Zomato founder Deepinder Goyal was recently seen wearing a small device on the side of his forehead. A clip from a podcast went viral. Actually, Goyal’s healthtech startup Temple is now preparing to launch its first wearable device. According to reports, the company can keep the price of this device at around Rs 75,000 to 80,000. Along with this, Temple is trying to achieve a valuation of about $ 500 million (about Rs 4,300 crore) in the new funding round.
It is noteworthy that Temple was started this year and in February the company had raised funding of about $ 54 million. At that time the valuation of the company was around 190 million dollars. Now if the new funding round is completed at $500 million, the company’s valuation will more than double in a few months.
Temple’s first product mango smartwatch Or it will not be like a smart ring. According to reports, it will be a small pebble shaped wearable, which will be pasted on the side of the forehead i.e. the temple area. The company claims that signals received from this part of the body can provide more useful health data than those from the wrist or finger.
What will this device do?
It is being told that this wearable will measure signals related to blood flow in the body. This can help the user understand how their body is responding to sleep, exercise, food and stress. The company’s focus is not just on heart rate monitors, but on better understanding the body’s recovery, metabolism and overall health.
Why such a high price?
Many people may be surprised to hear the price of around Rs 80 thousand. But Temple is not bringing it to the common people initially. The target of the company is those people who are ready to spend more on their health.
Also read: Two new Whoop Bands have arrived, got ECG feature and 14 days battery backup, this is the price
These may include athletes, business leaders, doctors and health awareness professionals. According to reports, at this price, Temple’s software can be given along with the device with lifetime validity. However, health tracking devices of this category come with monthly and yearly subscription.
Can give competition to Apple Watch and WHOOP?
Today, brands like Apple Watch, Garmin, Oura Ring and WHOOP are already present in the health wearable market. Temple is choosing a different path than all these. While most devices take data from the wrist or finger, Temple is betting on reading body signals from the forehead.
If the company’s claims prove to be true, then this could prove to be a new experiment in the world of health tracking. However, till now the company has not made public the complete information about the clinical data or scientific testing of this technology.
At present, Temple has not announced the launch date, but according to reports, the company may soon launch its first premium wearable in the market. If this happens, it will be one of the most expensive health wearable devices in India.
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