- Founders: Shreyansh, Konark, Aakarsh, Anant, Udit & Bhavya
- Business: Smarthome Technology
- Ask: ₹60 lakhs 5% Equity
- Valuation: ₹12 Crore
- Result: No Deal
- Sharks: No Deal
- Episode: Season 1 Episode 26
Shark Tank Pitch:
Aliste Technologies, a smart home technology brand, debuted on Shark Tank India Season 1 Episode 26, with founder Aakarsh Nayyar seeking Rs. 60 lakhs in exchange for a 5% stake in the company. The company’s primary focus is making homes completely digital, offering innovative products, including smart locks, IR blasters, RGB controllers, motion sensors, and more. These devices are seamlessly connected through a mobile app, providing homeowners remote control and monitoring capabilities.
Financials during the Pitch:
Aliste Technologies operates through two distribution channels: Business-to-Business (B2B) and Business-to-Consumer (B2C). Their pricing strategy is contingent on the number of switches included in their products. Their best-selling product, equipped with 5 switches, boasts a Manufacturer’s Retail Price (MRP) of ₹12,000 rupees. In terms of production, the average product cost is ₹8,000 rupees, while it costs the company ₹1,100 rupees to manufacture each unit. After incorporating the distributor’s margin, the gross profit for each unit amounts to ₹3,400.
In terms of overall sales performance, Aliste Technologies has achieved a lifetime sales figure of ₹1.1 crores over a span of 15 months. For the most recent month, their sales reached ₹7.5 lakhs. This information provides valuable insights into the company’s pricing structure, profit margins, and sales performance, indicating a successful presence in the market.
They did not get the Deal on Shark Tank India!
After Shark Tank Update:
Our research revealed that despite not getting the deal Aliste Technologies is still thriving with a net worth/valuation of ₹12 Crores. They continue to provide smart home automation solutions, enhancing the connectivity and efficiency of homes. Notably, their premium Smart Switch model offers features like energy-saving functions and shockproof switches. Despite their ambitious goals, the company had not sought external funding, relying on its founder’s vision and determination. Aliste Technologies remains dedicated to its mission of offering comprehensive smart home automation solutions, contributing to the digital transformation of homes and making them more convenient and efficient.
Image source: Aliste Technologies Instagram
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