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.
Free snacks and beverages are provided for employees.
Snacks and drinks are accessible with direct payment.
Pantry stocking and management are handled comprehensively.
People of Vendiman
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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.
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.
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Growth-equity focused private firm investing in SMEs
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Business consulting services are provided from Mumbai, India.
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Investor details for Vendiman
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Investments & Acquisitions by Vendiman
Investment portfolio details for Vendiman
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Financial Statements - Vendiman
Detailed financials for Vendiman
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Vendiman Comparisons
Peer comparison for Vendiman
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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.
| 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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Cashless vending solutions are integrated for smart product dispensing.
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IoT-powered snack vending machines for offices
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Fresh meals are accessed through app-enabled smart vending kiosks.
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Detailed competitors of Vendiman
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Latest news on Vendiman
Complete news archive for Vendiman
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Frequently Asked Questions about Vendiman
Vendiman was founded in 2013 and raised its 1st funding round 4 years after it was founded.
Vendiman is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Aditi Jain is the current CEO of Vendiman.
Vendiman is a funded company, having raised a total of $11.37M across 7 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Vendiman is 99.
Annual revenue of Vendiman is $7.65M as on Mar 31, 2023.
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.
Vendiman offers Company Paid Solutions, Consumer Paid Solutions, and Pantry Supply Solutions.
Vendiman has 17 investors. Key investors include RSH Global, JM Financial, JM Financial Private Equity, Protect Advisors, and Advik Tecnocommercial Private Limited.
The valuation of Vendiman is $11.65M as of Nov 2021.