Aliste Technologies
Initial Ask – Rs. 60 lacs for 5% equity at a valuation of Rs. 12 Cr.
About the Company
The company has made a card, which can be installed in the back of the switch board, which will convert the board as a smartboard. The card is installed in the back of the board and then the application on the mobile phone can be used to operate the switches in the board. The company has 2 sales channels, one is B2B and one is B2C.
The unique point is that the company is hitting the middle market, as the market is currently separated in 2 parts, one is high class products, which are very expensive, and one is the cheap products from China which have no reliability.
The Selling Price of the product is Rs.12,000 on average and the Cost is 1100. The distributors get it at 4,500 and add their margin before selling it at Construction sites.
Industry Overview
The automated appliances industry is very crowded and is dominated by 3 main players, namely, Alexa, Siri and Google Home. All of these are now compatible with smart appliances and can listen to audio notes from the consumer to follow the instructions. It is highly inconvinient because all the products have to be smart for this to be functional.
Due to high competition, the industry has been bottled to Architects and Designers to supply smart solutions while constructing the Homes.
Past performance of the Company
Sales of the company is Rs.1.1Cr till date.
Year to date: 63 lacs and Previous Month revenue is Rs.6.5 lacs.
Offers made, and the one accepted:
Anupam offer 10lacs for 10% and 50lacs as debt @12% interest.
This offer is countered by 85 lacs for 10%