Temple Secures $54 Million in Funding to Innovate Health-Tech Wearables

Temple, a health-tech startup co-founded by Deepinder Goyal, has raised $54 million in its first funding round, valuing the company at $190 million. The investment, primarily from friends and early Zomato backers, aims to develop innovative wearable devices that track unique health metrics. As Temple gears up for development, industry experts are eager to see how it will compete with established players in the market. With a focus on athletic performance and brain metrics, Temple is set to make waves in the health-tech sector.

By Narendra Chaudhary Feb 28, 2026, 12:35 IST

Temple's Successful Funding Round

In a significant boost for India's health-tech and wearable technology sector, Deepinder Goyal's latest initiative, Temple, has successfully secured $54 million in its inaugural funding round, as announced on Friday. This funding round was primarily backed by a network of friends and family, including fellow founders and early investors from Zomato, valuing the startup at approximately $190 million (around Rs 1,700 crore) post-money.

Temple, co-founded by Goyal, who is renowned for establishing the food delivery service Zomato, is developing an advanced wearable device designed to monitor health metrics that current products do not address. Reports indicate that the company is particularly concentrating on athletic performance and brain-related metrics such as cerebral blood flow, although specific product details are still being finalized.

In his announcement on social media, Goyal expressed gratitude towards the investors, all of whom are either friends from his founding days or early supporters of his previous ventures, emphasizing their backing even if Temple does not reach the market. Notably, over 30 employees from Temple participated in this funding round at the same valuation, a move Goyal described as a strong indicator of internal confidence.

Having stepped down as CEO of Eternal, the parent company of Zomato and Blinkit, Goyal is now focusing on high-risk, experimental tech startups like Temple. This funding round is particularly significant as it occurs during a period when major global wearable companies are increasingly investing in bio-monitoring capabilities, reflecting a growing interest among Indian investors in health-tech wearables and specialized hardware products. Temple is actively hiring for various roles, including Analogue Systems Engineers and Computational Neuroscientists. As Temple accelerates its development, industry experts will be watching closely to see how it competes with established brands and how quickly its technology transitions from the lab to consumer markets.