Temple Startup Raises $54 Million in Funding Round

Temple, a newly established startup by Deepinder Goyal, has successfully secured $54 million during its inaugural funding round, primarily from investors who are friends and family. This update was shared by Goyal on X. The funding round has led to a post-money valuation for Temple of around $190 million. Goyal mentioned that among the investors are friends from his entrepreneurial journey and early supporters of Zomato who showed readiness to invest in this new venture irrespective of its potential public offering.

Significantly, over 30 employees from Temple have also opted to invest their personal capital in this round, matching the valuation of outside investors. Goyal clarified in his announcement that these investments were made at the same terms as others, without any discount.

About Temple

Temple is a startup that has been privately launched by Goyal following the public listing of Zomato. The company is presently operating in a stealth mode. Goyal has expressed that Temple is a long-term initiative and operates independently from Zomato’s main food delivery and quick commerce divisions.

Recent Developments Connected to Goyal

This funding news arrives soon after Deepinder Goyal resigned from his role as Group CEO of Zomato’s parent company, Eternal. Just earlier this week, his other venture, LAT Aerospace, completed the acquisition of Gurugram’s defence robotics startup, Sharang Shakti, although the financial details of that transaction were not disclosed.

This situation is ongoing, and further updates will be provided as they emerge.