Round additionally noticed participation from famend traders like Dholakia Ventures, KRS Jamwal ( Tata Industries) & Anikarth Ventures, amongst others.
Funds raised for use for geographic growth and constructing model consciousness.
Aliste gives modern retrofit automation merchandise that enable customers to manage their present home equipment by way of an app or by way of voice assistants with a subscription mannequin beginning at ₹1 per equipment per day
The model at the moment providers B2C & B2B shoppers in Delhi NCR & Bangalore to quickly broaden their presence throughout the nation & past.
12th December, 2023, Smart dwelling automation startup Aliste Technologies has raised $1 million in a spherical led by YourNest Venture Capital and Artha Venture Fund. The spherical additionally noticed participation from famend traders like Dholakia Ventures, KRS Jamwal, and Anikarth Ventures, amongst others. Existing institutional traders within the firm embrace 100X.VC, Aliste, which has constructed a powerful presence in NCR & has now expanded to Bangalore, is seeing phenomenal progress owing to its subscription-based mannequin for its clients.
Founded in 2021 by VIT batchmates Aakarsh Nayyar, Anant Ohri, Bhavya Kansal, Konark Gautam, Shreyansh Jain, and Udit Pandoh, Aliste Technologies is addressing the house automation market to make tech-enabled properties inside the attain of house owners and companies trying to present an upgraded buyer expertise and save power. The model provides modern retrofit automation merchandise permitting customers to manage their present home equipment by way of an app or voice assistants with a subscription mannequin beginning at ₹1 per equipment per day. Their footprint at the moment spans over 2,500 residential, business and hospitality tasks with shoppers like The Taj group of inns, Vouchagram India and Stanza residing of their portfolio.
Anant Ohri, Co-founder of Aliste, stated, ,We see a serious hole within the client IoT section in India. As aspirations of working Indians soar, we imagine our resolution has the power to not solely present a well-packaged automation resolution but in addition end in power financial savings. Aliste’s merchandise are designed with the luxurious and comfort of its customers in thoughts whereas offering 10 – 15% financial savings on their month-to-month electrical energy payments., Our intention is to save lots of electrical energy price $1 Million by 2025.”
Commenting on the fundraiseSunil Okay. Goyal, Managing Director & Fund Manager, YourNest Venture Capital, stated, “Aliste’s modern low capex and subscription mannequin makes it distinctive and offers it the power to scale at a speedy tempo by concentrating on younger adults within the increasing high-income and higher/middle-income demographics throughout India. The founding staff has already been fixing this downside for the final three years since their closing 12 months of school and has the motivation and power to create a big international group.,
Anirudh A. Damani, Managing Partner at Artha Venture Fundprovides, “We see unprecedented progress within the automation market from totally different angles. In the final 5 – 7 years, Indian shoppers have warmed as much as subscription-based providers. Aliste has been capable of faucet into this altering client conduct and has additionally managed to maintain it reasonably priced. Even on the B2B facet, as extra Indians resume journey, they count on a high-end expertise from the hospitality sector, and resort chains are nicely conscious of this altering state of affairs. The surging demand for automation in residential and B2B channels and Aliste’s method to leverage the market alternative with a subscription-led mannequin prompted us to put money into the corporate.,
Ninad Karpe, Partner, 100X.VC, stated, ,The dwelling automation business is a rising sector in India. Aliste Technologies has carved a distinct segment for itself with its modern subscription-based mannequin on this market. The firm has achieved the unimaginable by introducing dwelling tech that isn’t solely handy but in addition reasonably priced for patrons. We are glad to be part of their progressive journey and are wanting ahead to extending our help in all methods doable,
High capex is without doubt one of the greatest the explanation why good dwelling adoption in India stays one of many lowest on the planet. With sub-1% adoption of good properties in India, Aliste Technologies is addressing an unlimited market alternative whereas making dwelling automation reasonably priced and accessible. At a subscription price of simply ₹1 per equipment per day, a typical 3 BHK can now get automated at simply ~₹ 500 monthly, in comparison with a traditional automation route requiring owners to shell out upwards of ₹ 1 lakh in a single go.
Aliste Technologies is exhibiting phenomenal progress owing to its subscription-based mannequin for its clients. It has a powerful presence within the Delhi-NCR area and has not too long ago entered the Bangalore market. With the freshly infused capital, the corporate intends to unfold its footprints pan-India and enhance model consciousness initiatives.
About Aliste Technologies Private Limited:
Aliste Technologies is a Noida-based firm based by six faculty graduates from VIT Vellore. Elevate the consolation of your property. Aliste helps make your property good with out making you burn a gap by way of your pocket.Our intention is to redefine the best way individuals dwell by imparting luxurious and maximizing comfort by way of our merchandise. Our Smart Home product line and cellular purposes have been lauded by our customers and business – specialists. Join us in making the Indian dwelling a safer & comfy place to dwell.
For extra data, visit- Liste Smart home automation | Solutions at ₹ 1/ day! (alistetechnologies.com)
YourNest, established in 2011 as a technology-focused Pre-Series A fund home has pioneered deep tech investing and IP-led product innovation in enterprise-driven (B2B) startups (IoT, AI/ML, Robotics, Cloud, Automation, and many others) . YourNest Innovative Products VC Fund III recorded its first shut in Sept ’21 and has NIIF as its anchor investor. In its first Fund, YourNest has supplied a DPI of 1.47 with 4 exits. Its second Fund, absolutely invested with a maiden exit, options amongst the very best performing AIFs within the newest CRISIL AIF Benchmark Report of Sept ’22 with 34.62% internet IRR as of March 31 2023, the place the peer benchmark stands at 23.68% internet IRR.
For extra data, go to https://yournest.in/
About Artha Venture Fund:
Artha Venture Fund (AVF) is India’s first early-stage microVC agency with a corpus of ₹225 crores, primarily specializing in B2B SaaS, D2C, and D2C enablers. AVF has made 31 investments, together with noteworthy startups like AgniKul, LenDenClub, Everest Fleet, Daalchini, Lemnisk and Elev8 India Sportz,
AVF operates below the bigger umbrella of Artha India Ventures (AIV), the General Partner for AVF. AIV is a household workplace with a broader portfolio of 116+ corporations, boasting unicorns like Purple, IconBuild, OYO and marquee companies like Rapido, Tala,and Coutloot, The mixed AUM of AIV exceeds ₹1000 crores, showcasing a wealthy legacy of fostering entrepreneurial success throughout totally different sectors.
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