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.
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.
People of Vendekin
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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 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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage companies are invested in by Better Capital.
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Reva Nayyar |
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Anita Gurnani |
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Investor details for Vendekin
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Investments & Acquisitions by Vendekin
Investment portfolio details for Vendekin
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Financial Statements - Vendekin
Detailed financials for Vendekin
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Vendekin Comparisons
Peer comparison for Vendekin
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online platform offering smart vending machine retail solutions
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Smart vending machines for corporates are supplied by NutriTap.
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Vendiman is recognized as a leading vending machine supplier in India.
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IoT-powered snack vending machines for offices
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Tea and coffee-making machines are provided via an online platform.
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Detailed competitors of Vendekin
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Latest news on Vendekin
Complete news archive for Vendekin
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Frequently Asked Questions about Vendekin
Vendekin was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Vendekin is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Vendekin is a funded company, having raised a total of $4.2M across 6 funding rounds to date.
As of Mar 30, 2024, the latest employee count at Vendekin is 52.
Annual revenue of Vendekin is $450.63K as on Mar 31, 2022.
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.
Vendekin's top competitors include Daalchini, NutriTap and Cherise Tapri.
Vendekin offers Smart Vending Machines, vNetra, Retrobox, Frozen Food Vending Machine, and 2 more products and services.
Vendekin has 4 investors. Key investors include Reva Nayyar, Anita Gurnani, Better Capital, and Kiran Karnawat.
The valuation of Vendekin is $1.65M as of Mar 2021.