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Elanpro acquires 41% stake in Wendor

Entrackr

Entrackr · 5m ago

Elanpro acquires 41% stake in Wendor

Elanpro acquires 41% stake in Wendor The deal aims to expand market reach, enhance sales and service support, optimize logistics and finance functions, and strengthen marketing infrastructure. Commercial refrigeration company Elanpro has acquired a 41% stake in smart vending startup Wendor, aligning with its strategy to lead the retail industry's shift towards AI and IoT-driven solutions. The partnership will enable Wendor to leverage Elanpro’s network and expertise in food and beverage retail, accelerating its growth in the cashless vending market. Elanpro will support Wendor in establishing manufacturing capabilities and navigating regulatory changes related to BIS. The deal aims to expand market reach, enhance sales and service support, optimize logistics and finance functions, and strengthen marketing infrastructure. Founded in 2017 by Ayush Pahwa, Lakshit Anand, Chaitanya Marwaha, and Harsh Gautam, Wendor offers smart vending machines powered by a proprietary SaaS platform for dispensing snacks, beverages, and other items. The startup uses AI and IoT for real-time monitoring and stock management. It has sold 1,200 kiosks across 60 cities and plans to sell 15,000 machines in the next five years. The two companies estimate the partnership will help generate Rs 20 crore in annual revenue by FY26. Elanpro, established in 2009, provides refrigeration products for the hospitality, retail, and pharma sectors. The company recorded Rs 276 crore in revenue in 2024 and aims to invest in innovative startups to strengthen its market position.

Related News

Smart vending platform Wendor raises $2.5 Mn in seed round

Entrackr

Entrackr · 3m ago

Smart vending platform Wendor raises $2.5 Mn in seed round

Smart vending platform Wendor has raised $2.5 million (about Rs 21 crore) in a seed funding round led by Elanpro. The investment includes equity (₹5 crore) and debt (₹16 crore). Wendor will receive operational support from Elanpro to leverage an extensive service and logistics network across India. The funds will advance AI-powered vending technology, develop computer vision solutions, and strengthen Wendor’s market presence in India and globally. Launched in 2021 by Lakshit Anand, Wendor offers AI-driven vending and automated retail solutions focusing on digital payments, mobile integration, and smart vending technology. The company provides customizable, cashless vending machines with a cloud-based management system. Wendor plans to enhance its AI-driven vending technology to improve inventory management, minimize shrinkage, and boost operational efficiency. It aims to launch camera-based product and quantity detection systems for real-time tracking and offers AI-powered demand forecasting to optimize product offerings. To reinforce its market presence, Wendor plans to launch ten experience centers in key metro and Tier-1 cities, showcasing AI-based product recognition, automated inventory tracking, and refrigeration-integrated vending technology. The company has collaborations with NAFED and installations at Rashtrapati Bhawan, the Taj Mahal, and Fatehpur Sikri. It also partners with Coca-Cola, Amul, Nivea, Apollo Hospitals, Unilever, and Fortis.

Clear Premium Water acquires majority stake in drinking water brand

VCCircle

VCCircle · 1y ago

Clear Premium Water has acquired a majority stake in Kelzai Volcanic Water, according to Energy Beverages Pvt Ltd. The financial terms of the transaction have not been disclosed. As a result of the acquisition, Energy Beverages will distribute and market Kelzai Volcanic Water, allowing Clear Premium to expand its product portfolio and Kelzai to benefit from Clear Premium's pan-India presence. Kelzai, which supplies water sourced from volcanic springs, recorded a net sales of Rs 3 crore but experienced a loss, while Clear Premium Water clocked Rs 41 crore in net sales in FY21.

GMR Airports' subsidiary completes 70% stake purchase in group co

Economic Times

Economic Times · 21d ago

GMR Airports' subsidiary completes 70% stake purchase in group co

GMR Airports Ltd's subsidiary, GMR Hyderabad International Airport Ltd (GHIAL), has completed the acquisition of a 70% stake in ESR GMR Logistics Park Pvt Ltd, enhancing its airport-based industrial and warehousing assets. GHIAL, which already held a 30% stake, acquired the additional shares for over Rs 41 crore. This strategic move aims to strengthen GMR's logistics capabilities in Hyderabad. Following the announcement, GMR Airports' shares rose 1.44% on the BSE.

