Deepinder Goyal's New Venture Temple Secures USD 54 Mn at USD 190 Mn Valuation More than 30 Temple employees also invested personal funds at the same valuation as external investors.
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A new startup named Temple, launched by Deepinder Goyal, has raised USD 54 million in its first funding round from friends and family investors.
In a post on X, Goyal said the round gives the company a post-money valuation of around USD 190 million.
He noted that participants include founder friends and early supporters of Zomato who were willing to back the venture regardless of whether it eventually goes public.
Regulatory filings with the Ministry of Corporate Affairs show Temple's board approved the issuance of 234,799 compulsorily convertible preference shares at INR 21,000 each, raising roughly INR 493 crore.
Goyal will lead the investment with INR 104.07 crore, followed by Steadview Capital with INR 90.49 crore. Other key investors include Dharana Fund (INR 49.77 crore), Peak XV Partners (INR 54.30 crore), and Aaroh Fund (INR 18.10 crore).
More than 30 Temple employees also invested personal funds at the same valuation as external investors. Goyal said these investments were made without any discount.
Temple was launched after Zomato's listing and is currently operating in stealth mode. Goyal has described it as a long-term venture that is separate from Zomato's food delivery and quick commerce businesses.
The development comes soon after Goyal stepped down as Group CEO of Eternal. Earlier this week, his other venture, LAT Aerospace, acquired Gurugram-based defence robotics startup Sharang Shakti.
