fbpx

Vendekin Technologies raises pre-Series A round led by Better Capital

SaaS startup Vendekin Technologies has raised Rs 8.5 crore in its pre-Series A round led by Better Capital with participation from existing investors CP Gurnani’s Family Office and Vineet Nayyar’s Family Office.

The capital will primarily be used to strengthen R&D and technology teams to drive superior consumer buying experience at vending machines further plans to expand into global markets such as the USA and Europe.

Founded in 2016 by Aroon Khattar, Vendekin Technologies provides its proprietary technology solutions to large multinational companies as well as helps small vending operators digitize their business. The company’s plug-and-play hardware solution, called Retrobox, can fit into any traditional vending machine without the need for 4G/5G, upgrading it to a smart, touch less vending machine.

Vendekin currently operates in six countries including India, UAE, the UK, the US, Saudi Arabia and Oman and claims to have enabled over 2 million transactions worth $5 million to date. The platform has partnerships with OEM manufacturers in the retail, refrigeration and vending space such as SandenVendo, Nestle, Cantaloupe, Godrej, Elanpro, Vendiman, Instago among others.

Vendekin Technologies is apparently a moving startup with prodding improvement on IT services and IT consulting platform. I’m sure this startup would continue to prosper in its journey ahead. My best wishes to the entire group of Vendekin Technologies. This will give them a giant accomplishment later on.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.

Tags

top