After 18 years of running Zomato and its parent Eternal, the company's founder and CEO Deepinder Goyal has announced shocking plans to step down from his role.
The news, which comes as a shock to the industry, marks the end of an era as it was Goyal who founded Zomato and scaled it to India's largest food delivery and reviewing platform, making a massive Blinkit acquisition in its journey to foray into the booming quick commerce industry.
“Today, I am going to step away from the Group CEO role, and subject to shareholders’ approval, will remain on the board of directors as Vice Chairman. Albinder Dhindsa (Albi) will be Eternal's new Group CEO,” he said.
Goyal, the poster boy of India's quick delivery boom, will remain Eternal's vice chairman. He said in a letter to shareholders on Wednesday that he was shifting focus to his other ventures involving “exploration and experimentation beyond the company's core businesses.”
Zomato, one of India's earliest and most successful unicorns, changed India's food delivery landscape and made Deepinder Goyal a billionaire.
Here is everything you need to know about Deepinder Goyal's education, net worth, family and more.
Deepinder Goyal's career and education
Deepinder Goyal cracked IIT-JEE in 2000 and enrolled himself in IIT Delhi. He graduated with a degree in Integrated M.Tech Mathematics and Computing from IIT Delhi.
Following his graduation, Goyal joined Bain and Company as a Senior Associate in 2006 and worked there till 2009, while simultaneously working on establishing and launching Zomato.
In 2009, Deepinder Goyal left the company to pursue a full time role at Zomato, scaling his own business and growing it from scratch. Zomato's IPO in 2021 was oversubscribed 35 times, signifying the craze around the company among investors. In 2022, Zomato acquired Grofers, and renamed it to Blinkit while also changing its model to become a 10-minute delivery service.
Deepinder Goyal net worth and salary
According to Forbes Real Time Billionaires, Deepinder Goyal has a net worth of $1.6 billion.
According to stock exchange filing, the Zomato founder has decided to forego his annual salary of ₹3.5 crore until the end of FY26, meaning he did not draw any salary for the past four years.
Deepinder Goyal's family
Not much is known about Deepinder Goyal's parents or if he has siblings.
The Zomato founder first married his IIT Delhi batchmate Kanchan Joshi but got divorced after a few years. He is now married to Mexican entrepreneur Grecia Munoz (also known as Gia Goyal).
