Deepinder Goyal’s Startup ‘Temple’ Nearly Doubles Valuation
Deepinder Goyal’s Temple nearly doubles its valuation to $375 million as the wearable health tech startup prepares for launch.
Deepinder Goyal
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Wearable technology startup the ‘Temple’ founded by Zomato cofounder Deepinder Goyal has nearly doubled its valuation to USD 375 million, in less than six months after raising its seed funding.
Temple has also introduced its first employee stock ownership plan (ESOP) liquidity programme, allowing a section of its early employees to monetize part of their vested stock options before its next fundraising round. The latest secondary transaction values Temple at USD 375 million, almost twice the USD 190 million valuation at which it raised USD 54 million in seed funding earlier this year.
In an internal note to employees, Goyal said the company is witnessing strong investor interest at a valuation of nearly USD 500 million, but decided to offer employees an opportunity to realize part of the value created before completing its next funding round. He noted that the programme is intended to ensure that employees benefit from the company’s progress as it enters its next phase of growth.
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Temple is currently working on a wearable gadget for the forehead to track the body’s metabolic state in real time. The gadget, according to the manufacturer, measures “Entropy,” a metric meant to reveal information about a person’s physiological and metabolic state. It is available through an early access programme and is expected to be commercially launched within the next year.
Temple has collaborated with Ethereal Machines and Zetwerk to manufacture its wearable with the goal to support production ahead to the launch. According to reports, the initial wearable may cost about INR 80,000. The company intends to place the product in the premium health technology market. The company uses real-time biometric analytics to target customers looking for preventive wellness solutions and enhanced health monitoring.
Regulatory filings indicate that Deepinder Goyal owns about 28% of the company, while employees collectively hold around 10% through ESOPs.
According to Entrackr, Indian startups have collectively facilitated more than USD 270 million worth of ESOP buybacks in 2026, with companies including BrowserStack, Innovaccer, Unacademy, Cashfree Payments, Plum and CoinDCX introducing similar programmes.
Wearable technology startup the ‘Temple’ founded by Zomato cofounder Deepinder Goyal has nearly doubled its valuation to USD 375 million, in less than six months after raising its seed funding.
Temple has also introduced its first employee stock ownership plan (ESOP) liquidity programme, allowing a section of its early employees to monetize part of their vested stock options before its next fundraising round. The latest secondary transaction values Temple at USD 375 million, almost twice the USD 190 million valuation at which it raised USD 54 million in seed funding earlier this year.
In an internal note to employees, Goyal said the company is witnessing strong investor interest at a valuation of nearly USD 500 million, but decided to offer employees an opportunity to realize part of the value created before completing its next funding round. He noted that the programme is intended to ensure that employees benefit from the company’s progress as it enters its next phase of growth.
Entrepreneur Staff • Editor
Entrepreneur Staff
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