Exclusive: WeHouse Nets INR 25 Cr To Streamline Home Construction

Proptech startup WeHouse (formerly Hocomoco) has raised INR 25 Cr (around $2.8 Mn) in its Series A round in a mix of debt and equity.

The round saw participation from existing backer Anthill Ventures, Telugu film producer Suresh Babu Daggubati, Franchise India Holdings’ founder Gaurav Marya, Hyderabad-based accelerator Leaders For India’s founder Mohnish Yerra, among others.

Speaking with Inc42, WeHouse cofounder and CEO Sripad Nandiraj said that the capital will be utilised for expanding operations to new cities like Coimbatore, Ahmedabad, Jaipur, Surat and Chandigarh by the end of this year.

A part of the proceeds will also be deployed to upgrade the startup’s tech stack.

Founded in 2017 by Nandiraj and Rohan Vinayak Reddy, WeHouse is a proptech startup that claims to offer tech-led solutions for home construction and reconstruction. It is an aggregator platform that brings together all players involved in construction projects, including architects, contractors, material suppliers, engineers and skilled labourers together.

The startup began its journey under the name Hocomoco, but later rebranded to WeHouse in 2022 with a $1 Mn funding from Anthill Ventures and others.

WeHouse’s offerings cover the entire construction journey, including approvals, architectural and structural design, project execution and interiors. Its tech-driven monitoring system offers real-time visibility into the construction process for its clients.

Currently, WeHouse has a presence in Chennai, Hyderabad and Vijayawada, and has so far undertaken more than 400 projects, Nandiraj said. Of this, the startup claims to have delivered 250 projects and has a current order book INR 150 Cr.

The CEO said that WeHouse charges customers on a per sq ft basis for construction. However, this commission, as per the CEO, varies from city-to-city. It also earns margins from selling material to contractors and offering on-demand interior designing services.

WeHouse competes with the likes of Brick&Bolt in cities like Hyderabad and Chennai. Brick&Bolt, which operates in both home and commercial construction, raised $10 Mn in its Series A round in 2023 from Accel and Celesta Capital.

Driving these investments is the growing Indian residential construction market, which is projected to become a $373 Bn opportunity by 2030. However, this vast market continues to be plagued by issues such as fragmented processes, delays and cost overruns.

Helping solve this problem is a band of growing proptech companies that are leveraging technology to streamline the construction process, reduce uncertainty and build trust for homeowners. Despite being a highly unorganised space, investors see a healthy opportunity in the growing proptech industry.

In February this year, former Indian cricketer Parthiv Patel picked up a minority stake in construction technology startup BuilditIndia for an undisclosed amount.

Construction-focussed ecommerce company ArisInfra also listed on the exchanges in June this year.

In January 2025, construction material procurement startup ProcureYard bagged $1.72 Mn in a seed round led by Powerhouse Ventures.