Exclusive: WeGot increases Rs 11 Cr at a rating of Rs 205 Cr

Exclusive: WeGot increases Rs 11 Cr at a rating of Rs 205 Cr

Smart water meter maker and IoT-enabled integrated water management startup WeGot has raised Rs.10.81 billion from a group of investors including HDFC capital. This would be the second fundraiser for the Chennai-based company in 2021. In June, Rs 8 crore was raised from angel investors.

WeGot has allocated 9,029 preferred shares at an issue price of Rs 11,977 each to raise Rs 10.81 billion. Gruhas Proptech led the round with 3.5 billion rupees, while Rahul Talwar and Apollo Infrastructure invested 3 and 1.99 billion rupees respectively.

Read More Exclusive: WeGot increases Rs 11 Cr on a valuation of Rs 205 Cr on Enttrackr.