SmarterHomes celebrates 5 years

Forums Startups Announcements (Startup) SmarterHomes celebrates 5 years

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        #Announcement(Startup) #Celebration [ via IoTForIndiaGroup ]
        #Organizer : SmarterHomes


        Each apartment had 3-4 water entry lines and if you had to install a meter, where will you install it? And, that was the idea – a 100% automated water metering system which does not require any manual effort to read the meter.

        Later that year, I decided to move back to India to seriously explore if we had indeed cracked a solution for a very serious need. A better part of the year 2013 was spent in meeting apartment residents in every part of the Bangalore to understand their needs (and just to be sure that there is indeed a need and it is not a figment of imagination of an every eager entrepreneur). The one on one meetings with many Management Committee members opened our eyes to two very difficult realities – 1) the world is running out of water, and 2) a handful of the people are active crusaders but not many were listening to them. We found that over 55 million homes in India (especially high rise apartments) do not meter their water consumption at all. The research pointed out that almost all major utilities in the world having implemented a water metering system were able to save upwards of 35% water by preventing leakages and waste. This was enough to convince us that the time has come.

        We finally raised funds from Macquarie in April 2017.The investment from Macquarie helped us in many ways.  we were able to become India’s first sub-metering company to offer metering as a service. Since, then we have been able to save over a billion litres of water, enough to help over 3 million families use water for one more day.


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