WeGoT utility services, which is an Internet of Things based water management solutions provider, has now secured $2 million in the seed funding round, led by the existing investors like the Bangalore based realty company Bridge Enterprises, Technology firm Gofrugal Technologies and iThought Financial Consulting Founder Shyam Shekhar.
The round also saw the participation of the individual investors from the real estate sector, the startup revealed.
The startup, as of now, will be going to use the funds for strengthening its product portfolio, increasing its employee base, geographical expansion, and R&D.
“Water conservation will be a major issue in the coming years, and we have an immense growth opportunity by helping design more water-efficient buildings. Our vision is to change the way people and buildings use water by implementing our smart water management solution across a million houses and save 10 billion liters of water in the next two years,” said Abhilash Haridass, co-founder, WeGoT Utility Services.