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