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Deepinder Goyal enters billionaire club as his holding in Zomato crosses $1 Bn worth

EntrackrEntrackr · 1y ago
Deepinder Goyal enters billionaire club as his holding in Zomato crosses $1 Bn worth
Medial

Deepinder Goyal, founder and CEO of Zomato, has entered the billionaire dollar club as the value of his holdings in the foodtech firm surpassed Rs 8,400 crore. With this, Goyal joins the ranks of Sachin and Binny Bansal, Nikhil and Nitin Kamath, Vijay Shekhar Sharma, Byju’s Reveendran, and Ritesh Agarwal who hit a similar high at some point with their startups’ growth and valuation. As of March 31, 2024, Goyal owned a 4.19% stake in Zomato and had 36,94,71,500 shares. Since the Info Edge-backed firm recently hit its all time high share price ~Rs 232, the value of his personal holding crossed $1 billion. Zomato currently has a market capitalization of Rs 2,01,343 crore or $24.25 billion (as of 11.27 AM IST on July 15). With 36,94,71,500 equity shares, Deepinder Goyal’s holdings are valued at Rs 8,423 crore ($1.01 billion), as per Entrackr’s estimate. Food tech major also received shareholder approval to implement a new ESOP plan 2024 valued at $458 million. With the implementation of its new ESOP plan, the company’s total ESOP value surpassed $800 million. After Flipkart, Zomato seems to have the largest ESOP pool at the moment in the startup arena. In 2021, Oyo’s ESOP pool was worth close to $1 billion followed by Paytm, Nykaa and Policybazaar. However, value of Oyo and Paytm’s ESOP pool has nosedived since then in the wake of colossal loss in their valuations. While the holdings of bootstrapped startup’s founders such as Kamath brothers and Sridhar Vembu fortune are estimated to exceed $1 billion, Goyal has turned out to be the new entrant in the billionaire club from the VC-backed ecosystem. The good times for Zomato have continued on the stock exchange despite the company increasing its platform fees to Rs 6 in Delhi and Bengaluru. The company introduced a platform fee of Rs 2 in August last year, which was increased to Rs 5 in April, and now stands at Rs 6 per order as the firm looks to improve margin. Swiggy also spiked its platform fee to Rs 6 in the two cities. Zomato showed a robust growth in the last fiscal year (FY24) as its revenue from operations surged 71% year-on-year to Rs 12,114 crore in FY24 from Rs 7,079 crore in FY22. Moreover, the profits of the company stood at Rs 351 crore in FY24 as compared to a loss of Rs 971 crore in FY23.

Gen AI startup Neysa turns unicorn after Blackstone-led $1.2 Bn funding

EntrackrEntrackr · 14d ago
Gen AI startup Neysa turns unicorn after Blackstone-led $1.2 Bn funding
Medial

Gen AI startup Neysa turns unicorn after Blackstone-led $1.2 Bn funding Mumbai-based AI acceleration cloud platform Neysa has announced a funding of over $1.2 billion, led by private equity funds affiliated with Blackstone along with multiple co-investors. The transaction includes $600 million in equity capital, while the company plans to raise an additional $600 million in debt financing. This marks one of the largest capital raises in India’s AI infrastructure space. Other equity investors participating in the round include Teachers’ Venture Growth, TVS Capital, 360 ONE Assets and Nexus Venture Partners. The fresh capital will be used to scale Neysa’s AI infrastructure footprint, including the planned deployment of over 20,000 GPUs across the country. Prior to this round, Neysa had secured $20 million in seed funding in early 2024, followed by a $30 million Series A round in October 2024, backed by Nexus Venture Partners, NTT Venture Capital, Z47 (formerly Matrix Partners India) and Anchorage Capital. While the company did not comment on its valuation, an ET report pegged it at around $1.4 billion. This is a nearly 11x jump compared to the $128 million valuation at the Series A stage, as per Entrackr’s estimates. Neysa has also become the second unicorn of 2026 after Juspay, which crossed a $1 billion valuation following a $50 million funding round led by WestBridge in January. Founded in 2023, Neysa builds and operates AI systems deployed within India, offering GPU-based infrastructure to support the training, fine-tuning and deployment of AI workloads. The company serves enterprises and government institutions across sectors such as financial services, technology, healthcare and public services. Neysa positions itself as an AI acceleration cloud provider focused on sovereign compute, data assurance and production-grade AI infrastructure. Its platform enables enterprises, hyperscalers and AI labs to deploy AI workloads securely and cost-effectively within India, aligning with the broader objectives of the IndiaAI Mission. As of the Series A round, Nexus Venture Partners and Z47 were the largest external shareholders in the company, each holding a 16.22% stake. The company’s founders, Sharad Sanghi and Aninya Das, collectively owned a 43.09% stake. It will be interesting to see Neysa’s cap table structure following the latest deal with Blackstone.

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