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Deepinder Singh Goyal, the founder and CEO of food delivery startup Zomato, has become a billionaire after its shares surged to hit a new 52-week high in today's trade. The rally in stocks was influenced by the company's decision to hike platform fees by 20%. Deepinder Goyal's net worth on the Forbes Real Time Billionaire Index is $1.4 billion. Goyal is ranked 2173rd on the latest list of the world's richest people.

Zomato's share price hit a new high of Rs 232 on the NSE and rose 3% in early trade, taking its market capitalization to over Rs 2 trillion.

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Hike In Platform Fee Influences Stock Price

Zomato stock gained after the company announced an increase in its platform fee from Rs 5 to Rs 6. The new fee will be applicable in select markets of Delhi and Bangalore. The company expects this to have a positive impact on its profitability.

According to a report in Moneycontrol, with this rally in stocks, the 41-year-old founder of Zomato has become the richest professional manager in India. His total wealth is more than Rs 8,300 crore. Goyal owns 36.95 crore shares of the company or a total of 4.24% stake.

Zomato's Journey

Coming from a middle-class family, Goyal graduated from IIT Delhi in Math and Computer Science. Inspired by his passion for food, he created an app for convenient food ordering. Earlier, it was known as FoodieBay.com and later it was renamed as Zomato.com after recognizing the potential to streamline the food ordering process. In 2011, with initial funding from Info Edge, Goyal quit his job to focus on the growth of Zomato. The company became a unicorn in 2018.

Zomato Share Price History

Today, Zomato shares opened at Rs 225 on the NSE and reached an all-time high of Rs 232. The price of the food delivery company shares was at the level of Rs 126 on 23 July 2021, which means, it has registered a jump of more than 80% during this period. Its 52-week low is Rs 76.50. In the last year, this stock has given a return of 183%. While this year so far it has gained more than 82%. In just six months, Zomato stock has managed to give a return of about 70%. In a month it surged over 20%.

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Disclaimer: This story is only news about the recent performance of the stock. Jagran does not advise to invest.