Archive · 23 Dec 2025
Deepinder Goyal Rewires Zomato Amid Challenges
Deepinder Goyal, the founder of Zomato, faced big challenges in late 2022.
The company was losing market share to Swiggy, and its recent acquisition, Blinkit, was not making a profit.
Goyal worked very hard, often 16 hours a day, to fix these problems.
He used special cards with reminders to stay focused and avoid mistakes.
He also introduced a new way of leading the company where leaders rotate their roles, ensuring no one person has too much power.
By June 2023, Zomato started making a small profit, and the company began to improve.
Goyal believes in rewarding people for their hard work without setting strict targets, and he encourages everyone to keep learning and innovating.
Deepinder Goyal worked extensively to turn around Zomato's declining performance post-Blinkit acquisition.
He introduced 'rotational leadership' to prevent dependency on any single leader and foster continuity.
Zomato reported a profit of INR 2 crore in the quarter ending June 2023, surprising the team.
Goyal's 'now-that' reward philosophy focuses on recognizing impactful outcomes rather than predefined milestones.
The company's stock began to improve by March 2023, indicating a shift in investor confidence.
- Who
- Deepinder Goyal, founder of Zomato
- What
- Deepinder Goyal's efforts to turn around Zomato's declining performance and implement new leadership strategies
- When
- December 2022 to June 2023
- Where
- Zomato's office and various business locations
- Why
- To address declining market share, profitability issues, and to foster a culture of continuous innovation and accountability
- Company
- Zomato
- Founder
- Deepinder Goyal
- Acquisition
- Blinkit
- Stock Performance
- Improved by March 2023
- Profit Reported
- INR 2 crore (April-June 2023)
- Leadership Model
- Rotational Leadership
- Reward Philosophy
- Now-that approach
- Working Hours
- 16-hour days, 7 days a week