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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 n

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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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Amarnath

One who doesn't die • 1y

Thanks for putting your time and effort. So according to you the major problems are, Unable to use as un educated Pricing of current products are high Security of the machine And clear USP. That's some valuable feed back. I agree with alla the points, however I believe last 4,5 years people have been using digital payments and adoption is in increasing trend.. My calculation is if I can deliver a product with smaller form factor at affordable price ( mostly inhouse manufacturing) and create a USP (My planning is to create a distribution network through vending machines where entreprenures can easily launch their products to the target audience) There's a chance to grab some market. I'm thinking there's a good probably for this and anyway if not today atleast after 10 years the users will be more ( old people will be low and new generation kids easily learn to place an order online). What are your thoughts on this??

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