Deepinder Goyal's Stake In Zomato Is Now Worth $650 million

Deepinder Goyal is worth $650 million based on his current 4.7% stake in Zomato

A 66% stock jump on debut turned Zomato Ltd. founder Deepinder Goyal into a poster boy for India's fledgling startup scene, pushing his fortune close to the $1 billion mark. Goyal is worth $650 million based on his current 4.7% stake in Zomato, according to the Bloomberg Billionaires Index. He also owns more than 368 million options that vest over the next six years, which if exercised would almost double his stake in the company, which now has a market capitalization of $13.3 billion. While that's far behind the fortunes of Mukesh Ambani -- worth about $80 billion -- and dozens of other Indian industrial tycoons, the group of ultra rich startup entrepreneurs in the country is small. Those topping $1 billion include Byju Raveendran of online education provider Byju's, Vijay Shekhar Sharma of digital payments pioneer Paytm, and Sachin Bansal and Binny Bansal, cofounders of online retailer Flipkart. The IPO is a triumph for not just Goyal, the son of two teachers who founded his company in 2008, but also scores of Indian startup entrepreneurs aspiring to influence and wealth. India had a record $6.3 billion of funding and deals for technology startups in the second quarter, underscoring entrepreneurial ambitions and rising venture-capital interest in the world's second-most populous market.