Standard General makes offer to buy remaining stake in casino operator Bally's

Reuters · 1y ago

Standard General makes offer to buy remaining stake in casino operator Bally's

Hedge fund Standard General has made an offer to acquire the remaining stake in Bally's Corp, valuing the casino operator at approximately $684 million. Standard General currently owns a 23% stake in Bally's and is its largest shareholder. The offer of $15 per share represents a 41% premium to Bally's last closing price. Standard General expects the offer to be considered by a special committee and will proceed only if approved. Shares of Bally's surged 26% following the announcement.

Warburg Pincus acquires stake in Everise

Livemint

Livemint · 1y ago

Warburg Pincus acquires stake in Everise

Private equity firm, Warburg Pincus, has acquired a stake in IT services firm Everise Holdings at a valuation of $1 billion, with majority owner Brookfield Asset Management retaining some of its stake. Everstone will exit as part of the transaction. This is Warburg Pincus' entry into the global outsourced technology-enabled services space. The transaction is subject to regulatory approvals and expected to close by the end of 2023. Everise provides healthcare services outsourcing and employs over 19,000 people across eight markets.

Why Saregama acquired ownership in digital entertainment company Pocket Aces

IndianStartupNews

IndianStartupNews · 1y ago

Why Saregama acquired ownership in digital entertainment company Pocket Aces

Indian music label Saregama has acquired a majority stake (51.8%) in Mumbai-based digital entertainment company Pocket Aces Pictures for Rs 174 crore. Saregama plans to acquire an additional 41% stake in the next 15 months. Pocket Aces has a strong presence on digital platforms like Instagram and YouTube, with a reach of over 95 million users. The acquisition will help Saregama strengthen its position in the digital music industry and tap into the growing young digital audience. Pocket Aces' revenue from operations was Rs 104 crore in FY23 and is expected to grow further.

Nazara Acquires 100% Stake In Subsidiary Nextwave For INR 21.6 Cr

Inc42 · 1y ago

Nazara Acquires 100% Stake In Subsidiary Nextwave For INR 21.6 Cr

Nazara has acquired an additional 28.12% stake in Nextwave for INR 21.6 Cr. This comes after Nazara previously acquired a majority stake in Nextwave in January 2018. However, Nazara's consolidated net profit for Q4 FY24 has declined by 98% YoY to INR 18 Lakh.

Adani acquires 50.5% stake in IANS, making presence stronger in media sector

Livemint

Livemint · 1y ago

Adani acquires 50.5% stake in IANS, making presence stronger in media sector

Adani Group has acquired a 50.5% stake in news agency IANS India Pvt Ltd, further expanding its presence in the media sector. Adani Enterprises, the holding company's media arm, disclosed in a regulatory filing that its subsidiary AMG Media Networks Ltd purchased the stake. This move follows Adani's previous acquisitions of Quintillion Business Media and a majority stake in broadcaster NDTV. Adani Group aims to invest ₹7 trillion ($84 billion) in infrastructure over the next decade.

Coforge acquires 17% stake in Cigniti Technologies for Rs 645 Cr

YourStory

YourStory · 1y ago

Coforge acquires 17% stake in Cigniti Technologies for Rs 645 Cr

IT company Coforge has acquired a 17% stake in Cigniti Technologies for INR 645 crore through open market transactions. Coforge purchased a total of 46,18,199 shares or 16.9% stake in Cigniti Technologies at an average price of INR 1,398.5 per share. In addition, public shareholders and promoters of Cigniti Technologies sold their shares in the company. Coforge had previously acquired an 11% stake in Cigniti Technologies for INR 426 crore. Cigniti Technologies' shares fell 1.28% to close at INR 1,367.20 per piece on the NSE. The deal is subject to certain conditions precedent.

Nvidia Acquires $4 Million, 10% Stake in Serve Robotic

deepnewz

deepnewz · 12m ago

Nvidia Acquires $4 Million, 10% Stake in Serve Robotic

Nvidia has acquired a 10% stake in Serve Robotics, an autonomous vehicle company specializing in last-mile delivery. The investment, worth around $4 million, follows Nvidia's previous investments in the company. Serve Robotics' stock surged by 171% following the announcement. The company went public in March and upgraded to Nasdaq in April. Nvidia's stake adds momentum to Serve Robotics, which has seen significant trading volume and price appreciation, with shares reportedly gaining over 600% since earlier this month.

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