Zomato's Deepinder Goyal Joins Billionaire Club Amid Stock Surge
On Monday, Zomato's market capitalisation touched Rs 2 trillion, achieving this after the stock price reached a new peak of Rs 230, media reports confirm
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Deepinder Goyal, the founder and CEO of Zomato, has joined the billionaire club, driven by a significant rally in the company's stock over the past few months, according to media reports.
The company’s stock has surged over 300 percent from its low of Rs 73 in July 2023. On the Bombay Stock Exchange (BSE), Zomato’s stock hit a new peak of Rs 230 on Monday, gaining up to 2 percent in a single day, boosting its market capitalisation beyond Rs 1.8 trillion, media reports state.
This stock surge has elevated Goyal, aged 41, to the position of India's wealthiest professional manager, with his net worth now exceeding Rs 8,300 crore. Goyal holds 36.95 crore shares, representing a 4.24 percent stake in Zomato, as per the reports.
The milestone comes days after Zomato and Swiggy increased their platform fees to Rs 6 in key markets like Bengaluru and Delhi, marking a 20 percent rise from the previous Rs 5 fee, according to the media reports.
On Monday, Zomato's market capitalisation touched Rs 2 trillion, achieving this after the stock price reached a new peak of Rs 230, media reports confirm.
