Angel Investments
Water mgmt startup WEGoT raises $1.5 M from Gruhas Proptech, others
Chennai-based WEGoT Utility Solutions, an integrated water management solutions provider, has raised USD 1.5 million in a pre-series A round led by Gruhas Proptech (promoted by Puzzolana Group's Abhijeet Pai and Zerodha co-founder Nikhil Kamath), Rahul Talwar from DLF Family Office, and Harshad Reddy of Apollo Hospitals Family. The round also saw participation from WEGoT's existing investors HDFC Capital Advisory and the promoters and CEO of Prestige Group. Founded in 2015, WEGoT's IoT sensors help people in residential as well as commercial properties conserve water by regulating its flow, detect leaks by monitoring the usage in real time and by sending instant alerts of water wastage to users. It will use the funds to expand its presence in the West and the North, strengthen its technology stack and enhance the existing product capabilities to build globally-acceptable products.
From the Venture Intelligence VC & Angel Investments Database: In Oct-19, WEGoT raised funds from Kumar Vembu (Founder of GoFrugal), Promod Kumar, Joydeep Ponugoti, Vibhu Natarajan, Rajagopal Subramanian, Shyam Sekhar, and others. HDFC Ventures had invested about $3 million in the company in Sep-19 and Jan-21.
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