Deepinder Goyal Net Worth
According to the corporate shareholdings report for December 31, 2022, Deepinder Goyal has 1 stocks that are available to the public and are worth more than Rs. 1,923.1 Cr.
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CEO Goyal also owns more than 368 million stock options that will become valid over the next six years. Info Edge invested INR 4.7 crores in the company, and at the current stock price, Info Edge has made more than a thousand times its money.
Zomato’s market cap reached a high of $13.3 billion (or INR 1 lakh crore) on its first day on the stock market.
Deepinder Goyal Age, Salary, Education, Life, Career And More
Zomato, a big company that brings together restaurants and delivers food, had a great first day on the stock market. The share price went up by 66%, bringing cofounder and CEO Deepinder Goyal close to the prestigious billionaires’ club. Goyal’s 4.7% stake in Zomato is worth about $650 million, and the CEO also owns more than 368 million stock options that will become worthless over the next six years. When he exercises them, these shares will double his stake in the company, bringing his net worth to well over $1 billion at the current stock price.
First day on the stock market
On its first day on the stock market, Zomato hit a market cap high of $13.3 Bn, which is equal to INR 1 Lakh Cr. Analysts were expecting a price premium of 25–30%, so the price premium was much higher than that. In a letter to stakeholders before the official listing, Goyal said, “We are going to keep our eyes on the next 10 years and beyond. We are not going to change our course for short-term profits if it means hurting the company’s long-term success.”
“The huge response to our IPO gives us confidence that there are investors all over the world who understand the size of the investments we are making and look at our business in the long term,” he said.
InfoEdge, which was one of the first investors in the company, is also likely to get a huge return on the money it put into the foodtech company. Sanjeev Bikhchandani, the founder of InfoEdge, said that InfoEdge had put INR 4.7 Cr into the company. At the current stock price, InfoEdge has made more than 1,000 times its money back. “Congratulations and well done, Deepinder and the Zomato team. It takes time to make something great. Thank you for making us look like good investors.”
But Professor Aswath Damodaran, a finance professor at New York University who is known as “Wall Street’s dean of valuation,” says that this is not the case. In a blog post that came out before the Zomato listing, they warned people to be careful. Damodaran’s calculations show that the stock price of the company shouldn’t be more than INR 41, even if Zomato is the market leader in India’s food delivery market with a 40% market share.
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Source: Google Trend