Born on January 26, 1983, in Muktsar, Punjab, Deepinder Goyal hails from a modest background. His parents were educators, instilling in him a strong value for learning. He completed his schooling at DAV College, Chandigarh, before pursuing a Bachelor’s degree in Mathematics and Computing from the Indian Institute of Technology (IIT) Delhi, graduating in 2005. Post-graduation, he worked as a Senior Associate at Bain & Company, a global management consulting firm.
Deepinder Goyal Net Worth
As of 2025, Deepinder Goyal’s net worth is estimated to be approximately $1.9 billion USD (₹15,820 crore). His wealth primarily stems from his stake in Zomato, where he holds a significant share. Additionally, he has made investments in various startups and ventures, further contributing to his financial portfolio.
Personal Life and Lifestyle
Deepinder Goyal is known for his reclusive nature and preference for privacy. In 2022, he married Kanchan Joshi, a fellow IIT Delhi alumnus. The couple resides in a luxurious 10,813 sq ft apartment at The Camellias in Gurugram, valued at ₹52.3 crore (approximately $6.3 million USD). The residence boasts five parking spaces, panoramic views, and high-end amenities, reflecting Goyal’s success and lifestyle.
Founding Zomato
In 2008, Goyal co-founded Zomato (originally named Foodiebay) alongside Pankaj Chaddah. The platform began as an online restaurant discovery service, providing menus, reviews, and ratings. Over time, Zomato expanded its services to include online food delivery, table reservations, and more. By 2015, food delivery became its core business, and the company has since grown to operate in over 800 cities across India and internationally. Wikipedia
Zomato’s Financial Overview
- Revenue: In FY 2024-25, Zomato reported a revenue of ₹21,320 crore (approximately $2.38 billion USD).
- Profit: The company achieved a profit of ₹527 crore (approximately $65 million USD) during the same period.
- Market Capitalization: As of 2025, Zomato’s market value is estimated at ₹2,35,957 crore (approximately $30 billion USD).
Acquisition of Blinkit
In June 2022, Zomato acquired Blinkit, a 10-minute grocery delivery startup, in an all-stock deal valued at $568 million. This strategic acquisition allowed Zomato to diversify its offerings and enter the quick commerce space, providing customers with rapid delivery of groceries and daily essentials.
Blinkit’s Financial Performance
- Revenue: In FY 2024-25, Blinkit reported a revenue of ₹17.09 billion (approximately $205 million USD).
- Losses: Despite the revenue growth, Blinkit’s adjusted core loss widened to ₹1.78 billion (approximately $21 million USD) during the same period.
Eternal Ltd: The Umbrella Company
In February 2025, Zomato Ltd rebranded to Eternal Ltd, reflecting its expanded business portfolio beyond food delivery. This strategic move was driven by the growing significance of Blinkit, a quick-commerce platform, within the company’s operations. Eternal now encompasses several key subsidiaries:
- Zomato: The flagship food delivery platform.
- Blinkit: A quick-commerce service delivering groceries and essentials in minutes.
- District: An events, ticketing, and entertainment platform.
- Hyperpure: A B2B supplier providing fresh and high-quality ingredients to restaurants.
- Feeding India: A nonprofit organization focused on alleviating hunger and food wastage.
- Continue Research: A scientific venture exploring human longevity and aging.
- Temple: A new venture under Eternal (specific details not publicly disclosed yet).
- LAT Aerospace: An aviation startup developing compact, short take-off and landing aircraft and lightweight gas turbine engines.
Competitors in the Market
Zomato faces competition from various players in the food delivery and quick commerce sectors:
- Swiggy: A major competitor in the food delivery space, Swiggy also operates Instamart, its quick commerce arm. In Q3 FY 2025, Swiggy reported a 31% increase in revenue, reaching ₹39.93 billion (approximately $480 million USD), driven by the expansion of Instamart.
- Zepto: A startup specializing in 10-minute grocery deliveries, Zepto competes directly with Blinkit. The company has been expanding rapidly and is considered a significant player in the quick commerce industry.
- BigBasket and JioMart: Both are established grocery delivery services that pose competition to Blinkit in the online grocery segment.