"Last week, we started vaccinating our delivery partners in NCR. In spite of so many people’s effort, we continue to be short of our salary reduction target. In a series of tweets, Goyal said that dining out in many countries has been badly hit. Prior to that, the company had a largely investor-run board consisting of CEO Deepinder Goyal, Alipay’s Douglas Feagin and … Hit hard by the COVID-19 pandemic, Zomato CEO Deepinder Goyal on Friday announced to lay off nearly 13 per cent of its workforce -- over 600 employees -- via Zoom calls, along with salary cuts for the rest of the employees for at least the next six months starting June, with higher cuts going up to 50 per cent for people in senior roles. FOUNDER &CEO, OWNER OF ZOMOTO(DEEPINDER GOYAL)NETWORTH,WIKKI. In several Deepinder Goyal interviews, he has come across as a hard worker but he is not a fan of following a strict regimen. In December 2020 the company announced that they raised 660 million USD in an extension of Series J … Along with India, Zomato is available on more than 24 countries such as UAE, Sri Lanka, Qatar, UK, Indonesia and many more in more than 10,000 cities. Goyal said Zomato had rolled back salary cuts announced in May when the company had laid off 13% of its workforce. Table of Contents. Deepinder Goyal, Founder and CEO, Zomato Goyal also expressed satisfaction at the fact that "news organisations and individual journalists" have spoken up … Notice Period. This comes after Maharashtra Chief Minister Uddhav Thackeray announced a curfew in the state starting from Wednesday 8pm. Zomato's CEO Deepinder Goyal said in a blog post. The conditions of appointment include the payment of remuneration inclusive of base salary up to Rs 3.5 crore which may be increased from time to time. “In fact, we are paying back all the deductions made to people who faced mandatory salary cuts at the Zomato,” as Deepinder Goyal told. Zomato is an Indian restaurant aggregator and food delivery startup founded in 2008. Advertising In May 2020, Zomato laid off around 520 employees or about 13% of its total workforce in a huge retrenchment exercise as novel coronavirus pandemic situation cracked businesses. ... Deepinder Goyal. Uber and Ola drivers are confined to their homes and delivery boys for food and online grocery delivery platforms are afraid to come out on roads owing to the fear or being beaten up. While Goyal has a basic salary of ₹3.5 crore per annum, the … Currently, it operates in 24 countries covering 1.2 million restaurants across the globe. It currently operates in 23 countries, including Australia and United States. He started to generate huge revenue from this company which has contributed to his net worth. New Delhi: Zomato CEO Deepinder Goyal on Wednesday announced that several employees have taken deep voluntary salary cuts as the business has been hit owing to the COVID-19 lockdown. Zomato's Founder and CEO Deepinder Goyal said the company's business was severely affected by COVID-19 lockdown and the restaurant industry itself … Salary: Check out Zomato Jobs salary particulars carefully. It shows that its MD & CEO, Deepinder Goyal, draws a basic salary of Rs 3.5 crore. 48 lakh. businessinsider.in - Deepinder Goyal Goyal started Zomato in 2008 and now holds a 5.5% stake in the company. In India, it is present in 37 major cities. — Deepinder Goyal (@deepigoyal) July 10, 2015 IIT Delhi Responds Placement officer at IIT Delhi, A Madan responded, as she said , “Any company which has … Discover Interviews. “In fact, we are paying back all deductions made to people who faced mandatory salary cuts at Zomato,” Deepinder Goyal said. So some serious hiring is happening at Zomato. In an internal note circulated by Founder & CEO of Zomato this morning, Deepinder Goyal wrote that the multiple aspects of the business have changed dramatically over the … It shows that its MD & CEO, Deepinder Goyal, draws a basic salary of Rs 3.5 crore and he took a pay cut amid the pandemic in the last financial year. He has put a lot of effort to make Zomato successful in the market. In a series of tweets, Zomato CEO Deepinder Goyal announced that hundreds of employees have taken deep voluntary salary cuts to help the… Zomato is gearing up to lay off about 13 percent of its workforce over a span of the next six months, according to a note to employees by CEO Deepinder Goyal. Zomato CEO Deepinder Goyal on Wednesday announced that several employees have taken deep voluntary salary cuts as the business has been hit owing to the COVID-19 lockdown. What is the salary of Zomato delivery boy? In a tweet, Goyal said: “Functional foods.. coming soon to your favourite food app. In a series of tweets, Goyal said that dining out in many countries has been badly hit. How to Apply Online Zomato Job Openings 2021. Who is the founder of Zomato? Also, fwiw, to conserve our own cash flows, hundreds of Zomato employees have taken deep voluntary salary cuts. Currently, Goyal holds a 5.51% stake in the company. Deepinder Goyal said, our business has been severely affected by the COVID lockdowns. According to Deepinder Goyal, CEO, Zomato, the dining-out business has been badly hit in many countries, owing to the virus outbreak and the lockdown. Zomato company founder Deepinder Goyal said that the firm will lay off around 13 per cent of its employees and cutting down the salary for the remainder of the staff starting June. Now published in a note titled 'A more focused Zomato', Goyal's note states that the number of restaurants are roughly expected to shrink by 25 to 40 percent, over the next one year. Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities. In FY 2020-21, the CEO had taken a remuneration of Rs 1.96 crore. As of 2019, the service is available in 24 countries and more than 10,000 cities. Zomato provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in … Lower cuts are being proposed for people with lower salaries, and higher cuts (up to 50%) for people with higher salaries. Zomato is now providing enormous opportunities for all job seekers. While Goyal said that Zomato is financially stable, they still need to preserve as much cash as possible to weather the storm. Delivery Boy salary at Zomato ranges between ₹ 0.2 Lakhs to ₹ 3 Lakhs. Other founders of Ola, MuSigma and ShopClues also were paid compensation less Rs 1 crore. Announcing the new Co-founder in the firm, CEO of Zomato, Deepinder Goyal, has reminded all employees about the Founders Program, that was announced a year ago. It shows that its MD & CEO, Deepinder Goyal, draws a basic salary of Rs 3.5 crore and he took a pay cut amid the pandemic in the last financial year. In an email addressed to employees on Sunday, which was reviewed by ET, Deepinder Goyal, cofounder and chief executive of Zomato, said: “While the foundation of Zomato was built before Mohit Gupta joined us, he has been instrumental in significantly … Hit hard by the Covid-19 pandemic, Zomato CEO Deepinder Goyal on Friday announced to lay off nearly 13 per cent of its workforce -- over 600 employees -- via Zoom calls, along with salary … “Starting June, I am proposing a temporary reduction in pay for the entire organisation. Zomato's Food Delivery CEO, Rahul Ganjoo, earned ₹2.9 crore. NEW DELHI: Zomato CEO Deepinder Goyal on Wednesday announced that several employees have taken deep voluntary salary cuts as the business has been hit owing to the COVID-19 lockdown. Not only this, the company had also appointed five independent board members last month in order to maintain cognitive diversity in the company. It shows that its MD & CEO, Deepinder Goyal, draws a basic salary of Rs 3.5 crore and he took a pay cut amid the pandemic in the last financial year. As many as 75% of employees had volunteered for partial salary cuts, reducing 14% in payroll costs. Salary & Net Worth – Investors, Funding, & Valuation. Company Wiki: Zomato is an Indian restaurant aggregator and food delivery start-up founded by Deepinder Goyal and Pankaj Chaddah in 2008. Salary cuts at Zomato due to coronavirus crisis will be as high as 50 percent and this situation is likely to prevail for the next six months. In FY21, the founder & CEO of Zomato took a steep pay cut from an annual Rs 3.5 crore to Rs 1.6 crore and waived his salary for 36 months starting April 1, 2021 [8/n] — Deepinder Goyal … 1900 crores. These are just a few whom I have named. Talk to Sales. Zomato CEO Deepinder Goyal recently took a dig at competitor food delivery service Swiggy for delivering orders post 8pm in Mumbai. New Delhi (3 Min Read Time): Hit hard by the Covid-19 pandemic, Zomato CEO Deepinder Goyal on Friday announced to lay off nearly 13 per cent of its workforce — over 600 employees — via Zoom calls, along with salary cuts for the rest of the employees for at least the next six months starting June, with higher cuts going up to 50 per cent for people in senior roles. Those being laid off will be paid half their salary for the next 6 months, or until they find another job, whichever is earlier. Goyal started Zomato in 2008 and now holds a 5.5% stake in the company. Zomato CTO Gunjan Patidar earned ₹1.5 crore and CFO Akshant Goyal earned ₹3.2 crore in FY21. Employer Branding. Her salary and net worth estimates will be shared soon. In FY 2020-21, the CEO had taken a remuneration of Rs 1.96 crore. It shows that its MD & CEO, Deepinder Goyal, draws a basic salary of Rs 3.5 crore and he took a pay cut amid the pandemic in the last financial year. Deepinder said the reduced salary for its employees will be effective starting from June. With the recent announcement, Zomato now has four cofounders — Gaurav Gupta, Deepinder Goyal, Gunjan Patidar and Mohit Gupta. ... #In 2017,he reportedly drew an annual salary of around Rs 48lakh. Goyal was referring to