Wehouse Raises $1 Million In Pre-Series A Round The fund will be utilized to upgrade the technology and scalability of the company's market

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Hyderabad-based tech-powered construction aggregator, Hocomoco rebranded as Wehouse, has raised $1 million from Anthill Ventures and a group of angel investors in pre-Series A funding round. The funding will be utilized to upgrade the technology platform and expand its team size to cater to its Pan Indian expansion plans.

"Our recent funding is an indication that we are moving in the right direction, and it will be used to bolster our tech and prime us for scalability. Currently, more than 2000 workers are indirectly employed on different projects across Wehouse's projects. We want to keep increasing this number and give these workers more jobs as we grow," said Sripad Nandiraj, co-founder, Wehouse.

Wehouse aims to capture a fair share in the growing construction industry. The new funding comes on the heels of a major commercial milestone of Wehouse, completing 1 million square feet of built-up area and slated to touch INR 100 crore of booked revenue in the next few months, the company claimed in a statement.

"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. As a company, they are redefining how technology is being applied to construction and we are excited by their vision and innovation in this space," said Sailesh Sigatapu, partner, Anthill Ventures.

Founded in 2017, Wehouse facilitates end-to-end construction services. The platform takes care of the legal permissions, architectural structural design, construction execution, interiors and monitoring services.

According to reports, the Indian construction industry is expected to record a CAGR of 15.7 per cent to reach $738.5 billion by 2022.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

No Outsourcing, No Shortcuts: The Rise of One of the World's Most Self-Reliant Business Groups

Nowhere is this more evident than in sectors like agriculture, logistics, and manufacturing industries, where the journey from raw material to finished product spans vast networks and countless hands.

News and Trends

Credit Wise Capital Raises INR 200 Cr in Funding Led by Trident Growth Partners

The fresh capital aims to fuel expansion across two-wheeler financing, secured loans, and tech-driven credit enablement in tier II - IV Indian cities.

Business News

Jack Dorsey Announces WhatsApp Competitor Called Bitchat

Twitter co-founder Jack Dorsey went on X to reveal a new messaging app called Bitchat that will not require internet connectivity.

News and Trends

Smartworks Coworking Spaces to Launch IPO on July 10, 2025

The offer will close on Monday, July 14, 2025, while the Anchor Investor bidding window opens and closes a day earlier, on Wednesday, July 9, 2025.

Business Solutions

Access 25 Hours of AI Training for Less Than $20

This e-degree gives you hands-on AI training that's perfect for entrepreneurs wearing many hats.