An Indian businessman is named Deepinder Goyal. He gained notoriety in 2018 as one of the numerous founders of the food supply company Zomato. He is Zomato’s chief product officer as well as chief government officer. Both Pankaj Chaddah and Deepinder, the co-founder of Zomato, attended IIT Delhi. But they didn’t get together until after they started Zomato (formerly known as Foodiebay) and were employed in Delhi as marketing consultants at Bain & Co.
Deepinder Goyal wiki
|Entrepreneur, CEO of Zemato
|Date of birth
|26 January 1983 (Wednesday)
|5 feet 9 inch
|Muktsar, Punjab, India
|DAV College, Chandigarh
|Indian Institute of Technology, Delhi
|Father: Harbans Lal Goyal
Mother: not know
Deepinder Goyal career
Deepinder Goyal began working as an Associate Consultant at Gurgaon, Haryana-based Bain and Company, a business management consulting firm, in January 2006. He worked there for about three years, even though at first he only intended to stay for a year or so. During his time at Bain and Company, Deepinder noticed that his coworkers were in high demand for menu cards. That’s when 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 process of reviving his startup.
Foodiebay, a restaurant listing and recommendation portal that Deepinder founded in July 2008 with his colleague Pankaj Chaddah from Bain and Company, eventually became Zomato.
In November 2009, he left his position at Bain and Company. In 2010, Sanjeev Bikhchandani of InfoEdge gave Zomato its first investor cheque. When Zomato first started, its main strategy was advertising-focused, with restaurants using the platform to promote their brands.
Zomato added meal ordering capabilities to its platform later in 2015. The company then focused on improving its B2B technology solutions to increase its transaction-driven operations. Zomato completed the all-stock acquisition of Uber Eats India in January 2020. As a consequence of this deal, Uber now owns 9.99% of Zomato.
Zomato reported its first profitable quarter in July 2023, which is the first time the company has turned a profit since it was founded in 2008. More specifically, on August 3, the business declared a ₹2 crore net profit for the first quarter of the fiscal year 2022–2023.
Zomato is available in more than 24 countries, including the UAE, Sri Lanka, Qatar, UK, and Indonesia, in addition to India. Deepinder has disclosed his investment in sixteen startups, such as Unacademy and ChefKart. He served on the board of Urban Company until March 2023.
However, Deepinder left his position at Urban Company when Blinkit, a business he bought for $568 million in August 2022, entered the home services market. Since June 7, 2021, Goyal has also been designated as a partner at First Lap LLP.
Deepinder Goyal wife
While attending IIT Delhi, Deepinder Goyal met Kanchan Joshi, with whom he is now married. Goyal’s wife Joshi used to meet with her while pursuing her MSc in mathematics in the labs. Siara is their adorable little child.
Deepinder Goyal net worth
Zomato’s founder, Deepinder Goyal, has an impressive net worth of three thousand crores. His business situation has greatly benefited from his establishment and growth of the online meal delivery business.
Deepinder Goyal family
He comes from a modest, middle-class family in Punjab’s Muktsar.
Harbans Lal Goyal is the name of Deepinder Goyal’s father. His parents were both employed as teachers. His mother taught English, while his father taught botany. He has an older brother.
Facts About Deepinder Goyal
- Indian businessman Deepinder Goyal is well-known for founding and leading Zomato, a restaurant aggregator and food delivery service.
- His family was modest and middle-class, and they lived in Muktsar, Punjab.
- He performed academically below average during his school years, struggling to pass his classes up to the eighth grade.
- It is said that during his sixth-grade year, he had poor test scores that almost caused him to fail. But the school principal moved him up to the next grade at his father’s request.
- Deepinder’s breakthrough came during his eighth-grade studies when a teacher offered him a solved answer sheet to help with the first semester exams. As a result, Deepinder placed third in his class for the first time. Encouraged by the praise he received from his parents and teachers, Deepinder committed to doing well on every test. During an interview, Deepinder mentioned the same thing and stated,
- I received all of the answers from a teacher for the final exam of class VIII. And I won. It made me feel insecure. Once at the top, you don’t want to drop back to number twenty-five. I began to take myself seriously.
- In an attempt to improve her scores, Deepinder tried to get hold of the question papers ahead of time as the semester exam approached. But he was unable to accomplish that. Knowing that taking shortcuts would not help her succeed, Deepinder spent a full day studying diligently the day before the test. As a result, he placed fifth in the second semester, which was a turning point in his life. During an interview, Deepinder discussed the same thing and stated,
- That’s what offered me some hope that I could accomplish my goals. Since then, life has been a never-ending cycle.
For two years, the improved academic achievement phase persisted. His parents then decided to send him to Chandigarh for his studies in grades eleven and twelve. He enrolled in the science program at DAV College. But it was also during this time that he faced another setback—this time failing his eleventh-grade class. During an interview, Deepinder discussed his failure, stating, “I was the top student out of 25 in Muktsar.” In Chandigarh, I had 500 other kids as good as me. I became discouraged.
- Incredibly, he passed the Indian Institutes of Technology (IIT) Joint Entrance Examination on his first try, despite all the challenges he faced in school. He enrolled in the Indian Institute of Technology, Delhi, to study engineering as a result of this accomplishment.
- While attending IIT Delhi, Deepinder came into contact with Kanchan, another student there. Deepinder’s love for her developed quickly, and he began to feel deeply in love. In an interview, Deepinder revealed that he had been pursuing her for six months.
- In 2005, Goyal founded Foodlet, a delivery startup, following his graduation. Regretfully, the startup did not succeed.
- Deepinder Goyal started working for Bain and Company, a Gurgaon, Haryana-based business management consulting firm, in January 2006, taking on the position of Associate Consultant. He ended up working for the company for about three years, even though at first he thought he would only be there for about a year.
- Zomato was born out of Deepinder’s observation that his colleagues at Bain and Company had a strong need for menu cards. In the last months of his employment at Bain, he decided to take a pay cut and curtail his involvement with the consulting firm to revitalize his startup.
- Foodiebay, a restaurant listing and recommendation portal that eventually became Zomato, was started in July 2008 by Deepinder and Pankaj Chaddah, a colleague from Bain and Company. In November 2009, he formally left his job at Bain and Company.
- Zomato received its first investment in 2010 from InfoEdge’s Sanjeev Bikhchandani. Zomato initially relied mainly on an advertising-centric strategy, letting restaurants use the platform to advertise their brands.
- Later in 2015, Zomato added food ordering services to its platform, broadening its range of services. After making this change, the business turned its attention to enhancing its B2B technology solutions in order to improve its transaction-focused operations.