Zomato CEO Deepinder Goyal Becomes Billionaire as Shares Hit Record High of ₹232

Zomato Limited’s Shares Reach All-Time High

Shares of online food delivery platform Zomato Limited reached an all-time high today, Monday (July 15). During trading, the company’s shares increased by 3% to reach a high of ₹232. With this, the value of the stake held by Zomato’s founder and CEO, Deepinder Goyal, has now surpassed $1 billion.

Currently, during trading, Zomato’s shares are trading at ₹226, up by 1.95%. A day earlier, the company announced a 20% increase in platform fees, which is the reason for this rise in the company’s shares.

Goyal’s 36.94 Crore Shares Worth $1 Billion

According to the shareholding pattern of the March quarter, Goyal held 36,94,71,500 shares of Zomato, equivalent to a 4.26% stake in the company. Today, Zomato’s shares reached a high of ₹232 on the BSE, increasing the value of Goyal’s 36.94 crore shares to ₹8,571.74 crore or $1.02 billion.

Zomato Shares Returned 170% in One Year

In the last 5 days, Zomato shares have returned 8.08%, 20.21% in one month, 69.96% in 6 months, and 182.88% in one year. Since January, the company has provided shareholders with a return of 69.96%. Zomato’s market capitalization is ₹1.97 lakh crore.

Zomato Announced Platform Fee of ₹6 Instead of ₹5

A day earlier, on July 14, both Zomato and Swiggy announced a 20% increase in platform charges. Now, customers of both companies will have to pay a platform fee of ₹6 for each order.

Zomato and Swiggy have increased their platform fees for markets like Bangalore and Delhi. This is not the first time both companies have increased platform fees. Three months ago, both companies raised the platform fee to ₹5.

Zomato Started Charging Platform Fees Last Year

Both companies have taken this decision to increase profitability. Zomato and Swiggy started charging platform fees last year. Initially, both companies charged a platform fee of ₹2. Later, they increased it to ₹3 and then ₹4.