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Today, We are bringing you the story of one of the top business leaders in India, Deepinder Goyal, The founder of Zomato needs no special introduction. Over 15 years, he transformed Zomato into a billion-dollar company, earning him a net worth of Rs 2023 Crore.
The success of Zomato has gained him many achievements like NDTV Indian of the Year 2015, and The Economic Times Startup of the Year Award 2021.
Food delivery services boomed during the pandemic when all restaurants were closed to the general public. During the pandemic, several new competitors emerged, but Zomato emerged victorious.
Deepinder Goyal will also serve as the judge for Shark Tank India in its Season 3, which will be premiered in January 2024.
Goyal’s Early Life
Deepinder Goyal was born in Muktsar in Punjab. His father was a botany teacher and his mother was an English teacher. He and his brother went to a local school where he completed his schooling. He was not a bright kid and faced many challenges during his academics.
In 2005, Goyal graduated with a degree in engineering and later joined as a business management consultant in Gurgaon’s Bain and Company.
After graduating from IIT Delhi, Deepinder joined Bain and Company as a Senior Associate Consultant in January 2006. During his tenure with Bain, he founded FoodieBay.com, which later became Zomato.com. It was an idea which he got when he saw everyone standing in long queues to place the order.
Story Behind Zomato- India’s Food Delivering Application
The Story of Zomato started in 2008 when Deepinder Goyal co-founded Foodiebay along with Pankaj Chaddha. Initially, it started as an online restaurant discovery guide which later expanded its services to delivering food.
Deepinder noticed that people used to stand in lines to order their food and that food delivery was a very bad process because there was no guarantee of how good the food would be. This is when Deepinder Goyal's success story started when he with his colleague Pankaj Chaddha, started Foodiebay.com, a website that ranks restaurants based on their food and service.
Later in 2010, to avoid any potential naming conflict with eBay, he changed the name of his company to Zomato.
Deepinder Goyal's success trajectory took a transformative turn later that year when Zomato initiated food delivery services in India, partnering with Delhivery. This strategic move attracted the attention of investors, who seized the opportunity to provide essential funding, enabling Deepinder to further expand Zomato's presence and success.
Key Points About Deepinder Goyal
Goyal's entrepreneurial journey commenced in 2008 with the launch of Zomato (initially Foodiebay), inspired by his struggles in finding reliable restaurant information.
Educated at the Indian Institute of Technology (IIT) in Delhi, Goyal holds a degree in Mathematics and Computing, leveraging his tech background and innovation passion to shape his successful career.
In July 2021, Zomato achieved a significant milestone by going public with a successful IPO on the Indian stock market, reflecting investor confidence in its growth potential.
Known for fostering innovation, Goyal implemented technology-driven solutions like AI, machine learning, and data analytics to enhance Zomato's services and user experience.
Guided by Goyal, Zomato evolved into a global food-tech player, expanding beyond India to diverse countries. The company diversified its services to include food delivery, online ordering, table reservations, and reviews.
In 2023, Deepinder Goyal, CEO of Zomato, unveiled his book "CULTure at Zomato: How to Rewire Your Brain for Greatness."
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