#MCTech3 | Deepinder Goyal's Temple gets investor blessings; Govt dials down on Sanchar Saathi; and more

One quick thing: Meesho’s anchor book sees 32x demand, draws Rs 80,000 crore worth of bids; SBI MF, Tiger Global and BlackRock among investors

In today’s newsletter: 

• Deepinder Goyal's Temple gets investors' blessing
• Govt dials down Sanchar Saathi after privacy backlash 
• Groww dominates new SIP registrations in October

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Deepinder Goyal's Temple gets investors' blessing

Another week, another Deepinder Goyal project taking shape. Tell me more: Deepinder Goyal, founder of Eternal (formerly Zomato), is lining up a $50 million funding round for Temple, his wearables startup, we were told. 

• A $50 million Seed round for a startup, just over 12 months old, will be one of the largest that the ecosystem has seen in recent years

Who’s blessing the venture: Steadview Capital, Vy Capital, Info Edge and Peak XV Partners (formerly Sequoia Capital India) are the institutional investors in talks to invest.

Interestingly, these are the same funds that backed Goyal when Zomato was starting off.

• Goyal, Temple employees and a clutch of other Indian founders will also be investing in the company as part of this round
• Temple is valued at $125-130 million 

What does Temple do?: Temple makes experimental devices, a patch of sorts that sticks to a person’s temple. 

• It calculates brain flow on a real-time and continuous basis

Temple is Goyal’s latest health-tech venture and his second after Continue, which researches longevity and will continue to be solely funded by Goyal himself.

• Goyal also runs Eternal and LAT Aerospace, in addition to Temple and Continue. All four ventures are unrelated to one another

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