal career
Deepinder Goyal started working as a Partner Consultant at Gurgaon, Haryana-based Bain and Company, a business control consulting company, in January 2006. He worked there for 3 years, even though at first he best meant to stay for a year or so. During his time at Bain and Company, Deepinder noticed that his coworkers were in high demand for the menu. That’s whilst it dawned on him to launch Zomato. Towards the end of his tenure at Bain, he took a pay cut and streamlined his involvement with the consultancy to start the method of reviving his startup.
Foodiebay, a restaurant listing and advice portal that Deepinder founded in July 2008 with his colleague Pankaj Chaddah from Bain and Company, in the end have become Zomato.
In November 2009, he left his role at Bain and Company. In 2010, Sanjeev Bikhchandani of InfoEdge gave Zomato its first investor cheque. When Zomato first began, its main approach was marketing, with restaurants the use of platforms to promote their manufacturers.
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Rise of Foodiebay (Now Zomato)
Deepinder co-based his personal business enterprise with “Mr. Pankaj Chaddah.” Pankaj Chaddah is an IIT Delhi graduate and used to work at Bain and Company with Deepinder as an analyst.
So, in 2008 they launched their company with a preliminary name “FoodLet“. In the short time, FoodLet has become “Foodiebay” and also the quickest online mobile restaurant delivery service. Initially, the organisation was based on the simple concept of providing scanned menus to their customers on their respective phones or the website.
They extensively utilised to provide touch numbers of the restaurants in order to enable the clients to order food over the phone. In this time span of thirteen years, the agency has effectively fixed its roots as India’s biggest online and restaurant service, The enterprise now has over a million restaurants or café listings across 800 towns in 25 countries in total, having more than 90 million monthly visits on a daily basis.
Personal and Professional Achievements
Deepinder Goyal has obtained several awards and popularity for his entrepreneurial journey and achievements. Some of them are
- Forbes India 30 Under 30 (2013)
- Fortune India 40 Under 40 (2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021)
- Economic Times Startup Awards – Entrepreneur of the Year (2017)
- Entrepreneur India Awards – Entrepreneur of the Year in Service Business – Food and Beverages (2017)
- GQ India 50 Most Influential Young Indians (2017, 2018, 2019)
- Hurun India Rich List – Self-Made Under forty (2019, 2020, 2021)
- Business Today Most Powerful CEOs in India (2020, 2021)
- CNBC TV18 Young Turks of the Year (2020)
- Business Standard CEO of the Year (2020)
- ET Prime Startup Awards – Startup of the Year (2021)
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Net Worth of Deepinder Goyal
The Zomato’s co-founder has seen a surge in his net worth, now stated to be Rs 2,570 crore, as per reports.
Holding a 5.5 percent stake in Zomato, Goyal’s entrepreneurial ventures extend beyond the food transport chain. He has also invested in numerous startups consisting of Bira 91, HyperTrack, TerraDo, and SquadStrack. Additionally, there are reports of Goyal’s ownership of a 5-acre land in Delhi’s Dera Mandi village worth Rs 79 crore. Beyond Zomato, Goyal is the founder and CEO of Blinkit, a quick-trade platform.
Deepinder Goyal investments
Reportedly, Deepinder Goyal has investments in 16 startups which include ChefKart and Unacademy. Goyal is also said to have invested in SquadStack, Bira 91, HyperTrack, and TerraDo. He also held the position of a board member in Urban Company until March
2023. Zomato being the parent agency of Blinkit, Deepinder had to step down from his function at Urban Company while Blinkit ventured into the house services region. Since 2021, Goyal has been a designated partner at First Lap LLP.
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Conclusion
Deepinder Goyal’s journey from a small-town upbringing to worldwide entrepreneurship shows the transformative power of determination and strategic vision. His legacy as a pioneering leader inspires the marketers world, demonstrating that with perseverance and innovation, success knows no bounds.
