ETRealty | December 12, 2023
NEW DELHI: Aliste Technologies, a smart home automation startup, has raised $1 million in a round led by YourNest Venture Capital and Artha Venture Fund.
The round also saw participation from investors like Dholakia Ventures, KRS Jamwal, and Anikarth Ventures, among others.
The company recently entered the Bengaluru market. It already has presence in Delhi-NCR covering over 2,500 residential, commercial and hospitality projects. With the freshly infused capital, the company intends to spread its footprints pan-India.
Anant Ohri, co-founder of the company said, “We see a major gap in the consumer IoT segment in India. Our products provide 10–15% savings on their monthly electricity bills. Our aim is to save electricity worth $1 million by 2025.”
Founded in 2021, the company is addressing the home automation market to make tech-enabled homes. It offers retrofit automation products allowing users to control their existing appliances via an app or voice assistants with a subscription model starting at Rs 1 per appliance per day. Existing institutional investors in the company include 100X.VC.