WEGoT, an IoT-based startup raises $1.5 million

WEGoT, an IoT-based start-up delivering water management solutions, today announced a round of strategic funding of $1.5 million. The strategic round was led by GRUHAS Proptech (promoted by Abhijeet Pai of Puzzolana Group and Nikhil Kamath of Zerodha), Rahul Talwar - DLF Family Office, Harshad Reddy - Apollo Hospitals Family.

The round also saw participation from WEGoT’s existing investors like HDFC Capital Advisory Ltd and the promoters and CEO of Prestige Group.

“Our IoT based water management has paved the way for managing and mitigating the growing crisis. Measured usage drives the awareness and has garnered the attention of multiple stakeholders in this eco-system and it is gratifying to see inbound interest, both domestic and overseas, from developers and utilities,” said Vijay Krishna, CTO and Co-Founder of WEGoT.

With the funds, the company aims to strengthen its squad, expand its footprint Pan-India, and enhance existing product capabilities. The company is looking to grow its team by recruiting across all functions to deliver this critical urban intervention at scale.