Deepinder Goyal Portfolio – Sector-Wise Allocations in 2025

Deepinder Goyal, founder and CEO of Zomato Ltd, has built a significant personal and on-show investment portfolio across sectors, including health tech, logistics, beverages, and climate-focused ventures. This article provides a detailed analysis of his net worth trend, sector-wise allocations, and investment strategy, highlighting how he balances entrepreneurial and investor roles.

Deepinder Goyal Portfolio and Shareholdings in 2025

As per the shareholdings declared as of June 2025, Deepinder Goyal has 1 active stock in his portfolio:

Stock Name	Holding Percentage (%)	Holding Value (Rs. in cr.)
Eternal Ltd.	3.83	11,764.0

Disclaimer: Please note that the above table is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Who is Deepinder Goyal?

Deepinder Goyal is the founder and CEO of Zomato Ltd, which operates food delivery, quick commerce (Blinkit), and B2B supplies (Hyperpure) under holding entity Eternal. Born in 1983 in Punjab and an IIT Delhi alumnus, Goyal started his career at Bain & Company before launching Zomato (then Foodiebay) in 2008. As of Q4 FY24, exchange filings show he holds 36.95 cr Zomato shares, representing about 4.43% of the company, valued at over ₹8,400 cr when the stock hit a record high in July 2024.

Outside Zomato, Goyal has made verified angel investments in companies such as Ultrahuman, Shiprocket, Bira 91, and Terra.do, and appeared as a judge on Shark Tank India Season 3, where he invested ₹2 cr for 15% in Goenchi Feni. In 2025, he co-founded LAT Aerospace, aiming to build hydrogen-powered airships. His investing activity spans health tech, logistics, beverages, and climate sectors, often reflecting a founder-operator perspective.

Top Stocks in the Deepinder Goyal Portfolio

Eternal Ltd: Eternal Ltd, formerly known as Zomato Ltd, is a prominent Indian technology company headquartered in Gurugram, Haryana. Established in 2008 by Deepinder Goyal and Pankaj Chaddah as DC Foodiebay Online Services Pvt Ltd, the company underwent a rebranding to Zomato Ltd in 2012 and later to Eternal Ltd in February 2025. 

Deepinder Goyal Portfolio – Sector-Wise Allocations

Deepinder Goyal investments show a strong focus on consumer tech, health and wellness, and logistics, reflecting his entrepreneurial background with Zomato and related ventures. Stakes in beverages, lifestyle, and climate-focused startups complement his portfolio. Below is a detailed sector-wise analysis of Deepinder Goyal’s holdings.

• Consumer Tech & Digital Platforms: This sector forms the core of Goyal’s portfolio, including companies that provide food delivery, quick commerce, and restaurant discovery platforms. These Deepinder Goyal business investments leverage his operational expertise and understanding of digital consumer behaviour. Key holdings include Zomato Ltd. and Blinkit.
• Health & Wellness: Goyal has strategically allocated funds to health and fitness startups, targeting both consumer health and technology-driven wellness solutions. These Deepinder Goyal business ventures benefit from India’s growing health-conscious consumer base. Examples in this sector are Ultrahuman and related health-tech ventures.
• Logistics & Delivery: Deepinder Goyal stock investments in logistics and delivery companies complement his consumer tech and quick-commerce interests. These holdings provide exposure to scalable delivery infrastructure and last-mile solutions. Shiprocket represents this cluster in the Deepinder Goyal investment portfolio.
• Beverages & Lifestyle: Goyal has invested in premium beverages and lifestyle brands, balancing his tech-heavy Deepinder Goyal equity holdings with consumer-oriented businesses. Bira 91 is a representative company in this sector.
• Climate & Sustainability: Emerging sector bets include climate-focused and sustainability-driven ventures, reflecting forward-looking investment themes. Notable examples are Terra.do and LAT Aerospace, indicating interest in climate education and clean transportation technologies.

Deepinder Goyal Net Worth Trend

Based on the latest data, Deepinder Goyal’s net worth has seen a sharp upward trajectory in recent years, reflecting the strong performance of his key holding, Eternal Ltd. His ability to stay invested in high-growth businesses like Zomato and Blinkit has significantly boosted his wealth. His net worth has risen to approximately ₹11,764 cr in 2025, making him one of the most notable entrepreneur-investors in India.

The Deepinder Goyal Investment Strategy

• Operator-first, consumer internet core: He concentrates on high-frequency consumer platforms, food delivery, quick commerce, and logistics, applying operating playbooks to judge demand density, fulfilment reliability, CAC/LTV, and cohort retention.
• Product discipline & unit economics: He prioritises teams that ship fast, iterate on data, and show improving contribution margins, insisting on a clear path to profitability rather than growth-at-any-cost.
• Ecosystem adjacencies: He allocates capital around his core strengths, logistics infrastructure, health/wearables, and climate or long-horizon tech, to tap shared networks, supply chains, and customer funnels.
• Concentration and holding periods: He keeps a large share of wealth in his primary company and adds selective angel positions, favouring hold-through-cycles over frequent trading.
• Governance and conflict hygiene: He formalises separation between personal positions and corporate strategy, using board processes and related-party checks to align incentives.
• Data-led optionality: He selects businesses with expanding surface area, evolving from listings to delivery to quick commerce to B2B, guided by frequency, basket size, and contribution margin trends.

Learnings for Investors from the Deepinder Goyal Portfolio

• Core & Satellite: He holds a significant core stake in his primary company and adds a few small, exploratory positions around it. This keeps conviction high, research focused, and the portfolio easier to monitor.
• Habit Over Hype: He prefers daily-use products, food delivery, quick commerce, and B2B supplies, where customers return often. High frequency creates measurable cohorts, steadier revenue, and fewer “story-stock” surprises.
• Profit Path First: He looks for improving contribution margins, faster payback periods, and disciplined cost lines before chasing scale. Growth matters, but only when unit economics point to durability.
• Adjacent Expansion: New bets stay close to what he already knows: listings, then delivery, then quick commerce, then B2B. Each step reuses capabilities, supply chains, data, and distribution, rather than starting from scratch.
• Patient, Clean Ownership: Disclosures show limited trading across recent quarters. Fewer moves reduce mistakes, and transparent governance around personal vs. corporate interests protects reputation and alignment.
• Founder-First (Hard to Copy): His edge comes from operator insight, access to talent, and deal flow that most individuals don’t have. Beginners and everyday investors may struggle to replicate this.

To Wrap It Up

Goyal builds around what he knows best and extends only when capabilities transfer. Listings give way to delivery, then to quick commerce, then to B2B supply. The wealth line reflects Eternal’s price, yet the direction tracks habits, retention, and contribution margins. The pattern is deliberate, not ornamental. While Goyal’s portfolio may not be an appropriate inspiration for everyday investors, his growth trajectory is an inspiration for many. Investors can study his growth and decision-making to aid their overall investment perspective. 

Frequently Asked Questions About the Deepinder Goyal Portfolio