Weeks after stepping down as Group CEO of Zomato and its dad or mum Everlasting, Deepinder Goyal has returned to the startup enviornment with a brand new wager on wearable know-how.

Goyal’s newest enterprise, Temple, has raised $54 million in a friends-and-family spherical at a post-money valuation of about $190 million.

In a submit on X, he stated the spherical drew participation from founder buddies and early backers of Zomato who had been keen to assist the enterprise regardless of whether or not it will definitely goes public.

Greater than 30 Temple workers additionally invested their private capital within the spherical on the identical valuation as exterior buyers, with none low cost.

In line with regulatory filings with the Ministry of Company Affairs, Temple’s board authorised the issuance of 234,799 compulsorily convertible cumulative desire shares at a problem value of Rs 21,000 every, aggregating to roughly Rs 493 crore.

The filings present that Goyal is main the spherical with an funding of Rs 104.07 crore. Steadview Capital has dedicated Rs 90.49 crore. Different buyers embrace Peak XV Companions at Rs 54.30 crore, Dharana Fund at Rs 49.77 crore and Aaroh Fund at Rs 18.10 crore.

The spherical additionally consists of participation from InfoEdge Ventures and Dharana Capital, alongside a number of angel buyers reminiscent of Vijay Shekhar Sharma of Paytm, Kunal Shah of CRED, and Nithin Kamath and Nikhil Kamath of Zerodha, in addition to present and former Everlasting executives together with Akshant Goyal, Aditya Mangla, Kunal Swarup, Akriti Chopra and Rahul Ganjoo.

Temple is presently working in stealth mode. Goyal has described it as a long-term enterprise that’s separate from Zomato’s meals supply and fast commerce companies.

The startup is hiring throughout embedded programs, computational neuroscience and brain-computer interface engineering, signalling a push into deep-tech {hardware} and neurotechnology.