Deepinder Goyal’s Temple Picks Zetwerk, Ethereal Machines For Manufacturing: Report

Shortly after shipping out its first 100 introductory products, Deepinder Goyal’s new wearable venture Temple is said to have roped in Zetwerks and Ethereal Machines as contract manufacturers to scale production. 

As per a Moneycontrol report, Temple is conducting the primary manufacturing in-house and will pass on some portions of the process like precision manufacturing to Ethereal Machines while Zetwerk will handle the manufacturing scale-up. 

The startup is also said to be planning on manufacturing a few thousand units in-house initially. It will target to ship the initial products both domestically and internationally, including the US and other global regions.

Inc42 has reached out to Temple for comments on the development. The story will be updated based on their response. 

To note, the wearable startup claims to have just shipped out its first 100 products. “Just crossed 100K applications for the 100 introductory Temple devices. To the 100 who get one: you’re the founding cohort. We’ll be grateful for what you teach us,” Goyal said in a post on X on May 13. 

Founded by Eternal founder Goyal last year, Temple is expected to be selling wearable devices that monitor brain health by measuring the blood flow to the brain. The device is being built on Goyal’s biological research initiative Continue Research’s first hypothesis – Gravity Ageing. As per the hypothesis, gravity’s lifelong pull on blood circulation to the brain, Cerebral Blood Flow (CBF), may be a key reason behind the ageing of humans. 

Temple raised around ₹493 Cr from investors like Nikhil and Nithin Kamath,  Zomato backers such as Steadview Capital, Peak XV Partners, among others in February. Back then, Goyal mentioned that the startup raised $54 Mn at a post-money valuation of about $190 Mn. 

The development comes on the back of the Indian health wearable segment witnessing a boom with emergence of several new products. While health monitoring watches gained prominence post pandemic, startups like Ultrahuman, Gabit, Noise, and FITTR are betting on health monitoring smart rings as the next evolution of wearables. 

India’s medical wearable market is expected to grow at a CAGR of 14.9% by 2034, anticipating a total market size of $4.4 Bn.

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