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ETSA 2024 | Don't need to be in Bengaluru to build a startup: Zomato's Deepinder Goyal
Economic Times
·
10m ago
Medial
- Zomato CEO, Deepinder Goyal, mentioned that one does not need to be in Bengaluru to build startups. - Nandan Nilekani, Infosys Chairman, had previously emphasized Bengaluru as the best city for entrepreneurs. - Goyal's remark reignites the debate about which city is the hub of the startup ecosystem in India. - While Bengaluru has traditionally been seen as the dominant force in the startup ecosystem, New Delhi has been gaining ground in recent years. - Apart from Zomato, several other startups from New Delhi, such as Paytm, Delhivery, and Policybazaar, have explored public market listings. - Goyal shared insights about Zomato's journey, changes after the IPO, and appearing on Shark Tank during the ET Startup Awards in Bengaluru.
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Zomato CEO Deepinder Goyal hits out at malls; says, ’need to be more humane…’ | Mint
Livemint
·
10m ago
Medial
- Zomato's CEO, Deepinder Goyal, shared his experience as a delivery partner executive for a day. - Goyal emphasized the need for malls to improve working conditions for delivery partners. - Zomato's shares closed 2.38% higher after Friday's trading session. - During his second delivery, Goyal faced challenges entering the mall and had to wait in the staircase to pick up the order. - Goyal spent time with other delivery executives, gathering valuable feedback while waiting for the order to be prepared. - Goyal managed to sneak in and collect the order when the staircase guard took a small break.
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ETSA 2024 | Zomato’s top ranks needed a spring clean after IPO highs: cofounder and CEO Deepinder Goyal
Economic Times
·
10m ago
Medial
- Zomato CEO Deepinder Goyal opened up about the company’s journey from a $7.6 billion listing to a $29 billion market cap. - Goyal shared that there was a period of complacency within the company after the IPO, and he had to remove individuals who had lost their drive and reboot the organization. - He revealed that his lowest lows as a founder occur when people he trusts don't show up, which feels more personal than business. - Zomato's most challenging moment was when rival Swiggy raised $1 billion while they only had $35 million in the bank. - The decision to enter the delivery and quick commerce businesses was driven by survival instinct, as these moves were necessary for the company's continued existence. - Goyal discussed the diversification of Zomato, including its spin-off app District for events and dining out, acknowledging that they face competition from established players such as BookMyShow.
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Starting a company just to make money won't work: Zomato CEO Goyal
Inshorts
·
1y ago
Medial
Zomato CEO Deepinder Goyal said one should not start a company just to make lots of money. "I don't think that works because that leads to bad governance calls," he stated. Advising entrepreneurs, he said, "You should be...passionate about something, you should be willing to risk your life for it, only then you can build a company of your dreams."
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Success of Paytm biz acquisition hinges on effective customer transition, team integration: Zomato CEO Deepinder Goyal
Economic Times
·
11m ago
Medial
Zomato's CEO, Deepinder Goyal, believes the success of their acquisition of Paytm's events and movie ticketing business will depend on a smooth customer transition and cultural integration. The company plans to assimilate the new team into their existing culture and hopes for a favorable outcome. The acquisition will add 280 employees to Zomato's roster. Initially, the services offered on both Zomato and Paytm apps will continue, but eventually, Zomato's new app, called District, will take over. Goyal expressed confidence in redirecting traffic and acknowledged the potential need for customer incentivization. He also mentioned the long-term growth potential of the new businesses.
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Paytm’s Vijay Shekhar Sharma cheers Deepinder Goyal as camaraderie adds fizz to Zomato’s 16th anniversary ad
Livemint
·
1y ago
Medial
Zomato's 16th anniversary is making headlines as Paytm CEO Vijay Shekhar Sharma shared the celebration ad released by Zomato's CEO Deepinder Goyal. Sharma congratulated Goyal and the executive team while expressing admiration for the advertisement. As a gesture of gratitude to its users, Zomato is offering an exclusive Zomato Gold membership for ₹30 for six months. The advertisement features key team members such as Akriti, Akshant, Rakesh, and Vipin. The online food delivery market in India is projected to reach $43.78 billion by 2024, according to Statista.
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Today’s Business Models Wont Last More Than A Decade: Goyal
Inc42
·
1y ago
Medial
Zomato CEO Deepinder Goyal emphasized the need for constant innovation in startups during the 'Startup Mahakumbh' event. He stated that no business model can last more than a decade in today's rapidly evolving technological landscape. Goyal highlighted that Zomato is already on its fourth version and continuously disrupts its own business to stay relevant. He also mentioned the potential of Zomato's quick-commerce platform, Blinkit, to surpass the food delivery business. The three-day Startup Mahakumbh event aims to bring together startups, investors, and industry leaders to foster innovation and collaboration. Additionally, the Indian government is preparing a dedicated policy to promote deep tech startups in the country.
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Zomato's Deepinder Goyal launches Chief of Staff role with no salary and a Rs 20 L cost clause
YourStory
·
8m ago
Medial
Zomato CEO Deepinder Goyal is searching for a Chief of Staff, but there is a unique requirement - no salary for the first year. Instead, the selected candidate will need to make a donation of Rs 20 lakh to Zomato's Feeding India initiative. In return, Zomato will contribute Rs 50 lakh to a charity chosen by the candidate. The job description is vague, mentioning responsibilities in various areas of Zomato's business. Goyal promises significant learning opportunities, working with top executives in the tech industry. To apply, interested candidates should send a 200-word cover letter without a resume.
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Zomato CEO Deepinder Goyal won't take salary till 2026
Inshorts
·
8m ago
Medial
Zomato CEO Deepinder Goyal has voluntarily waived his annual remuneration of ₹3.5 crore till the end of the financial year 2026, Zomato's qualified institutional placement (QIP) document said. He's also entitled to variable pay, the amount of which will be decided by board at a later date. Goyal had previously waived his salary for 36 months, beginning April 1, 2021.
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Here’s What Made Sanjeev Bikhchandani Invest In Zomato In 2010
Inc42
·
10m ago
Medial
Bikhchandani believes that Zomato's founder, Deepinder Goyal, the startup's team, and its potential to create a new category were the key factors in their decision to invest. Although there have been discussions at Info Edge board about their stake in Zomato, the company is inclined towards continuing their investment in the startup for a long period. Bikhchandani also expressed optimism about Zomato's recent acquisition of Paytm's online ticketing business.
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Zomato CEO Deepinder Goyal urges established businesses to fund startups without seeking ownership
Money Control
·
1y ago
Medial
Zomato's CEO, Deepinder Goyal, has encouraged established businesses to fund startups to help them grow without the intention of owning them. He made the statement during the announcement of the Startup Mahakumbh event. Union minister Piyush Goyal also spoke at the event, praising startups as the backbone of a "New India." He urged entrepreneurs to seize opportunities as India aims to become a $32-trillion economy by 2047. The event featured participation from various stakeholders in the startup ecosystem.
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