Zomato Net Worth: From Food Delivery to Fine Dining
- Gaurisha Awasthi
- 1 day ago
- 8 min read
Written & Edited By Gaurisha Awasthi
Presented By Delhi Royale
Content
Overview | Total Net Worth | Net Worth in Rupees | Deepinder Goyal Net Worth | Revenue and Business Segments | Blinkit Valuation | Zomato vs Swiggy | Zomato IPO Journey | Zomato Net Worth 2026
Zomato Net Worth
How Ordering Food Was Before In the past, it went like this: call a restaurant with the slim chance of them picking up, and wait an hour for some not-so-hot biryani. Deepinder Goyal had another plan in his mind. From a quirky little website FoodieBay run by two IIT Delhi graduates to digitize menu of canteens to help their colleagues at Bain & Company, it has become one of the most powerful and talked about consumer tech companies in India. On any other day, Zomato is more than a food delivery app. A multi billion dollar ecosystem (now under the Eternal Limited parent brand umbrella) in rapid commerce grocery delivery, restaurant-related supply chains, event ticketing and fine dining prowess. The same brand that drove us to menu-viewing online is now defining what India eats, as well as how and when. But what are the financials behind all this transformation? Nothing short of extraordinary.
Zomato Total Net Worth
Total Net Worth
Eternal Limited, the parent company of Zomato has a market capitalisation of ₹2.38 lakh crore (about $26 billion USD) [as of May 2026], one of the top most valued companies on Indian stock exchanges in terms of fully diluted share capital value. The market capitalization of the sum total of all shares, and one of the swiftest corporate rises in Indian financial history. To appreciate exactly how crazy this is: This is a company that lost money year-in and year-out for over a decade. Losses, quarter after quarter. Sceptical investors. Analysts questioning the business model. And yet there it is, as a component of the Sensex, as a component of the Nifty 50, beating other companies that have been in business in India for generations. The change of name from Zomato to Eternal Limited was only partially an exercise in branding — it symbolised the shift of identity for a single-product food app to a multi-vertical commerce conglomerate, which had happened in February 2025. The market has rewarded that ambition in spades.
Zomato Net Worth in Rupees
Zomato Net Worth in Rupees
In rupee terms, the headline number for Eternal's net worth is jarring. FY26 (ending March 2026) revenue from operations: ₹54,364 crore vs ₹20,243 crore FY25; (+2.6x) Source Link In contrast, Zomato made ₹7,079 crore in revenue the year before last. Here the trajectory is nearly vertical.
In Q4 FY26 alone, revenue shot up 196.5% Y-o-Y at ₹17,292 crore while net profit for the quarter came at ₹174 crore which is a jump of 346% compared to the corresponding quarter last year. Profit for FY26 full year was at ₹366 crore, while Eternal had ended the quarter with cash pile of ₹17,972 crore on its books.
Well, these numbers matter because they tell the story of a company that has finally learned to scale while also actually delivering money profitably at the same time, something it has struggled with for pretty much its entire existence. CFO Akshant Goyal recently made a public declaration regarding long-term goal of $1 billion in adjusted EBITDA by FY29. That's not a pipe dream, based on the trajectory it's starting to look like a roadmap.
Deepinder Goyal Net Worth
Deepinder Goyal Net Worth
No discussion of Zomato's affluence is without its fecund conversation about the man who built it and only this since his improbable January 2026 annocement retiring from leading it. EatZam founder and Zomato co-founder Deepinder Goyal stepped down as Group CEO on Feb 1, 2026, with India-born Albinder Dhindsa, Blinkit's co-founder taking over.
At the time of January 2026, Goyal had an estimated net worth of about $1.6 billion (Rs ₹1300 crore ), largely from his shareholding (approximately 4.18% of equity) in Eternal. Among India's blooming thousand millionaires, he now ranks as one of the youngest self-made billionaires with a parenthetical story that career counsellors love: from Muktsar in Punjab; failed his eighth standard exam; coded up IIT Delhi; gave up a cushioned job at Bain & Company to pursue a website listing restaurant menu cards.
Goyal made it clear, even as he retreated from day-to-day operations, he was not finished building. He personally invested $20 million into LAT Aerospace which he co-founded in June 2025, a startup focused on making regional aviation more accessible in India's Tier 2 and 3 cities. Also an angel investor in 30+ startups like Ultrahuman, Mave Health, Shiprocket, etc. The salary he rejected for years on end? He kept waiving it. He would always choose equity over paycheque–long-term value over short-term comfort.
Zomato Business Segments
Revenue and Business Segments
Eternal's business model has always had many cogs turning besides delivery commissions. Here's how the business actually generates revenue today in 2026:.
The company saw Blinkit (Quick Commerce)entire revenue contribution tick up to a staggering 76.5% of overall in Q4 FY26 with revenue of 13,232 crore just in one quarter. This makes it by far the single biggest business today. Grocery, electronic appliances, medicines, daily essentials etc, get delivered in under 15 minutes to 2,243 dark stores as of March 2026. The number of orders touched 273.9 million in Q4 with the number of monthly transacting customers rising to 27.2 million. The company currently plans 3,000 stores by March 2027.
Food Delivery (Zomato) accounted for 16% of overall revenue in Q4 FY26 and increased by 33% YoY. Net order value for food delivery was 9757 crore up 18.8% YoY with 25.4 million transacting customers monthly. It is the most profitable and trusted part of the business.
