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Amarnath

One who doesn't die • 1y

Hey fellas, how you all doing..... Coming straight to the point what you guys think about future of vending machines business in India. I have been looking in to this for a while and identified few problems and few points why it is good to start now than earlier. Wanna know your opinions and expertise... All sort of comments, analysis, feedbacks, opinions are welcomed... Would appreciate it if you have simplified it in to problems and market scope.... Anyway for the first time in my life I'm feeling that I'm surrounded by right kind of people. Thanks to medial app and it's founders....

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SHIV DIXIT

CHAIRMAN - BITEX IND... • 1y

Amarnath , mostly Indian audience are uneducated and don't know ethics so if you implement vending machine in anywhere in India then it becomes massive disaster because people will forcefully break these machines or create any problem for you . According to Chinese market most affordable vending machine is around 70k to 1.5lakh that's the basic pricing. If we mass produce this in India then maybe cost we will decrease the cost but the main problem is components and rnd. 2-3 startup already working on this space and according to me best place to set-up vending for now in India is teir 1 malls and cricket stadium but still what's the main USP product because shacks already available in the market. So it takes some time like 3-4 years for proper market creation

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