Deepinder Goyal Returns to the Startup Scene with $54 Million Raise for Clothing Startup Temple
Following his departure as CEO of Zomato and its parent firm Eternal, Indian business mogul Deepinder Goyal is back in the limelight with a $54 million raise for his new venture, the clothing startup Temple. This new endeavour, as Goyal has previously mentioned, is a part of his shift towards “higher-risk exploration and experimentation.”
Goyal Leads the Funding Round
On Friday, Goyal revealed that more than 30 employees had also participated in the same investment round. Leading the funding is Goyal himself, followed by Steadview Capital. Other investors include Peak, as per the regulatory filings reviewed by TechCrunch.
Goyal’s decision to step down as the chief executive of Zomato and its parent company, Eternal, in January marked a significant transition. The role was handed over to Albinder Dhindsa, the head of the fast commerce unit Blinkit. Goyal had been at the helm of Zomato, the food delivery company he co-founded in 2008, for almost two decades.
Temple: A New Venture in High-Performance Wearable Tech
Temple, Goyal’s latest venture, is focused on creating a high-performance wearable device for elite athletes. Goyal believes this sector is ripe for further technological innovation.
In a January conversation with podcaster Raj Shamani, Goyal described Temple’s wearable as a sensor designed to be placed on the wearer’s temple, which would continuously track cerebral blood flow. He further stated that Temple aims to build “the ultimate wearable for elite performance athletes,” measuring metrics that existing wearables cannot.
With an ambitious vision, the startup is also on a broad recruitment drive, seeking talent in the areas of embedded systems, computational neuroscience and brain-computer interface engineering.
Entering an Increasingly Crowded Market
The wearable tech market, where Temple is setting foot, is already crowded with well-funded companies like Whoop, Oura, and Garmin. These companies have spent years perfecting devices that track sleep, recovery, and sports performance. Whether Temple can differentiate its technology in this competitive market remains to be seen.
Goyal’s Other Investments
Goyal’s investment in Temple is part of a broader shift in his investment focus. In October 2025, he invested $25 million of his personal capital into Continue Research, a company exploring ways to extend human lifespan. He is also a co-founder of LAT Aerospace, an aerospace start-up that has recently ventured into defense technologies with the acquisition of Sharang Shakti.
Goyal made his mark in the business world at Zomato, which he co-founded with Pankaj Chaddah. He guided the company to become one of India’s largest food delivery platforms before stepping down as CEO. Chaddah left the company in 2018, but Zomato continued to grow, acquiring Uber Eats’ Indian business in 2020 and the grocery delivery platform Blinkit for $568 million in 2022.
Prior to Temple, Goyal had also shown interest in health and fitness startups, backing Ultrahuman, an Indian wearable maker that competes with Oura’s smart ring.
Despite the buzz, Goyal declined to comment further on Temple.
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