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HomeReal EstateAliste Technologies bags $1 million in funding

Aliste Technologies bags $1 million in funding

A smart home automation startup, Aliste Technologies, secured $1 million in a funding round spearheaded by YourNest Venture Capital and Artha Venture Fund. Other investors included Dholakia Ventures, KRS Jamwal, and Anikarth Ventures.

Having recently entered the Bengaluru market, Aliste Technologies has an established presence in Delhi-NCR, encompassing more than 2,500 residential, commercial, and hospitality projects. The newly acquired funds will fuel the company’s expansion across 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.”

Established in 2021, the company focuses on the home automation market, aiming to create technology-enhanced homes. Aliste Technologies provides retrofit automation products, enabling users to manage their current appliances through an app or voice assistants. The subscription model starts at Rs 1 per appliance per day. Notably, the company has garnered support from existing institutional investors, including 100X.VC.

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BRL Editor
BRL Editor
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