Join our Waitlist for Expert Advice!

Aliste Technologies Raises $1 Million The funds will be used for geographic expansion and building brand awareness

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

Canva

Smart home automation startup Aliste Technologies has raised $1 million in a round led by YourNest Venture Capital and Artha Venture Fund. The round also saw participation from Dholakia Ventures, KRS Jamwal, and Anikarth Ventures, among others. Existing institutional investors in the company include 100X.VC. Aliste, which has built a strong presence in NCR & has now expanded to Bangalore, is seeing phenomenal growth owing to its subscription-based model for its customers.

The funds will be used for geographic expansion and building brand awareness. High capex is one of the biggest reasons why smart home adoption in India remains one of the lowest in the world. With sub-1 per cent adoption of smart homes in India, Aliste Technologies is addressing a market opportunity while making home automation affordable and accessible. At a subscription cost of just INR 1 per appliance per day, a typical 3 BHK can now get automated at just ~INR 500 per month, compared to a conventional automation route requiring homeowners to shell out upwards of INR 1 lakh in a single go.

"We see a major gap in the consumer IoT segment in India. As aspirations of working Indians soar, we believe our solution has the ability to not only provide a well-packaged automation solution but also result in energy savings. Aliste's products are designed with the luxury and convenience of its users in mind while providing 10 – 15 per cent savings on their monthly electricity bills. Our aim is to save electricity worth $1 Million by 2025," said Anant Ohri, co-founder, Aliste.

"Aliste's innovative low capex and subscription model makes it unique and gives it the capability to scale at a rapid pace by targeting young adults in the expanding high-income and upper/middle-income demographics across India. The founding team has already been solving this problem for the last three years since their final year of college and has the motivation and energy to create a large global organisation," said Sunil K. Goyal, MD & Fund Manager, YourNest Venture Capital.

Founded in 2021 by VIT batchmates Aakarsh Nayyar, Anant Ohri, Bhavya Kansal, Konark Gautam, Shreyansh Jain, and Udit Pandoh, Aliste Technologies is addressing the home automation market to make tech-enabled homes within the reach of homeowners and businesses looking to provide an upgraded customer experience and save energy.

Starting a Business

Schools Fall Short on Teaching Financial Literacy — Here's 3 Ways Parents Can Raise Future Entrepreneurs

Entrepreneurship is not just for adults. Teaching kids the basics of business and finance from a young age will serve them well in life, no matter what path they pursue.

Thought Leaders

These 3 Trends Will Change What It Means to Be an Entrepreneur in 2025

Here are three entrepreneurship trends from the new Global Entrepreneurship Monitor report that are changing the landscape for the future.

Data & Recovery

Train Your Company to Avoid Costly Data Breaches With This $30 Bundle

Train in the eight domains of CISSP and protect your business from growing cyber threats.

Leadership

Fear is Inevitable. Get Used To It — Here's How the Army Helped Me Through Every Career Change

From combat jumps to job pivots, here's how mastering transitions can help you land successfully in any role — with confidence, preparation and adaptability.

Social Media

Stop Chasing Algorithms — Here's How Creators Can Take Control of Their Content and Monetize on Their Own Terms

Social media platforms promise creators visibility, but the real challenge lies in relying on algorithms for income.