Deepinder Goyal, the former CEO of Zomato, has launched a new startup called Temple, which recently secured $54 million in its initial funding round. The investment was led by Goyal and included contributions from friends, family, and early Zomato supporters, placing Temple at a post-money valuation of about $190 million.
The funding round involved the issuance of 234,799 TCCPS shares at Rs 21,000 each, aiming to raise approximately Rs 493 crore. Notable investors besides Goyal are Steadview Capital, Dharana Fund, Peak XV Partners, and Aaroh Fund.
Interestingly, over 30 Temple employees also participated in the funding, investing at the same valuation as external backers. Goyal emphasized that Temple operates separately from Zomato’s core businesses and is currently in stealth mode.
Goyal’s recent moves, including stepping down as Zomato’s Group CEO and acquiring Sharang Shakti through LAT Aerospace, indicate a shift in his entrepreneurial focus. Temple’s entry into the startup scene adds another venture to Goyal’s portfolio.
Source: Entrackr : Latest Posts