Connect with us

News

Hocomoco rebrands to Wehouse, raises USD 1 million in Pre-Series A Round

India, May 16, 2022: Hyderabad-based tech-powered construction aggregator, Hocomoco, has recently rebranded itself to Wehouse and raised USD 1 million from Anthill Ventures and a group of angel investors in its first funding round. According to a press release issued by the company, the funding will be utilized to upgrade the technology platform and hire for key roles in its expansion to cities pan-India.

Speaking about the funding and the rebranding, Sripad Nandiraj, Co-Founder and CEO, Wehouse, said, “Reinventing is an important part of keeping a corporate entity relevant and aligned with its entrenched entrepreneurial ethos. Our new name embodies our industrial and individual worldview. It means we, as a company and our clients, are building their dream home together as a family. Our recent funding is an indication that we are moving in the right direction, and it gives us immense pleasure that investors are showing faith in our brand and traction thus far. The funding will be used to bolster our tech and prime us for scalability.” 

Sailesh Sigatapu, Partner at Anthill Ventures said, “We are thrilled to invest in Wehouse. As a company, they are redefining how technology is being applied to construction and home-building, and we are excited by their vision and innovation in this space. We firmly believe that a startup like Wehouse with its technology-first approach and deep domain expertise has a large opportunity to organize this fragmented market.”