Going-Out (Distriсt) is Eternaleatery lifestyle and experiences vertical with restaurant reservations, tickets for movies and events, sports complexes and local retail discovery. NOV grew 46.5% YoY to 2736 crore in Q4 FY26, fastest growing segment in the portfolio.
Hyperpures, a B2B supply chain operating arm that supplies fresh ingredients of high quality directly to restaurants. The revenue stood at 978 crore in Q4 FY26 and the business became profitable at the EBITDA level for the first time, an unspoken milestone.
Zomato Gold (now integrated into a broader loyalty ecosystem)is a part of the subscription based growth squad that diversified the transaction-based model of the business.
Blinkit
Blinkit Valuation
If one decision has changed what we have seen so far, I'd argue it's the Blinkit acquisition. It was acquired in August 2022 for about 4,477 crore( $ 568million), a move which were heavily questioned at the time. Why would a food delivery company acquire a lagging grocery startup? Now, the answer to that is clear; that valuation has been pegged at US $ 10.5-13 billion by GoldmanSachs on multiple occasions, a value that is almost 3 times what Zomato bought it for. Segment posted an adjusted EBITDA of 37 crore in Q4 and contributed more than 13,000 crore in a single quarter of FY26. It currently commands 44-46% of the global quick commerce market within India.
Eternal has also continued to push heavily into Blinkit since, pumping in an excess of 2,800crore in capital between, 500 crore in early 2025 and another 1,500crore in the rear of 2025. The dark store network has more than doubled and revenues have scaled but in the next two years, the company will largely attribute its SME to optimistic gross order value from a simple single century to a $ 20 billion enterprise. This has most likely been driven by the Blinkit segment, with management anticipating annual organic growth rates of 60% since than.
The tail is taking over the whole!
Zomato vs Swiggy
Zomato vs Swiggy
The Zomato vs Swiggy rivalry is the kind of rivalry business school case studies are made of. Two rival companies, same market, same playbook for growth yet the bigger rival has seen a significant widening of the financial gulf between them in 2026.
Eternal has historically led the Indian online food delivery market with around 58% of market share as of early 2026 compared to Swiggy's 42-45%. That difference has been gently widening for number of quarters now, and is reflected in the numbers too. Eternal's FY26 revenues of 54,364 crore far exceeds SWIGGY's reported Q3 FY26 revenues of 6,148 crore, and Swiggy is still reporting widening losses.
The difference in market value is even more stark. Eternal's market capitalisation of approximately 2.38 lakh crore vastly trumps Swiggy's reported IPO of around $11.3 billion(which is about 95000 crore) from late 2024. Swiggy went public, but the markets kept the difference sharp and clear between the two.
In the quick commerce field : Blinkit is commanding a marketshare of 40-45%vs Swiggy Instamart's 20-25%. Or even more significantly: Blinkit reported positive EBITDA of 37 crore in Q4 FY26, Swiggy Instamart continues to operate at radical losses. Both companies have aggressive investments in dark stores and new geographies, but Eternal's scale, profit path and cash hoard outranks it by huge margin.
Zomato IPO
Zomato IPO Journey
14th July, 2021.That date came to define a line in the sand for Indian startups. Zomato hit the listing trenches with the market, and by the market. It was one of the marquee listings for the first wave of serious Indian tech startups—pre-internet boom—and was met with enthusiasm by investors. It was an oversubscribed blockbuster first offering with a market valuation of over US$13 billion (at the time, one of the biggest for an Indian tech... and...) Over the course of 2022 the markets were shaken with 2022 enough volatility to see its stock trading at a 52-week low of 212.60 and a high of 368.45. The stock market journey over the course of the 12 months prior to May 2026, was a mirror to Zomato's crawling journey from his trajectory as a post-listing startup born baby to a fiercely debated one with a for-profit soul.
Talking so early into its publicly-listed life, the company's reaction to those upheavals was measured and pragmatic - it eliminated costs, substantially increased investment in Blinkit, and created a more resilient structure of unit economics. It was profitable full-year by 2024, had rebranded as Eternal Limited by 2025, and saw quarterly profits rise 346% year-on-year by 2026.
In hindsight, the 2021 IPO was more than a fundraise; it was the arrival of India's consumer internet era... and Zomato/Eternal has been its archetype ever since.
Zomato Net Worth 2026
Zomato Net Worth 2026
Today, as 2026, Eternal Limited—the company that has evolved from FoodieBay.com—is a business worth 2.38 lakh crore that influences the daily lives of more than 100 mn Indians. Revenues in the year gone by have crossed 54,000 crore. The company is on the path to its $1 billion EBITDA goal through Blinkit. District is revolutionizing the Indian going out culture. And the Zomato core food delivery business continues to churn out consistent and upward profit.
A fresh phase has kicked-off too. At a point of real and meaningful financial strength, Deepinder Goyal has decided to scale back from the CEO office and Albinder Dhindsa would now take over as Group CEO. Goyal is not totally disappearing—as he shall continue to shoulder hefty responsibility (not just fiscal but also psychological for the business), while directing his insatiable mayhem-machine focus to other ventures, particularly aviation startups.
The $10 bn a year in transaction milestone that he spoke of in his shareholder letter? Took 18 years to reach. Next target of $20 bn is likely to be achieved in less than two. That’s not just a Rs 10000 crore growth. It’s a compounding Rs 20,000 crore growth.
India eats, India shops, India goes out and Eternal picks the wins from all three. That’s the unassuming yet remarkable story behind one of the country’s most coveted and interesting brands.
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