Smart home automation startup Aliste Technologies has raised ₹30 Cr (about $3.2 Mn) in a Pre-Series A round comprising equity and debt
The round was led by Big Global JSC, with participation from existing investor YourNest Venture Capital and Hbeon Labs
The Delhi NCR-based startup plans to use the fresh capital to expand its research and development of energy-efficient solutions, improve distribution, and broaden product portfolio
Smart home automation startup Aliste Technologies has raised ₹30 Cr (about $3.2 Mn) in a Pre-Series A round comprising equity and debt. The round was led by Big Global JSC, with participation from existing investor YourNest Venture Capital and Hbeon Labs.
The Delhi NCR-based startup plans to use the fresh capital to expand its research and development of energy-efficient solutions, improve distribution, and broaden product portfolio.
Founded in 2021 by VIT batchmates Anant Ohri, Aakarsh Nayyar, Bhavya Kansal, Konark Gautam, and Shreyansh Jain, Aliste Technologies is building IoT-led solutions for residential and commercial use. It claims that its products help users cut electricity consumption by 15% to 30%.
The startup initially focused on smart home automation, offering retrofit devices such as switches and sensors that can be controlled via mobile apps or voice assistants, including Alexa, Google Home and Siri. These systems are designed to work with existing wiring, eliminating the need for major infrastructure changes.
Over time, Aliste Technologies expanded into enterprise energy management, catering to co-living operators, hospitality players and retail businesses. Its technology functions as a smart layer over existing buildings, enabling real-time tracking of electricity consumption. This helps in reducing energy wastage and improving billing efficiency.
In co-living spaces, its monitoring systems plug into existing electrical panels to identify energy leaks and make billing more transparent. For retail stores and restaurants, especially high-footfall outlets, Aliste’s systems track how efficiently equipment is being used.
Alongside these, Aliste offers products like motion sensors, touch switches, and smart gate systems, backed by analytics that give clear insights into energy consumption.
The startup said it currently manages around 3 Mn units of energy each month across more than 1.5 Lakh IoT devices. It estimates that its solutions help save about 3.28 Lakh kg of CO2 monthly.
The startup has raised over $4 Mn in total funding to date since inception, including a $1 Mn seed round in December 2023.
Aliste Technologies competes with the likes SmarDen, Atomberg, OOB SmartHome, KARBAN Envirotech and Keus.
The development comes at a time when startups are actively reshaping the energy management segment by building smarter IoT-enabled products designed to tackle everyday issues like high electricity usage, limited connectivity, and the growing demand for more personalised experiences.
Overall, India’s home appliances market is expected to grow to $117 Bn by 2033. Within this, the smart home segment is picking up pace quickly and is projected to touch $19.31 Bn by 2030, growing at around 30% annually.
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