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Food and Agriculture Tech Seed Founded 2016

Vendekin

Vendekin Technologies is an automated retail technology company that provides smart vending machines, retrofit devices, and cloud-based management software for unmanned retail operations. The company's product portfolio includes smart vending machines for snacks and beverages, frozen food, hot food, and elevator vending with touchscreen panels, adjustable temperature control, LED-lit interiors, and food-grade…

📍 Pune, India · Food Tech,

Funding snapshot

Last roundSeed
Amount$180K
Date31 March 2024
Total raised$3M
Valuation17,950,390 (Apr 2, 2024)
Team size68

About

Vendekin Technologies is an automated retail technology company that provides smart vending machines, retrofit devices, and cloud-based management software for unmanned retail operations. The company's product portfolio includes smart vending machines for snacks and beverages, frozen food, hot food, and elevator vending with touchscreen panels, adjustable temperature control, LED-lit interiors, and food-grade construction; vNetra, a Google Cloud-powered, GDPR-compliant, AI/ML-driven vending machine management software that enables remote sales tracking, inventory management, and digital payment processing anytime and anywhere; and Retrobox, an innovative plug-and-play device that converts any traditional vending machine or unattended kiosk into a digital vending machine with touchless mobile payments, backend inventory management, and sales tracking and analysis. Vendekin's hardware-enabled SaaS platform supports multiple payment options including UPI, Payu, net banking, credit cards, Paytm, Sodexo, Zeta, and Vendekin points, and provides data-driven location placement services using market research to identify high-traffic areas. The company holds multiple patents in the US, UK, EU, and India for its disruptive unmanned automated vending technology, and operates over 4,000 active machines across 15+ countries processing 30,000+ transactions daily. Vendekin serves offices, colleges, hospitals, co-working spaces, gyms, metro stations, malls, and D2C and FMCG brands, offering end-to-end support from setup through ongoing operations. Founded in 2016 and headquartered in Pune, India, Vendekin has raised $3.2M in Seed funding from investors including Better Capital, Angel List, and Praavega.

Business model

Autonomous Retail > Smart Vending Machines > Fully Autonomous,

Trust Shops > Smart Vending Machines,

Food Tech > Tech Hardware > Food Serving > Business Focused > Smart Food Cart,

Online Grocery > Smart Vending Machine > Food > Packaged Snacks > Semi Autonomous

Founders & team highlights

Serial Founder

Institutional investors

Better Capital Angel List Praavega Reva Nayyar Anita Gurnani Kiran Karnawat Charudatta Palwe Nikhil Bhardwaj Vineet Nayyar Ashish Gurnani Monica Gaur

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