Aliste Technologies, a Noida, India-based smart home startup, raised $1M in funding.
The round was led by YourNest Venture Capital and Artha Venture Fund, with participation from Dholakia Ventures, KRS Jamwal, and Anikarth Ventures, among others. Existing institutional investors in the company included 100X.VC.
The company intends to use the funds for geographic expansion and building brand awareness.
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 brand offers retrofit automation products allowing users to control their existing appliances via an app or voice assistants with a subscription model starting at ₹1 per appliance per day.
Their footprint currently spans over 2,500 residential, commercial and hospitality projects with clients like The Taj group of hotels, Vouchagram India and Stanza living in their portfolio.
FinSMEs
12/12/2023