About WEGoT
WEGoT is a company based in Chennai (India) founded in 2015 by Abilash Haridass and Vijay Krishna. It operates as a Product-as-a-Service. WEGoT has raised $5.02 million across 8 funding rounds from investors including Angel List, BlackSoil and Brigade Group. The company has 126 employees as of April 05, 2024. WEGoT offers products and services including WEGoT Aqua. WEGoT operates in a competitive market with competitors including Badger Meter, Subeca, Energy Assets, CityTaps and Neptune Technology Group, among others.
- Headquarter Chennai, India
- Employees 126 as on 05 Apr, 2024
- Founders Abilash Haridass, Vijay Krishna
- Stage Minicorn
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Sectors
Environment
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Email
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Phone
*********
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Website
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Social
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- Legal Name Wegot Utility Solutions Pvt Ltd
- Date of Incorporation 01 Apr, 2015
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$1.75 M (USD)42.57as on Mar 31, 2023
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Net Profit
$-932.99 K (USD)-15.05as on Mar 31, 2023
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EBITDA
$-551.48 K (USD)1.52as on Mar 31, 2023
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Total Equity Funding
$5.02 M (USD)
in 8 rounds
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Latest Funding Round
$45.32 K (USD), Seed
Aug 24, 2023
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Investors
Angel List
& 25 more
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Employee Count
126
as on Apr 05, 2024
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Products & Services of WEGoT
WEGoT offers a comprehensive portfolio of products and services, including WEGoT Aqua. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
IoT-enabled system for real-time water usage monitoring.
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Funding Insights of WEGoT
WEGoT has successfully raised a total of $5.02M across 8 strategic funding rounds. The most recent funding activity was a Seed round of $45.32 thousand completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Seed — $45,323
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First Round
First Round
(21 Apr 2017)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Seed - WEGoT | Valuation | BlackSoil |
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| Sep, 2022 | Amount | Seed - WEGoT | Valuation | Angel List , Good Capital |
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| Dec, 2021 | Amount | Seed - WEGoT | Valuation | Gruhas , Apollo Infrastructure Projects Finance Company |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in WEGoT
WEGoT has secured backing from 26 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Angel List, BlackSoil and Brigade Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed to series A startups receive investments from Good Capital.
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Founded Year | Domain | Location | |
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Venture capital firm investing in technology-driven innovations and partnerships in India.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by WEGoT
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - WEGoT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wegot Comparisons
Competitors of WEGoT
WEGoT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Badger Meter, Subeca, Energy Assets, CityTaps and Neptune Technology Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IoT-based water management solutions are provided for smart buildings.
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| domain | founded_year | HQ Location |
Provider of cloud-based dual-network meters for water flow monitoring and leak detection
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| domain | founded_year | HQ Location |
AI and web-based smart metering systems are provided.
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| domain | founded_year | HQ Location |
Pay-as-you-go water meters are provided for prepaid home usage.
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| domain | founded_year | HQ Location |
Advanced water metering and infrastructure technologies are provided for utilities.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wegot
Frequently Asked Questions about WEGoT
When was WEGoT founded?
WEGoT was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is WEGoT located?
WEGoT is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of WEGoT?
Abilash Haridass is the current CEO of WEGoT. They have also founded this company.
Is WEGoT a funded company?
WEGoT is a funded company, having raised a total of $5.02M across 8 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Apr 21, 2017.
How many employees does WEGoT have?
As of Apr 05, 2024, the latest employee count at WEGoT is 126.
What is the annual revenue of WEGoT?
Annual revenue of WEGoT is $1.75M as on Mar 31, 2023.
What does WEGoT do?
Smart water management systems are developed by WEGoT for residential, commercial, and industrial buildings. IoT-enabled ultrasonic sensors and applications are utilized to monitor water usage in real-time. Water conservation is facilitated through leakage alerts and analytics. Sustainable water practices are supported across various sectors.
Who are the top competitors of WEGoT?
WEGoT's top competitors include Badger Meter, Notation Labs and Neptune Technology Group.
What products or services does WEGoT offer?
WEGoT offers WEGoT Aqua.
Who are WEGoT's investors?
WEGoT has 26 investors. Key investors include Angel List, BlackSoil, Brigade Group, HDFC Capital, and Brigade REAP.
What is WEGoT's valuation?
The valuation of WEGoT is $29.77M as of Aug 2023.
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