A start-up company from Chennai has got a new idea to measure the amount of water used and can be displayed on the phone using IoT. The company has raised Two Million U.S. Dollars during the series-A funding, according to the co-founder of WEGot, the co-founder of this innovative start-up. The Series A- funding was led by GoFrugal, iThought and Brigade Enterprises. Vishnu Natarajan, director at Grotech Landscapes; Rajagopal S from Entrust, Joydeep Ponugoti from Manbhum Constructions and Promod Kumar, are some of the other investors who are industry experts in real estate technology and consumer industries.
In the next six months, the company is planning to double the employee base, to increase consumer support, increasing the consumer base and to reach the maximum part of the country.
The end-users will be provided with the granular data collected with additional information like TDS of the water and the overall usage done during the day. The company plans to leverage the sensor-based technology of IoT (Internet of Things) to help in decreasing water usage by almost 50% of the previous usage encountered. The whole solution package is coming with a monthly subscription of INR 149 or 20 paise per square feet, excluding the installation charges.
The WEGot is currently servicing its IoT device and services to 25000 residents and the management of commercial water planning on 20 million square feet. The company is planning to make advancements in the mobile app to increase the user-interactive data and the wellbeing programs to increase the awareness of the users to optimize the use of water.