Just weeks after stepping down as the CEO of Zomato, India's answer to 'Meituan', and its parent company Eternal, Indian entrepreneur Deepinder Goyal has successfully secured $54 million in funding for his wearable device startup, Temple. Following this funding round, Temple's valuation soared to approximately $190 million, with over 30 employees joining the investment at this valuation. Goyal himself took the lead as the primary investor, with institutional backers like Steadview Capital following in his footsteps.
Goyal concluded his nearly two-decade-long tenure in management in January of this year. He co-founded Zomato alongside Pankaj Chaddah back in 2008. Temple is dedicated to crafting high-performance wearable devices tailored for elite athletes, with the ambitious goal of creating the 'ultimate wearable for top-tier sportspeople'. The company is currently on a hiring spree, actively seeking out talent in relevant fields.
Furthermore, Goyal has committed to investing $25 million in Continue Research by October 2025, with the aim of exploring technological avenues to extend human lifespan. As the co-founder of LAT Aerospace and an investor in several health technology firms, Goyal's strategic vision is clearly focused on sports performance and health technology.