WEGoT, a next-gen IoT-based startup offering integrated water management solutions in real-time to prevent and address the water crisis, Hasannounced the closing of $2mn seed funding. GoFrugal, Shyam Shekar from iThought, and Brigade Enterprises Ltd. led the round.

This capital infusion will be used predominantly to strengthen its IoT enabled product portfolio, scale its presence in India. The company also plans to invest in recruitment and hopes to double its employee base in the next 6-months for R&D and Sales and Marketing.

WeGot aims to support the adoption of sustainable water use practices at residential and commercial properties using technology. WEGoT’s sensor-based Internet of Things (IoT) device and a software platform VenAqua, helps to reduce the demand for water by more than 50 percent by tracking real time flow. The granular data collected from various installations across residential and commercial buildings are analyzed and the insights are shared with the end-users on a mobile app. As part of the process, people become more accountable and decrease their consumption by making real-time decisions. The company’s business model is innovative and has led to widespread adoption in the last couple of years. The solution is subscription based, wherein the company gives the product free and users pay nominal monthly fee of ` 149(Residential) / 20 paise per sq.ft (Commercial) apart from installation charges.