Aliste Technologies, a smart home automation startup, has secured $1 million in funding led by YourNest Venture Capital and Artha Venture Fund to expand its presence across India.
Information on the Target
Aliste Technologies is a startup focused on smart home automation, established in 2021, that aims to enhance the living experience through technology. With its innovative solutions, the company has already made its mark in the Delhi-NCR region, successfully managing over 2,500 residential, commercial, and hospitality projects. In recent developments, Aliste expanded its presence into the Bengaluru market, signaling its intent to broaden its national footprint.
The company provides retrofit automation products that allow users to control existing appliances through an app or voice assistants. Aliste operates on a subscription model that starts at just Rs 1 per appliance per day, making smart home technology accessible to a wider audience. Anant Ohri, co-founder of Aliste Technologies, emphasizes the significant gap in the consumer IoT landscape in India, highlighting the potential savings in electricity bills for customers.
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Industry Overview in India
The smart home automation industry in India is experiencing rapid growth, propelled by increasing consumer awareness and the adoption of Internet of Things (IoT) technologies. The rising demand for e
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YourNest Venture Capital and Artha Venture Fund
invested in
Aliste Technologies
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $1M