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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

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 . Acc

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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Replies (1)

SHIV DIXIT

CHAIRMAN - BITEX IND... • 1y

People will accept this no doubt and you should start working on this side by side as a part time research. Create small number of prototype and also create blue print for mass production so in future you can start this instantly but for now 2-3 years its seems like there is very less opportunity and if you really want to work on this then you can directly import vending machines from China and test this in Indian market for customer behaviour data.

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