About Vendiman
Vendiman is a company based in Mumbai (India) founded in 2013 by Rajesh Shrishrimal and Pratyush Kamdar. It operates as a Pay-per-Use / Usage-Based, and Managed Services. Vendiman has raised $11.37 million across 7 funding rounds from investors including RSH Global, JM Financial and JM Financial Private Equity. The company has 99 employees as of April 07, 2024. Vendiman offers products and services including Company Paid Solutions, Consumer Paid Solutions, and Pantry Supply Solutions. Vendiman operates in a competitive market with competitors including Daalchini, NutriTap, Vendekin, Azgo and Grubox, among others.
- Headquarter Mumbai, India
- Employees 99 as on 07 Apr, 2024
- Founders Rajesh Shrishrimal, Pratyush Kamdar
- 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 Vendiman Private Limited
- Date of Incorporation 07 Oct, 2013
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$7.65 M (USD)243.5as on Mar 31, 2023
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Net Profit
$-1.92 M (USD)15.6as on Mar 31, 2023
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EBITDA
$-1.36 M (USD)24.87as on Mar 31, 2023
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Total Equity Funding
$11.37 M (USD)
in 7 rounds
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Latest Funding Round
$969.81 K (USD), Series B
Sep 02, 2022
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Investors
RSH Global
& 16 more
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Employee Count
99
as on Apr 07, 2024
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Products & Services of Vendiman
Vendiman offers a comprehensive portfolio of products and services, including Company Paid Solutions, Consumer Paid Solutions, and Pantry Supply Solutions. 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.
Free snacks and beverages are provided for employees.
Snacks and drinks are accessible with direct payment.
Pantry stocking and management are handled comprehensively.
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Funding Insights of Vendiman
Vendiman has successfully raised a total of $11.37M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $969.81 thousand completed in September 2022. 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 7
- Last Round Series B — $969,809
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First Round
First Round
(02 Sep 2017)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series B - Vendiman | Valuation | Protect Advisors , Anshu Goel | |
| Jul, 2022 | Amount | Angel Round - Vendiman | Valuation | Barkha Gole , Bharti Katta | |
| Nov, 2021 | Amount | Series B - Vendiman | Valuation | Protect Advisors |
| 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 Vendiman
Vendiman has secured backing from 17 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include RSH Global, JM Financial and JM Financial Private Equity. 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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Growth-equity focused private firm investing in SMEs
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Founded Year | Domain | Location | |
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Business consulting services are provided from Mumbai, India.
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Founded Year | Domain | Location | |
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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 Vendiman
| 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 - Vendiman
| 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 |
Vendiman Comparisons
Competitors of Vendiman
Vendiman 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, Vendekin, Azgo and Grubox, 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 |
Cashless vending solutions are integrated for smart product dispensing.
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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 |
Fresh meals are accessed through app-enabled smart vending kiosks.
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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 Vendiman
Frequently Asked Questions about Vendiman
When was Vendiman founded?
Vendiman was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Where is Vendiman located?
Vendiman is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Vendiman?
Aditi Jain is the current CEO of Vendiman.
Is Vendiman a funded company?
Vendiman is a funded company, having raised a total of $11.37M across 7 funding rounds to date. The company's 1st funding round was a Series B of $1.6M, raised on Sep 02, 2017.
How many employees does Vendiman have?
As of Apr 07, 2024, the latest employee count at Vendiman is 99.
What is the annual revenue of Vendiman?
Annual revenue of Vendiman is $7.65M as on Mar 31, 2023.
What does Vendiman do?
Vendiman is established as Indias leader in smart vending and instant retail experiences. Operations are focused on providing 24x7 access to food, beverages, and essentials across various sectors including corporates, airports, manufacturing, healthcare, education, and transit. Solutions are custom-built and scalable for diverse spaces, ensuring touch-free, tech-enabled convenience. Products offered are healthy, curated, and brand-led, aimed at making convenience easier, smarter, and safer for users nationwide.
Who are the top competitors of Vendiman?
What products or services does Vendiman offer?
Vendiman offers Company Paid Solutions, Consumer Paid Solutions, and Pantry Supply Solutions.
Who are Vendiman's investors?
Vendiman has 17 investors. Key investors include RSH Global, JM Financial, JM Financial Private Equity, Protect Advisors, and Advik Tecnocommercial Private Limited.
What is Vendiman's valuation?
The valuation of Vendiman is $11.65M as of Nov 2021.
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