When it comes to online food delivery applications, Zomato is the top choice for most people. The brand has garnered the reputation of being one of the most trusted food delivery applications. The idea of ordering food online through an application is certainly intriguing, and the man who made this idea into a brand worth millions is Deepinder Goyal. After cementing his place in the Shark Tank India Season 3 Judge, Deepinder Goyal has caught a lot of eyeballs.
People want to know about this newest shark who hails from a middle-class family and has managed to establish a revolutionary brand that millions of consumers use daily. Deepinder Goyal’s journey embodies the belief of starting from scratch and tasting glory. So, we will cover all the details of his life today. We will discuss his early beginnings, career breakthroughs, brand establishment, net worth, personal life, and more.
Hence, if you want to learn about Deepinder Goyal Shark Tank Judge in detail, then check out this article from beginning to end.
Early Life of Deepinder Goyal
Deepinder Goyal was born in the small town of Muktsar, Punjab. While growing up, the school life for Deepinder turned out to be a bumpy ride. He was not one of the sharpest kids, which was reflected in his scorecards in school. Up until 8th grade, even passing the exam was a tough ask for Deepinder. However, despite having a poor academic record in school days, Deepinder astonishingly cleared the Joint Entrance Examination to get enrolled into the Indian Institute of Technology, Delhi.
While Deepinder joined the IIT, destiny had planned something else for him. He completed his graduation in 2005 and got fascinated by the idea of starting a company. Consequently, he began a delivery startup called Foodlet. However, the odds were not in favour of Deepinder just yet, and it had to be closed soon after. Little did he know, life had planned something even more stupendous for him.
Inspiration for the Idea of Zomato
Once his startup halted abruptly, Deepinder took it as a wake-up call to do something else with his life. So, he went on to start a job at Bain and Company in 2006. Deepinder joined the organization as an Associate Consultant. Initially, Deepinder intended to stay in the company for about a year. However, the circumstances led to work there for almost three years. Deepinder was doing his work with full dedication to what his designation demanded.
While working in the company, he encountered a strange habit of the people there. He closely observed how much people demanded a menu to order food items. This seemingly significant demand for a menu fascinated Deepinder, and it wasn’t too long until he came up with the idea of Zomato. The idea went on to develop into something marvellous later on.
Establishment of Zomato by Deepinder Goyal
After getting the idea for Zomato, Deepinder opted for a reduction in his salary and lessened his responsibilities to focus on the startup fully. He roped in a colleague from his company, Pankaj Chaddah, and they both began a portal called Foodiebay, now called Zomato. Deepinder resigned from the company in 2009 to focus entirely on building his business.
With backing from the Sanjeev Bikhchandani of InfoEdge, Zomato started flourishing in 2010. At this time, it was essentially developed only to list restaurants. The restaurants registered with it only for the sake of promoting their brand. It was in 2015 when Deepinder decided that he wanted to expand the application to let people order food directly through it.
This decision worked wonders, and Zomato established itself as the quintessential food delivery app trusted by people from 24 countries, including Sri Lanka, Qatar, Indonesia, the UK and the UAE. In 2020, it was reported that Zomato had acquired all Uber Eats stocks, giving it 9.99% ownership. With Zomato, Deepinder reigns supreme in the landscape of food business operators, with all of his competition lying beneath him.
Deepinder Goyal’s Compassionate Demeanour
Besides being a super-successful entrepreneur, Deepinder Goyal is known for his compassionate demeanour. Recently, in August 2023, Deepinder distributed food and friendship bands to all delivery partners, restaurant partners and regular customers of Zomato, illustrating how much he cares for the people who work for him and his customers. Another instance of his humble nature was New Year’s Eve in 2022, when he stepped into the boots of a delivery boy of his own company and delivered food orders to customers.
All these instances prove that Deepinder hasn’t forgotten his roots and is always compassionate towards the people who work for him.
Deepinder Goyal’s Net Worth
The Net Worth of Deepinder Goyhal is unsurprisingly astonishing. As of 2021, 2200 Crores INR was recorded at his net worth from various sources. Besides being the CEO and founder of Zomato, Deepinder’s investment portfolio has approximately 16 startups whose profits contribute to his worth. He is involved with brands like Unacademy and Chefkart, frequently providing fruitful results.
Personal Life of Deepinder Goyal
While Deepinder Goyal has not revealed a lot of details about his personal life, he is reported to have a wife named Kanchan Johi, who is a Mathematics Professor at Delhi University. The couple also has a daughter named Siara Goyal, who was born in 2013. Other than this, Deepinder’s Mother is an English Teacher by profession, while his father is a Botany Teacher. He also has an elder brother whose information has not been disclosed. Hence, outside the stressful corporate world, Deepinder has his family by his side to give him much-needed solace.
Anticipation for Deepinder Goyal in Shark Tank India Season 3
Deepinder Goyal is all set to join the team of sharks in Shark Tank India Season 3. Considering his expertise and investment portfolio, everyone will look forward to seeing how his deals fare in the show. We will have to wait until 22 January 2024, but one thing is for sure: Deepinder Goyal will not fail to captivate the audience with his business wisdom and attention-grabbing persona.