Temple, the wearable startup founded by Deepinder Goyal, has reached a valuation of $375 million as it launches its first ESOP buyback programme. The move allows nearly 20 employees to sell up to 25% of their vested ESOPs at this valuation, nearly double the company's worth from four months ago, according to inc42.com.
The buyback is designed to provide liquidity to employees ahead of a potential fresh funding round that could value Temple at $500 million. By enabling this internal liquidity event, the startup aims to boost employee morale and retention while capitalizing on heightened investor interest. Partnerships with manufacturing firms like Zetwerk indicate preparations for scaling up operations.
Temple operates at the intersection of consumer wearables, preventive healthcare, and longevity, sectors that have attracted significant attention recently. Deepinder Goyal’s reputation as the founder of a major Indian startup adds to Temple’s prominence. The valuation surge and strategic buyback reflect growing investor confidence and position Temple among the closely watched ventures in the health-tech space.
The ESOP buyback programme currently underway involves nearly 20 employees selling portions of their vested shares at the $375 million valuation, setting the stage for a potential funding round targeting a $500 million valuation, inc42.com reported.