Zomato being denied a day one slot as a recruiter as its salary offers (with ESOPs) amounting to a total of Rs 26 lakh was too low. In 2017, Deepinder Goyal reportedly drew an annual salary of around 72,000 USD i.e. Both Deepinder and Pankaj studied together in IIT Delhi And passed out together. businessinsider.in - Deepinder Goyal Goyal started Zomato in 2008 and now holds a 5.5% stake in the company. Deepinder Goyal, Zomato’s co-founder and chief executive officer is the biggest individual stakeholder in the company, controlling a 7.7% stake worth nearly $245.2 million. In a series of tweets, Goyal said that dining out in many countries has been badly hit. Similarly, Zomato's Deepinder Goyal was paid Rs 48 lakh and Pankaj Chaddah received Rs 35 lakh in the period under review. — Deepinder Goyal (@deepigoyal) July 10, 2015. Zomato clocked in 60% and 35% higher gross merchandise value (GMV) on New Year’s Eve and Christmas in 2020 respectively, compared to the previous year, CEO Deepinder Goyal … While Goyal has a basic salary of ₹3.5 crore per annum, the … Beyond the bottom line: The journey of newsmaker Deepinder Goyal. Deepinder Goyal Net Worth 2020. Importantly, Goyal has sent a waiver letter, waiving his rights to receive basic salary for a period of 36 months from April 2021 and the company’s board have taken that on record. ... COVID-19 crisis, we had requested our staff to volunteer for salary cuts. Zomato CEO Deepinder Goyal has announced that several employees have taken deep voluntary salary cuts as the business has been hit owing to the COVID-19 lockdown. In a series of tweets, Goyal said that dining out in many countries has been badly hit. Today, we bring Deepinder Goyal’s Zomato in the picture. These Students names are Deepinder Goyal and Pankaj Chaddha. At that time, Zomato was considered as one of India’s largest restaurant guides going over 42,000 restaurants, spanning over 12 cities. What is Zomato's valuation? Earlier a moneycontrol.com report said that the food delivery platform is considering filing the Draft Red Herring Prospectus (DRHP) with the market regulator Securities and Exchange Board of India (Sebi) on Friday. Employees affected by the latest layoffs will continue to receive 50 percent salary for the next six months, Zomato CEO Deepinder Goyal said. — Deepinder Goyal (@deepigoyal) May 30, 2020. Deepinder Goyal is 36 years and from India. “To conserve our own cash flows, hundreds of Zomato employees […] Deepinder Goyal, the founder of Zomato Tweeted about his employee Suraj who saved his 5 months salary to buy himself a KTM RC 200 and Twitter is wondering how much money he earns CEO Deepinder Goyal on Friday announced job cuts to nearly 13 percent of the firm's workforce -- over 600 employees -- via Zoom calls, along with salary cuts for the rest of the employees for at least the next six months starting June, with higher cuts going up … Ever wondered who Vijay Shankar Sharma was before founding Paytm, who Deepinder Goyal was before founding Zomato, they all were engineers who turned entrepreneurs. Zomato Lays off 13% workforce & Promises Salary Cuts Indian foodtech unicorn Zomato has reportedly laid off 13% of its workforce. However, as of July 1, all original salaries have been reinstated, he said. “In fact, we are paying back all deductions made to people who faced mandatory salary cuts at Zomato,” Deepinder Goyal said. Similarly, Zomato's Deepinder Goyal was paid Rs 48 lakh and Pankaj Chaddah received Rs 35 lakh in the period under review. Zomato CEO Deepinder Goyal on Wednesday announced that several employees have taken deep voluntary salary cuts as the business has been hit owing to the COVID-19 lockdown. Deepinder Goyal (age 35~) belongs from a small town named Muktsar, near Bathinda in Punjab. For Employers. In a series of tweets, Deepinder Goyal, the founder of Zomato, said that the company is working to get the on-ground issues resolved, with full support from central and state governments. Deepinder Goyal, co-founder, Zomato said in a tweet on Friday, “Our revenue in FY20 grew by 105% as compared to FY19 while the costs grew by only 47% in the corresponding period. Zomato Delivery Job Details. The company announced this in a blog post today by CEO Deepinder Goyal. The payout applicable for them is Rs 4500/week, this is the minimum guarantee amount based on below conditions: ... Zomato is a restaurant search and discovery service founded in 2008 by Indian entrepreneurs Deepinder Goyal and Pankaj Chaddah. Goyal started Zomato in 2008 and now holds a 5.5% stake in the company. The draft papers of Zomato's ₹8,250-crore IPO revealed Zomato's Founder and CEO Deepinder Goyal, who had a salary of ₹1.96 crore in FY21, voluntarily waived his remuneration for three years starting from April 1, 2021. However, essential services were given exemption.
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