Deepinder Goyal’s latest venture, Temple, announced on Friday that it has raised $54 million in its inaugural funding round. Led largely by friends, family, fellow founders, and early-stage Zomato investors, the round gives the startup a post-money valuation of $190 million (around Rs 1,700 crore).
Temple, a health technology company co-founded by Goyal, who is renowned for founding the food delivery giant Zomato, is developing an advanced wearable device designed to monitor health metrics that current products do not measure. According to industry reports, the company is particularly concentrating on athletic performance and brain-related metrics such as cerebral blood flow, although the specific details of the product are still being finalized.
In his announcement on X, Goyal said every investor in the round was either a founder friend or an early backer of his earlier ventures, and welcomed the support even “whether or not Temple ever makes it to market.” More than 30 Temple employees participated in this funding round at par valuation with no discount, a move Goyal described as a rare and powerful signal of internal belief.
Having stepped down as CEO of Eternal, the parent company of Zomato and Blinkit, Deepinder Goyal is now focusing on high-risk, experimental tech ventures like Temple.
Global wearable giants are increasingly prioritizing bio-monitoring features, and Indian investors are showing growing interest in health-tech wearables and specialized hardware solutions. The startup is actively hiring across a wide spectrum of roles, from Analogue Systems Engineers to Computational Neuroscientists, signaling an ambitious expansion.
As Temple accelerates its product development, industry observers will be watching closely to see how the startup positions itself against established competitors and how quickly its innovative technology transitions from the lab to consumer hands.