Vendekin Technologies bags Rs 8.5 cr in its Pre-Series A round of funding
- 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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