🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

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

1 replies3 likes
1
Replies (1)
Image Description

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??

1 replies2 likes

More like this

Recommendations from Medial

Image Description
Image Description

SHIV DIXIT

CHAIRMAN - BITEX IND... • 1y

What do you think about vending machine business in India ?

6 replies6 likes
Image Description
Image Description

Manan Boricha

We founding companie... • 1y

Will Vending machine ever replace shops in India? Hypothetically speaking, large scale vending machine production and setting in India just like Japan's a good idea? I see some foodcourts in mall having few fancy vending machines and I think to mysel

See More
23 replies17 likes
3
Image Description
Image Description

Mitsu

extraordinary is jus... • 2m

Google Pixel vending machine at the Chicago airport. My only question: who’s out here buying phones from a vending machine?

5 replies4 likes
Image Description

Vileena

Hustler • 3m

What do you think? Would you grab a freshly made protein shake from a vending machine? probably assuming we have 10 famous protein powders in the vending machine mostly accesible in gyms metro and even educational institutions

1 replies22 likes
3
Image Description
Image Description

Kundan Karmakar

A Billionair at 2044 • 3m

India is a huge money printing machine in Mass Market rather than Niche Market.

2 replies17 likes
Image Description

MANAV VITHANI

ROBOTICS AND AUTOMAT... • 17d

Would You Use a Vending Machine for Essentials? We’re curious… Imagine a vending machine that could: Serve fresh paneer or milk daily 🥛 Let you refill grains like rice or dal without packaging ♻️ Accept UPI & work 24×7 without human staff 💸 Re

See More
2 replies4 likes
1
Image Description
Image Description

Sagnik Sen

Building GrindX • 10m

What is the main reason for the failure of Ed Tech Startups in India according to you? #edtech #startup #bujus #allen #pw #physicswallah

11 replies4 likes
Image Description
Image Description

IstandALONE

Making everyday coun... • 1y

Looking for Vending Machine Manufacturers or Businesses! Hello everyone,I'm currently in search of individuals or companies that manufacture vending machines or are involved in the vending machine business. Whether you're a seasoned professional in

See More
4 replies3 likes
1

Download the medial app to read full posts, comements and news.