Funding Alert
Vendekin Technologies bags Rs 8.5 cr in its Pre-Series A round of funding
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ByStartupStory | May 31, 2022
Vendekin Technologies, a provider of unattended retail technology, has secured Rs 8.5 crore in a pre-Series A fundraising round headed by Better Capital, with participation from CP Gurnani’s Family Office and Vineet Nayyar’s Family Office. The funds obtained will be utilised to improve R&D and technology teams in order to provide a better shopping experience for consumers at vending machines and micro-markets.
Aroon Khatter, the founder and CEO of Vendekin Technologies said that the firm is thrilled to welcome Better Capital on board as a strategic investor in our ambition to disrupt and modernise the worldwide unattended retail sector. And stated that they are particularly pleased about their plans for India, where they have established the v-commerce platform, which has spawned numerous entrepreneurs in the unattended retail field.
Better Capital’s Vaibhav Domkundwar stated that Vendekin is developing a stripe-like infrastructure for unattended retail, and the company is eager to work with their team as they grow their proven stack to service a worldwide client base.
Vendekin Technologies, founded in 2016 by Aroon Khatter, is a hardware-enabled SaaS firm that intends to democratise the worldwide unattended retail sector. The company offers exclusive technological solutions to major international corporations while also assisting small vending operators in digitising their operations. Vendekin is now present in six countries: India, the United Arab Emirates, the United Kingdom, the United States of America, Saudi Arabia, and Oman.
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Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
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