look news india
Food delivery startup Zomato is in the news today for not one but three reasons. The biggest reason is that the company's founder and CEO Deepinder Goyal has now joined the billionaire club. Due to a sharp rise in Zomato's stock on Monday, the value of his stake in the company suddenly increased to more than $1 billion. Zomato's shares rose by 3 percent on the first day of the week amid the boom in the market.
Zomato CEO's net worth rises to $1.4 billion
Zomato founder and CEO Deepinder Goyal's stake in the online food delivery platform crossed the $1 billion mark on Monday. According to Forbes, this has increased the Zomato CEO's net worth to $1.4 billion. Deepinder Goyal's net worth has seen a huge jump due to the rise in shares.
Zomato hikes its platform fee by Rs 1 for customers in Delhi and Bengaluru
According to reports, Zomato has increased its platform fee by Rs 1 for customers in Delhi and Bengaluru. Earlier, Zomato was charging Rs 5 per order from customers ordering on its platform, which has now been increased to Rs 6. This had a positive impact on the company's profits and the company's shares started trading at Rs 232 with a gain of 3 percent on Monday.
The market capitalization of the company also increased to Rs 1.98 lakh crore
On Monday, the first trading day of the week, the stock market opened at Rs 225 and soon rose by more than 3 percent to Rs 232. With this, the market capitalization of the company has also increased and it has reached Rs 1.98 lakh crore. According to Zomato's share holding pattern, CEO Deepinder Goyal held 36,94,71,500 shares of the company, which is equivalent to 4.26 percent stake in the company. The value of the CEO's stake also increased and the value of 36.94 crore shares reached about Rs 10,000 crore when Zomato's stock reached an all-time high of Rs 232 during stock market trading on Monday.
