New Delhi, March 2 -- Temple, a new wearable startup founded by Deepinder Goyal, has raised Rs.493 Cr at a post-money valuation of Rs.1,700 Cr.

The round values Temple at a post-money valuation of about Rs.1,700 crore ($187 million). The capital came largely from founder friends, family offices and early backers from Goyal's Zomato journey, including Steadview Capital and Peak XV Partners. Goyal himself is investing over Rs.100 crore and will hold a 29% stake post-funding.

After reports of the round surfaced, Goyal confirmed the fundraise publicly, saying Temple raised $54 million at a post-money valuation of around $190 million.

In a market obsessed with velocity and scale, Temple's round reads differently. This is capital aligned to ...