Zomato’s Founder Deepinder Goyal Net Worth: Bio, Career, Personal Life and More

Deepinder Goyal stands tall as a celebrated Indian entrepreneur, notably recognized for co-founding Zomato, a leading food delivery application. Despite lacking a notable academic background, Goyal has carved a niche for himself in the entrepreneurial landscape, making significant strides in the tech industry. This article delves into the remarkable journey of Deepinder Goyal, shedding light on his net worth and the path that led him to become one of India’s most successful entrepreneurs.

The Net Worth of Deepinder Goyal

As of 2024, Deepinder Goyal boasts an estimated net worth of INR 2570 crores (approximately $300 million). Despite fluctuations over the years, Goyal’s financial stature has been noteworthy. In 2021, his net worth stood at INR 650 million, showcasing a commendable rise in wealth over time. While his initial earnings reflected a substantial salary of INR 3 crore, it decreased to INR 1.96 crore in FY21. Notably, in 2021, Goyal announced his decision to forgo a salary for 36 months, emphasizing his commitment to the company’s growth over personal gain.

Deepinder Goyal: Overcoming Academic Hurdles

Deepinder Goyal’s journey to success was not devoid of challenges, particularly in his academic endeavors. Recalling his childhood, Goyal reminisces about his struggles as a student, describing himself as a poor performer who often found himself at the bottom of his class. “I was a terrible student in school and used to be at the bottom of the class. And I used to fail,” he candidly admits. However, Goyal’s perspective on academics underwent a transformation post his 8th standard, marking a turning point in his life trajectory.

Driven by a newfound dedication to his studies, Goyal embarked on a path of academic excellence, eventually culminating in his admission to the prestigious Indian Institutes of Technology (IITs). It was during his tenure at IIT Delhi that Goyal’s entrepreneurial spirit began to flourish, laying the foundation for his future endeavors.

Career Trajectory: From Failure to Phenomenon

Following his graduation from IIT Delhi, Goyal ventured into entrepreneurship, launching a food startup in 2005. Despite his innovative approach, the venture failed to gain traction, highlighting the challenges inherent in early-stage entrepreneurship. Undeterred by this setback, Goyal joined Bain & Company, where he honed his skills in business consulting for three years before embarking on his next entrepreneurial pursuit.

In 2008, Goyal, along with his colleague Pankaj Chaddah, founded FoodieBay, a platform aimed at revolutionizing the restaurant industry. Renamed Zomato in 2010, the platform evolved into a pioneering force in the food delivery sector, garnering widespread acclaim and achieving a valuation of $12 billion by 2021.

Personal Life and Beyond: Deepinder Goyal’s Legacy

Beyond his professional achievements, Deepinder Goyal’s personal life reflects a blend of love, family, and passion. His marriage to Kanchan Joshi, a mathematics professor, symbolizes a union grounded in mutual respect and admiration. Reflecting on their journey, Goyal fondly recalls the pursuit of Joshi’s affection, underscoring the role of love in his life’s narrative.

In addition to his familial commitments, Goyal’s penchant for luxury cars reflects his success and affluence. His impressive car collection, which includes coveted models such as the Ferrari Roma, Lamborghini Urus, and Porsche Carrera S, underscores his taste for extravagance and opulence.

Lesser-Known Facets of Deepinder Goyal

Originating from a small town in Punjab, Deepinder Goyal showed little interest in academics during his early years. In an interview, he admitted to being a lackadaisical student, sharing an anecdote about his father having to advocate for his promotion to the fifth grade.

Upon relocating to Chandigarh to prepare for the Joint Entrance Examination (JEE), Deepinder became more engrossed in leisure activities. Despite initially considering postponing the exam, he decided to take it that year. Remarkably, he dedicated himself to intense preparation, completing it within two months and achieving remarkable success by securing admission to IIT Delhi.

Albinder Dhindsa, the founder of Blinkit, formerly Grofers, was a classmate of Deepinder during their JEE preparation days, highlighting their enduring connection and shared journey.

In a candid media interaction, Deepinder revealed his struggles with an inferiority complex and depression during his college years, shedding light on the personal challenges he overcame on his path to success.

Affectionately referred to as “Deepi” by those close to him, Deepinder is known for his fondness for creativity. He often showcases his artistic side by crafting posters, which he proudly displays on Instagram. Notably, these self-made posters adorn the reception area of Zomato’s office, reflecting his personal touch and creative flair.