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Post on Medial

2024-02-18T13:04:59.624Z

This is so encouraging. 3 years back everyone was questioning if tech stocks will do well in India. Look at us now 💪

Amarnath

Stealth • 5m

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

Stealth • 5m

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

Stealth • 5m

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 p

SHIV DIXIT

Stealth • 5m

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 ye

Amarnath

Stealth • 5m

Thank for your valuable input. I have already started RnD on the device still long way to go. Atleast 2 years to amke mass facuring products and 1 year to real world experience. I have found few behaviour data, major feed back I got is accountability, rn there are very limited machines at limited spaces and people have trust issues as they don't know whome to contact if their product got stuck and they don't want to take the chance at first place. For people who want to use there are not enough machine near to them. I have seen couple companies ( big basket) who even manage the inventory of the vending machines but their business operation costs are not even near to profitable atleast at this point. Would be great if you can help me in such similar data in your knowledge.

0 replies1 like

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