Zomato founder - Deepinder Goyal, the ultra-rich startup entrepreneur after IPO debut. Food Delivery and Restaurant aggregator startup/company Zomato’s debut at the stock market with a 66% jump in the share price pushed the fortune of company’s founder Deepinder Goyal close to the $1 billion marks. According to a Bloomberg report, Goyal is worth $650 million based on his current 4.7% stake in Zomato which would double if he chooses to exercise his 368 million options vested over the next six years. Zomato According to Wikipedia Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Pankaj Chaddah and Deepinder Goyal in 2008. Zomato provides information, menus, and user reviews of restaurants as well as food delivery options from partner restaurants in select cities. As of 2019, the service is available in 24 countries and in more than 10,000 cities. https://www.zomato.com/
Zomato IPO crosses Rs 1,00,000-crore mark on listing day
The food delivery startup Zomato listing its IPO and it crosses the Rs 1,00,000-crore mark on listing day. The listing was in line with analysts' expectations despite rich valuations. Zomato marks one of the first listings in the food delivery segment in India and a good start for the tech-based startup universe.Zomato debuted in the Indian market with a strong listing gain of more than 50 percent. The stock price has further jumped to 138 after a strong listing, making a debut to a club of one lac crore of market cap.
This signifies a strong risk appetite for the new and next-generation business models. The listing performance will provide a positive signal to the Indian start-up ecosystem.
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