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Smart vending platform Wendor raises $2.5 Mn in seed round

EntrackrEntrackr · 3m ago
Smart vending platform Wendor raises $2.5 Mn in seed round
Medial

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.

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Elanpro acquires 41% stake in Wendor

EntrackrEntrackr · 5m ago
Elanpro acquires 41% stake in Wendor
Medial

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.

illumine raises $2.5 Mn seed funding round led by Prime Venture Partners

EntrackrEntrackr · 29d ago
illumine raises $2.5 Mn seed funding round led by Prime Venture Partners
Medial

illumine, a startup transforming early childhood education through AI, has raised $2.5 million in a seed funding round led by Prime Venture Partners. The Bengaluru-based company had previously raised $779K in the same round. The proceeds will be utilized to accelerate its product development and international expansion. Co-founded in 2018 by Navneet Rastogi, Purva Goyal, and Sourabh Agarwal, illumine is a full-stack childcare management platform. It addresses the hassles of disjointed systems and outdated manual processes associated with childcare education. The company solves this by offering a vertical AI SaaS platform built specifically for childcare. The startup claims that its platform has been used by more than 3,000 centres across 56 countries, including the U.S., UAE, Southeast Asia, Europe, and India.

Battery Smart raises $65 Mn in Series B round

EntrackrEntrackr · 1y ago
Battery Smart raises $65 Mn in Series B round
Medial

Battery tech startup Battery Smart has scooped up $65 million in Series B round led by LeapFrog Investments. The equity round also saw participation from new and existing investors, including MUFG Bank, Panasonic, Ecosystem Integrity Fund, Blume Ventures and British International Investment (BII). While Battery Smart did not disclose its current valuation, it was valued at around $340 million during the first tranche of Series B worth $45 million. This was a significant surge in valuation from the $210 million in the pre-Series B round in November last year. The startup will use the capital to scale its battery-swapping network across the country and drive more electric mobility adoption, Battery Smart said in a press release. Battery Smart provides advanced lithium-ion batteries for electric two and three-wheelers which can be swapped in quick time at any of its swapping stations. Its battery-as-a-service (BaaS) solution helps customers to save high upfront costs. Currently, it claims to have 1,000 battery-swapping stations across 30 cities, completing over 35 million swaps with over 45,000 active customers. The firm has a presence in Haryana, NCR, Karnataka, Rajasthan, Telangana, Uttar Pradesh, and Maharashtra. Recently, Battery Smart tied up with quick commerce platform Zepto to deploy 1,000 electric vehicles in the next financial year of FY25. The partnership will allow Zepto’s EV delivery partners to use Battery Smart’s battery-swapping network. As per startup data intelligence platform TheKredible, Battery Smart saw a seven-fold jump in its revenue to Rs 55.8 crore from Rs 7.95 crore in FY22. Meanwhile, its losses also surged 4.9X to Rs 64.51 crore from Rs 13.08 crore. As per the latest data, Tiger Global controls 23% stake in Battery Smart followed by co-founders Pulkit Khurana and Siddharth Sikka with 14.28% stake each. Blume Venture holds more than 12% stake in the company. Check TheKredible for more details.

OneTab AI raises $3.3 Mn in seed round

EntrackrEntrackr · 4m ago
OneTab AI raises $3.3 Mn in seed round
Medial

OneTab AI raises $3.3 Mn in seed round Workplace SaaS startup OneTab AI has raised $3.3 million (Rs 28.6 crore) in its seed round co-led by LIT Fund and Orbit. The round also saw participation from a Singapore-based family office, SOSV, Sunil Kumar Singhvi and the company’s founders. The proceeds will be used to ramp up the development and deployment of OneAsk, its AI agent designed to manage the entire software development life cycle (SDLC). Founded in November 2023 by Saket Dandotia, Sonal Dandotia, and Alok Patil, OneTab integrates project management, communication, API development, CI/CD, and AI-driven automation into a single platform, addressing inefficiencies in traditional tools like Slack and Asana. Its proprietary LLMs, OneGPT and OneCode, enable AI-powered project management, coding assistance, and automation while ensuring data privacy through private hosting. Its flagship AI agent, OneAsk streamlines workflows into a single intelligent platform, enabling developers, project managers and businesses to work more efficiently.

Stride Green raises $3.5 Mn in seed round

EntrackrEntrackr · 1m ago
Stride Green raises $3.5 Mn in seed round
Medial

Stride Green raises $3.5 Mn in seed round Gurugram-based climate-tech platform Stride Green has raised $3.5 million in a seed funding round led by Micelio Technology Fund and Incubate Fund Asia, along with participation from other strategic investors. The proceeds will be used to expand the team, enhance its technology platform, and support its growth across India's clean energy transition sectors, including electric mobility, battery storage, and renewable energy. Founded by Ishpreet Gandhi and Vivek Jain, Stride Green provides asset financing and lifecycle management solutions tailored for sustainable businesses. It uses its proprietary tech stack to offer real-time analytics, alerts, and operational insights aimed at improving asset performance and longevity. The platform currently manages over 3,000 cleantech assets and collaborates with original equipment manufacturers and logistics firms. Stride Green facilitates leasing and financing solutions for these sectors, enabling companies to scale sustainably. Stride Green is also planning geographical and vertical expansion to deepen its role within the climate-tech space.

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