Vending

Vendekin Technologies raises $1.09M

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May 31, 2022

Vendekin Technologies, an India based unattended retail technology solutions provider, has raised INR 8.5 crores ($1.09 million) in a pre-Series A funding round led by Better Capital with participation from existing investors CP Gurnani's Family Office and Vineet Nayyar's Family Office, according to a press release.

The capital will primarily be used to strengthen R&D and technology teams to drive the consumer buying experience at vending machines and micro markets. The company further plans to expand into global markets such as the U.S. and Europe, explore new avenues of unattended commerce such as EV chargers, amusement parks and laundromats, as well as create a new channel of unattended retail in India.