Deepinder Goyal, founder of Zomato, has raised $54 million for his new health-tech startup Temple. The fresh funding values the company at around $190 million, even before its first product hits the market.
Temple is building a next-generation wearable device aimed at tracking advanced body metrics, especially for athletes and high-performance users. Unlike regular smartwatches that track steps and heart rate, Temple’s device is expected to measure deeper physiological signals, including cerebral blood flow, something current mainstream wearables don’t capture.
The funding round saw participation from major investors including Peak XV Partners and Info Edge Ventures. Several well-known startup founders also backed the venture, showing strong early belief in Goyal’s new idea.
Interestingly, more than 30 Temple employees also invested in the round at the same valuation as external investors.
After building Zomato into one of India’s biggest food delivery platforms, Goyal recently stepped back from day-to-day operations to focus on new ventures. Temple marks his serious entry into the wearable and health technology space, which is currently dominated globally by brands like Apple and Garmin.
While Temple hasn’t revealed a launch date yet, the startup is already creating buzz because of its strong backing and ambitious vision.
Raising $54 million at such an early stage and at a $190 million valuation is significant. It shows how much trust investors place in experienced founders like Goyal, even when the product is still under development.
Goyal shared the funding update through a recent LinkedIn post, where he revealed that Temple had closed its first round with backing from friends, founders, and early believers in the vision.
