Smart vending platform Wendor raises $2.5 Mn in seed round

Entrackr · 2d

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.