Zomato founder’s brain wearable is (almost) here
The device tracks blood flow and oxygenation inside the brain. Deepinder Goyal, however, has not revealed its pricing yet.
Happy weekend!
The festive season is here and so are the online sales. Ecommerce company Meesho expects to create over 10 lakh seasonal job opportunities across its seller and logistics ecosystem to meet the surge in demand during the holiday season.
It plans to add approximately 6.5 lakh jobs across its seller network and about 3.75 lakh roles across its logistics operations, the Press Trust of India reports.
ICYMI: Although homegrown burger brands are growing, global giants McDonald's and Burger King account for over 60% of the burger outlets in India. The CapTable explores India’s appetite for burgers.
In other news, Nobel Hygiene has filed its draft red herring prospectus for an initial public offering to raise fresh capital of Rs 150 crore. The company plans to use these funds to expand production capacity at its Halol facility and repay existing bank debt.
The public issue consists of a fresh issue of up to Rs 150 crore of equity shares of face value Rs 2 each and an offer for sale of up to 1.55 crore equity shares.
Lastly, India’s worsening water stress is compelling communities to look back for solutions. One approach is the revival of ancient water structures. A group of non-profits, for example, restored the 200-year-old stepwell Moosi Rani Sagar in Rajasthan.
In today’s newsletter, we will talk about
- Goyal’s brain-monitoring device Temple nears launch
- Atomberg files draft IPO papers
Here’s your trivia for today: What is the name of the eon we are living in? (Scroll down for answer)
Wearables
Goyal unveils brain-monitoring device Temple
Zomato founder and Eternal Vice-Chairman Deepinder Goyal said that pre-orders will soon open for Temple, a wearable brain-monitoring device. Now reduced to less than half its original volume, the device is currently the smallest and most powerful wearable on the market, he said.
Into the future
- Goyal said the device will be shipped before the end of 2026 as part of the limited launch edition and asked interested users to join Temple's mailing list for updates.
- The device tracks blood flow and oxygenation inside the brain. Goyal, however, has not revealed its pricing yet.
- Temple, founded by Deepinder Goyal, has raised $54 million in its first funding round through friends and family investors at a valuation of approximately $190 million.
<Top Funding of the Week>
Startup: Navi Limited
Amount: $100M
Round: Undisclosed
Startup: CtrlS
Amount: Rs 250 Cr
Round: Undisclosed
Startup: NeoGeoInfo Technologies
Amount: $20M
Round: Series A
News
Atomberg files draft IPO papers
Consumer appliance manufacturer Atomberg Technologies Limited has filed its Draft Red Herring Prospectus with SEBI for its initial public offering. The offer includes a fresh issue of shares worth up to Rs 450 crore alongside an offer for sale of over 7.65 crore shares by existing investors, including A91 Emerging Fund, V-Sciences Investments, Inflexor, and Steadview Capital.
Key takeaways:
- Atomberg builds consumer appliances including ceiling fans, mixer grinders, water purifiers, and cold-pressed juicers for Indian households.
- The IIT Bombay-incubated company was founded by Manoj Meena in 2012. Sibabrata Das joined as co-founder in 2013.
- Atomberg's revenue from operations was Rs 1293.77 crore in FY2026, with a loss of Rs 149 crore.
News & updates
- Gains: The world’s largest cryptocurrency Bitcoin was on track for a weekly gain of around 23% Friday, following a spate of positive developments. Bitcoin was last at $77,226.96, up from $62,836.88 at the start of the week.
- Space dreams: Prime Minister Narendra Modi has assured the full support of the government to young space entrepreneurs and urged them to explore how space technology can be used in agriculture, livestock management, dairy, environment, and other areas that affect people's everyday lives.
What is the name of the eon we are living in?
Answer: Phanerozoic Eon.
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