Brief by Shorts91 Newsdesk / 12:57pm on 15 Jul 2024,Monday Business
Zomato’s Founder and CEO, Deepinder Goyal, has joined the billionaire club after a 300% surge in Zomato’s stock since July 2023. The stock reached a new high of Rs 230, driven by the expected success of its quick commerce business, Blinkit. Goyal, now India's wealthiest professional manager, holds a 4.24% stake in the company, with a net worth exceeding Rs 8,300 crore. Blinkit’s valuation surged to $13 billion, further boosting investor confidence.
