India, July 28 -- Temple Hits $375 Mn Valuation

Temple is riding a valuation surge. Deepinder Goyal's wearable startup is undertaking its first ESOP buyback programme at a valuation of $375 Mn, nearly double its valuation from four months ago. With investor interest running even higher, the liquidity event comes at the perfect time.

Unlocking The Value: The valuation bump arrives as external investors are looking to enter the startup's cap table at an even higher $500 Mn valuation. By allowing nearly 20 employees to sell up to 25% of their vested ESOPs at a $375 Mn valuation now, the startup is effectively giving them a chance to cash in before a fresh infusion pushes the valuation again.

A Well-Timed Strategy? The timing also suggests...