{"id":7798,"date":"2021-12-09T19:56:32","date_gmt":"2021-12-09T14:26:32","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-wegot-fund\/"},"modified":"2021-12-10T10:00:29","modified_gmt":"2021-12-10T04:30:29","slug":"biz-wegot-fund","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-wegot-fund\/","title":{"rendered":"WEGoT raises USD 1.5 million in realty and existing investors"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2639558512\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>        Chennai, Dec 9 (PTI) WEGoT,  an Internet of Things based water management solutions provider, has raised USD 1.50 million towards its vision to strengthen its footprint in the country and enhance existing product capabilities, the company said on Thursday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-437879152\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>        The strategic funding was led by GRUHAS Proptech (promoted by Abhijeet Pai of Puzzolana Group and Nikhil Kamath of Zerodha), Rahul Talwar-DLF Family Office, Harshad Reddy  &#8211; Apollo Hospitals family.<\/p>\n<p>        The round also saw participation from WEGoT&#8217;s existing investors like HDFC Capital Advisory Ltd and the promoters and CEO of Prestige Group.<\/p>\n<p>        &#8220;With the fundraise, WEGoT 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&#8221;, the city-based company said in a statement.<\/p><div class=\"trade-content_5\" id=\"trade-2490772243\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>        WEGoT said it has successfully implemented over one lakh smart devices across 30,000 homes and over 40 million square foot of commercial real estate and has the visibility to scale to 10 lakh devices over the next 12 months.<\/p>\n<p>        &#8220;We are extremely fortunate to have raised capital from such industry leaders, who believe and support our vision for WEGoT&#8230;we are now poised for non-linear growth by delivering our solution in cities across India and substantially reducing their demand for water&#8221;, WEGoT Utility Solutions Co-founder Abilash Haridass said.<\/p>\n<p>        WEGoT Co-founder and CTO Vijay Krishna said, &#8220;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 ecosystem..with this fundraise, we will scale our tech stack that will help to further decrease the demand for water in buildings&#8221;.<\/p>\n<p>        Abhijeet Pai of Gruhas Proptech said, &#8220;..we are pleased to partner with WEGoT in their growth phase and happy to support them in their vision to conserve water using technology&#8221;. PTI VIJ BN   BN<\/p>\n<div class=\"trade-after-content\" id=\"trade-3445064346\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Chennai, Dec 9 (PTI) WEGoT, an Internet of Things based water management solutions provider, has raised USD 1.50 million towards its vision to strengthen its footprint in the country and enhance existing product capabilities, the company said on Thursday. The strategic funding was led by GRUHAS Proptech (promoted by Abhijeet Pai of Puzzolana Group and [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-7798","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WEGoT raises USD 1.5 million in realty and existing investors - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-wegot-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WEGoT raises USD 1.5 million in realty and existing investors\" \/>\n<meta property=\"og:description\" content=\"Chennai, Dec 9 (PTI) WEGoT, an Internet of Things based water management solutions provider, has raised USD 1.50 million towards its vision to strengthen its footprint in the country and enhance existing product capabilities, the company said on Thursday. 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