About Vendekin
Vendekin is a company based in Pune (India) founded in 2015.. Vendekin has raised $4.2 million across 6 funding rounds from investors including Reva Nayyar, Anita Gurnani and Better Capital. The company has 52 employees as of March 30, 2024. Vendekin offers products and services including Smart Vending Machines, vNetra, Retrobox, Frozen Food Vending Machine, and Hot Food Vending Machine. Vendekin operates in a competitive market with competitors including Daalchini, NutriTap, Vendiman, Azgo and Cherise Tapri, among others.
- Headquarter Pune, India
- Employees 52 as on 30 Mar, 2024
- Stage Minicorn
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Sectors
ConsumerRetail
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Vendekin Technologies Private Limited
- Date of Incorporation 22 Sep, 2016
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$450.63 K (USD)191.03as on Mar 31, 2022
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Net Profit
$-153.13 K (USD)-9.1as on Mar 31, 2022
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EBITDA
$-144.33 K (USD)3.76as on Mar 31, 2022
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Total Equity Funding
$4.2 M (USD)
in 6 rounds
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Latest Funding Round
$179.93 K (USD), Angel Round
Mar 31, 2024
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Investors
Better Capital
& 3 more
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Employee Count
52
as on Mar 30, 2024
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Products & Services of Vendekin
Vendekin offers a comprehensive portfolio of products and services, including Smart Vending Machines, vNetra, Retrobox, Frozen Food Vending Machine, and Hot Food Vending Machine. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automated machines for 24/7 sales of snacks and beverages.
AI-driven tool for remote sales and inventory tracking.
Converts kiosks for digital payments and business insights.
Vends frozen items with contactless transactions and tracking.
Heats and sells ready-to-eat meals with digital payment options.
Dispenses snacks and drinks with temperature control features.
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Funding Insights of Vendekin
Vendekin has successfully raised a total of $4.2M across 6 strategic funding rounds. The most recent funding activity was a Angel Round round of $179.93 thousand completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Angel Round — $179,925
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Angel Round - Vendekin | Valuation | Reva Nayyar | |
| May, 2023 | Amount | Angel Round - Vendekin | Valuation | Anita Gurnani | |
| May, 2022 | Amount | Seed - Vendekin | Valuation | Better Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Vendekin
Vendekin has secured backing from 4 investors, including angel and venture fund investors. Prominent investors backing the company include Reva Nayyar, Anita Gurnani and Better Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage companies are invested in by Better Capital.
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Founded Year | Domain | Location | |
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RN
Reva Nayyar |
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Founded Year | Domain | Location |
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AG
Anita Gurnani |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Vendekin
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Vendekin
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Vendekin Comparisons
Competitors of Vendekin
Vendekin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Daalchini, NutriTap, Vendiman, Azgo and Cherise Tapri, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform offering smart vending machine retail solutions
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| domain | founded_year | HQ Location |
Smart vending machines for corporates are supplied by NutriTap.
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| domain | founded_year | HQ Location |
Vendiman is recognized as a leading vending machine supplier in India.
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| domain | founded_year | HQ Location |
IoT-powered snack vending machines for offices
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| domain | founded_year | HQ Location |
Tea and coffee-making machines are provided via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Vendekin
Frequently Asked Questions about Vendekin
When was Vendekin founded?
Vendekin was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Vendekin located?
Vendekin is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Is Vendekin a funded company?
Vendekin is a funded company, having raised a total of $4.2M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1.09M, raised on Nov 03, 2017.
How many employees does Vendekin have?
As of Mar 30, 2024, the latest employee count at Vendekin is 52.
What is the annual revenue of Vendekin?
Annual revenue of Vendekin is $450.63K as on Mar 31, 2022.
What does Vendekin do?
Vendekin was founded in 2015 in Pune, India, within the vending technology sector. Existing vending machines are upgraded to intelligent systems through hardware installations that enable touch-free, cashless payments for beverages and other products. Mobile apps are provided for consumers and distributors to facilitate transactions, supply chain alerts, and analytical reports on inventory and sales data. Operations focus on enhancing efficiency for brands and distributors in the Indian market.
Who are the top competitors of Vendekin?
Vendekin's top competitors include Daalchini, NutriTap and Cherise Tapri.
What products or services does Vendekin offer?
Vendekin offers Smart Vending Machines, vNetra, Retrobox, Frozen Food Vending Machine, and 2 more products and services.
Who are Vendekin's investors?
Vendekin has 4 investors. Key investors include Reva Nayyar, Anita Gurnani, Better Capital, and Kiran Karnawat.
What is Vendekin's valuation?
The valuation of Vendekin is $1.65M as of Mar 2021.
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