Business | Markets

Zomato founder raises $54 million for new wearables startup

Temple is a wearable technology company that describes itself as focused on elite performance and precision monitoring. In a recent hiring post on X, Goyal stated that the core product is a performance-tracking wearable aimed at athletes

By Admin User

Jul 1, 2026 - 1 min read

Deepinder Goyal, the founder of India-based food delivery company Zomato, has raised $54 million in an initial funding round for his new wearable technology startup, Temple, at a post-money valuation of approximately $190 million.

Goyal said in a social media post that the funding round was structured as a "friends-and-family" raise, with capital coming primarily from founder peers and early-stage investors in his network. He also noted that more than 30 Temple employees invested their own money at the same valuation, with no discount.

<div>According to a report by Economic Times, regulatory filings show that investors in the round include Peak XV Partners, Steadview Capital, Dharana Capital, Info Edge Ventures, and more than 80 individual backers.</div><div><br></div><div>Goyal stepped down as CEO of Eternal, the parent company of Zomato and Blinkit, in February and moved into a vice-chairman role, as per the ET report. In a social media post, he said he is focusing on ventures that involve "higher-risk exploration and experimentation," including Temple.</div>