Deepinder Goyal: An Exit to Enter

Deepinder Goyal: An Exit to Enter

Deepinder Goyal, Zomato’s Founder and CEO, sold all of his personal shares in Blinkit (formerly Grofers) days before his company announced it will invest up to $400 million in quick commerce over the next two years.

Deepinder Goyal
Binu Paul
  • Mar 02, 2022,
  • Updated Mar 02, 2022, 4:23 PM IST

Deepinder Goyal, Zomato’s Founder and CEO, sold all of his personal shares in Blinkit (formerly Grofers) days before his company announced it will invest up to $400 million in quick commerce over the next two years. The food aggregator is anticipated to further bulk up the $100-million investment it made into Blinkit last year. This will strengthen Zomato in its battle with arch rival Swiggy, and might even positively impact its stock price.

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