Deepinder Goyal, the creator of Zomato, an Indian food delivery company, has secured $54 million in initial funding for Temple, his new wearable technology startup. The post-money valuation for Temple stands at around $190 million.
Goyal revealed on social media that the funding round was conducted as a “friends-and-family” raise, with contributions mainly from fellow founders and early-stage investors within his circle. He mentioned that over 30 Temple team members also invested their own funds at the same valuation without any discounts.
As per a report from Economic Times, regulatory filings indicate that investors in this round include Peak XV Partners, Steadview Capital, Dharana Capital, Info Edge Ventures, and more than 80 individual supporters.
In February, Goyal stepped down as CEO of Eternal, the parent company of Zomato and Blinkit, transitioning to a vice-chairman position according to the ET report. He emphasized on social media that he is concentrating on ventures involving “higher-risk exploration and experimentation,” such as Temple.
Temple is a company specializing in wearable technology, focusing on elite performance and precise monitoring. In a recent job posting on X platform, Goyal mentioned that their main product is a performance-tracking wearable device designed for athletes. The company is actively seeking engineers for hardware, embedded systems, sensor design, and advanced software positions.
