# WEGOT Utility Solutions Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wegot-utility-solutions-pvt

- Industry: Environmental Services
- Headquarters: Chennai, India
- Website: www.wegot.in
- Total disclosed funding: $2.9M
- Latest round: Seed (Dec 1, 2021)
- Investors on record: 3

## About

WEGOT Utility Solutions Pvt Ltd is an innovative company specializing in advanced water management solutions through IoT technology, providing high-precision ultrasonic sensors and comprehensive applications for efficient water usage monitoring.Founded in 2015 and headquartered in Chennai, India, WEGOT Utility Solutions Pvt Ltd focuses on water management solutions. The company has conducted five deals, with the most recent deal occurring on December 1, 2021. WEGOT raised INR 127.30 million in Seed funding, led by Gruhas Proptech, with participation from HDFC Capital Advisors and Prestige Group. The company was established by founders Abilash Haridass and Vijay Krishna, with Abilash Haridass also serving as the CEO. The latest funding round brought the total amount raised to INR 127.30 million, with a current company valuation of INR 2155.626 million.WEGoT aqua specializes in advanced water management solutions with high-precision IoT-enabled ultrasonic sensors and mobile and desktop applications. Their sensors accurately measure water usage across a building's infrastructure, relaying data for analytics and real-time insights. The primary users include residential properties, commercial complexes, and industrial buildings in India, aiming to address water leakage, wastage, and consumption monitoring, thereby promoting sustainable practices.For the year 2023, WEGOT aqua reported a revenue of INR 1,783,024.60 with an EBITDA of INR -606,305.30, reflecting their operational performance during that period.In December 2021, WEGOT Utility Solutions Pvt Ltd secured INR 127.30 million in Seed funding, which will be utilized to deploy 1 million water management devices throughout 2022. The company plans to expand its product offerings and reach new markets, focusing on enhancing water conservation efforts in urban areas significantly affected by water scarcity.

## Funding rounds

- Seed, Dec 1, 2021, $1.7M — HDFC Capital Advisors, Prestige Group, Gruhas Proptech
- Seed, Jan 17, 2021, $1.2M — HDFC Capital Advisors, Gruhas Proptech

## Investors

- HDFC Capital Advisors — Seed
- Gruhas Proptech (https://capitalatlas.ai/funds/gruhas-proptech) — Seed
- Prestige Group — Seed