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Funding · Climate, Energy & Sustainability

Aliste Technologies raises ₹30 Cr Pre-Series A

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Date
Company
Aliste Technologies
What it does
IoT-based energy management startup
Kind
Funding
Amount
₹30 Cr
Stage
Pre-Series A
Founded
2021
Sector
Climate, Energy & Sustainability

What they do

Aliste provides IoT-based solutions to monitor, control and optimise energy usage

What happened

It raised ₹30 Cr (about $3.2 Mn) in a Pre-Series A round led by Big Global JSC

Why it matters

The company pivoted from a D2C smart home brand to enterprise energy management

The details

  • Aliste Technologies raised ₹30 Cr (about $3.2 Mn) in a Pre-Series A round that includes both equity and debt.
  • The round was led by Big Global JSC, the corporate venture arm of Bitexco Group.
  • YourNest Venture Capital, an existing investor, also participated.
  • HBeon Labs, a manufacturing partner, joined the round as well.
  • The company will use the funds to expand R&D into energy-focused solutions.
  • It will also scale distribution of its enterprise offerings and broaden its product portfolio.

The bigger picture

  • India's home appliances market is expected to grow to $117 Bn by 2033.
  • The smart home segment is projected to reach $19.31 Bn by 2030, growing at 30% annually.
  • Aliste pivoted from a D2C smart home brand to enterprise energy management after appearing on Shark Tank India Season 1.

About the business

  • Aliste is an energy management startup that provides IoT-based solutions for monitoring, controlling and optimising energy usage.
  • It targets hospitality, co-living, retail and commercial spaces.
  • Its products include smart energy monitoring for co-living, energy management for retail/restaurants (up to 20% bill reduction), and revenue leakage solutions for hotels (up to 15% electricity cost reduction).
  • It also offers motion sensors, touch switches and smart gate systems with analytics.
  • The company manages over 1.5 lakh IoT assets across more than 20 cities.
  • It processes around 3 million units of energy monthly.
  • Aliste saves about 3,28,000 kg of CO2 per month, equated to planting over 13,000 mature trees monthly.

What happens next

  • Expand R&D into energy-focused solutions.
  • Scale distribution of enterprise offerings.
  • Broaden product portfolio.

The deal

Type
Pre-Series A

Investors

  • Big Global JSC (lead) — Corporate venture arm of Bitexco Group.
  • YourNest Venture Capital (participated) — Existing investor in Aliste.
  • HBeon Labs (participated) — Manufacturing partner of Aliste.

Founders

  • Anant Ohri, co-founder
  • Aakarsh Nayyar, co-founder
  • Bhavya Kansal, co-founder
  • Konark Gautam, co-founder
  • Shreyansh Jain, co-founder and CTO

About Aliste Technologies

Product
Proprietary IoT hardware and software platform for energy monitoring, control and optimization across commercial spaces
Customers
Hospitality, co-living, retail and commercial facilities seeking energy efficiency and cost reduction
How it makes money
B2B SaaS with hardware integration selling energy management systems and subscriptions to enterprises
What sets it apart
Proprietary IoT sensors and AI enabling 15-20% electricity consumption reduction and cost savings up to 20%

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