Temple, a wearable firm founded by Deepinder Goyal, has raised $54 million from Steadview, Peak XV, and other sources
Deepinder Goyal’s Startup Temple Raises $54 Million in Seed Funding
Startup Temple, founded by Deepinder Goyal, has raised $54 million (about ₹493 crore) in seed funding, valuing the company at $190 million (around ₹1,700 crore) after the transaction.
According to regulatory filings with the Registrar of Companies, the funding round saw participation from Peak XV Partners, Steadview Capital, Dharana Capital, and Info Edge Ventures, along with more than 80 individual investors.
In a post on X, Goyal said many investors were founder friends or early investors in Zomato who wanted to back the venture regardless of whether the product eventually reaches the market. He added that over 30 Temple employees also invested in the round at the same valuation, without any discount.
Notable individual investors include Kunal Shah of Cred, Vijay Shekhar Sharma of Paytm, Nithin Kamath and Nikhil Kamath from Zerodha, Varun Alagh of Mamaearth, Vikram Chopra of Cars24, Raj Shamani, and Abhiraj Singh Bhal of Urban Company.
Several current and former executives of Eternal also participated in the round, including chief financial officer Akshant Goyal, district head Rahul Ganjoo, food delivery CEO Aditya Mangla, and the family office of former chief people officer Akriti Chopra.
Goyal himself invested ₹104 crore, accounting for 21% of the total funding, and now holds 28.5% stake in the company.
Earlier this year, Goyal stepped down as CEO of Eternal, with Albinder Dhindsa taking over the role from February 1. Goyal transitioned to the position of vice chairman and said he plans to focus on new ventures in longevity and aerospace.
Temple emerged from the research work at Continue, another initiative backed by Goyal with $25 million of his own capital. The startup is developing a non-invasive wearable device worn on the temples that measures cerebral blood flow in the brain.
The technology is based on a hypothesis being explored by Continue that gravity may influence human ageing, as cerebral blood flow naturally declines over time—potentially dropping 0.7% annually, resulting in a 20–40% decline between the ages of 20 and 80. According to the research, reduced cerebral blood flow may significantly increase health risks.
On Friday, Goyal also announced a major hiring drive for Temple, which is building a performance-tracking wearable device aimed at elite athletes. The device is expected to measure metrics with a level of precision not currently available in existing wearables.
The startup is hiring across multiple roles, including electronics design engineers, embedded systems engineers, sensor algorithm specialists, deep learning experts, computational neuroscientists, computer vision engineers and neuroimaging ML engineers. It is also looking for product managers capable of independently handling design workflows using tools such as Figma.
