Smart home automation start-up Aliste Technologies has raised $1 million in a round led by YourNest Venture Capital and Artha Venture Fund. The round also saw participation from renowned investors like Dholakia Ventures, KRS Jamwal, and Anikarth Ventures, among others. Existing institutional investors in the company include 100X.VC. Aliste. 

The company claims to have built a strong presence in the NCR and has now expanded to Bangalore, experiencing phenomenal growth due to its subscription-based model for customers. 

With the freshly infused capital, the company intends to spread its footprints pan-India and boost brand awareness initiatives, it added in its statement. 

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.  

The start-up offers innovative 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.   

Anant Ohri, co-founder of Aliste, said, “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.” 
 
Ninad Karpe, Partner, 100X.VC, said, “The home automation industry is a rising sector in India. Aliste Technologies has carved a niche for itself with its innovative subscription-based model in this market. The company has achieved the unimaginable by introducing home tech that is not only convenient but also affordable for customers. We are happy to be a part of their progressive journey and are looking forward to extending our support in all ways possible.”