BLITZ BUREAU
NEW DELHI: Deepinder Goyal, the founder and CEO of Zomato, has joined the coveted billionaire club, catapulted by a sharp rally in the firm’s stock over the last few months, Moneycontrol reported.The company’s stock has surged over 300 per cent from its low of Rs 73 in July 2023.
On the Bombay Stock Exchange (BSE), Zomato’s stock reached a new peak of Rs 230 on July 15 morning, gaining up to 2 per cent in a single day and pushing its market capitalisation beyond Rs 1.8 trillion.
This 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, the report claimed.
Goyal holds 36.95 crore shares, representing a 4.24 per cent stake in Zomato. This comes days after food delivery majors Zomato and Swiggy increased their platform fees to Rs 6 in key markets like Bengaluru and Delhi. This marks an increase of 20 per cent from the Rs 5 that the two platforms were charging until now in these markets.
Zomato’s market cap hit an intraday high of Rs 2.01 trillion on the BSE, highlighting the significant growth of the food delivery and quick commerce company.
Over the past week, Zomato’s stock price has significantly outperformed the market, surging by 12 per cent compared to a 1 per cent rise in the benchmark index.
