Temple Secures $54 Million Seed Funding At $190 Million Valuation Led By Deepinder Goyal

Temple, a neurotechnology wearables startup based in New Delhi, raised $54 million in seed funding at a post-money valuation of about $190 million. The funding round was led by founder Deepinder Goyal, with participation from various investors including Steadview Capital, Peak XV Partners, Info Edge Ventures, Vy Capital, Dharana Fund, and several angel investors.

Summary of transaction details:

• Deal Type: Seed
• Transaction Amount: $54,000,000
• Valuation: $190,000,000
• Headquarters: New Delhi, India
• Founder: Deepinder Goyal
• Notable Investors: Steadview Capital, Peak XV Partners, Info Edge Ventures, Vy Capital, Dharana Fund, Vijay Shekhar Sharma, Kunal Shah, Nithin Kamath, Nikhil Kamath, Akshant Goyal, Aditya Mangla, Kunal Swarup, Akriti Chopra, Rahul Ganjoo

Temple plans to utilize the proceeds from this funding to scale its operations and accelerate the development of its precision neuro-wearable patch. This patch is designed to monitor real-time cerebral blood flow and oxygenation specifically for elite athletes. The involvement of prominent angel investors highlights the interest and confidence in the company's technology and market potential.