Vendekin Technologies Secures INR 8.5 Crore In Pre-Series A Funding The fund raised will be used to strengthen R&D and technology teams to drive superior consumer buying experience at vending machines and micro markets.

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Vendekin Technologies, an unattended retail technology solution, has raised INR 8.5 crore in pre-Series A funding round led by Better Capital, along with the participation of CP Gurnani's Family Office and Vineet Nayyar's Family Office. The fund raised will be used to strengthen R&D and technology teams to drive superior consumer buying experience at vending machines and micro markets.

"We are excited to have Better Capital as our strategic investor in our mission to revolutionize to digitize the unattended retail sector globally. We are also excited about our plan for India where we have launched our v-commerce platform which is spawning many entrepreneurs in the unattended retail space," said Aroon Khatter, founder and CEO, Vendekin Technologies.

Vendekin aims to expand into global markets such as USA and Europe, explore new areas of unattended commerce such as EV chargers, amusement parks, and laundromats. The company aims to grow its presence from 4000 to 50,000 machines and unattended kiosks by 2025. It currently facilitates around 1 million unattended retail transactions a month in India, claimed by the company in a statement.

"Vendekin is building a stripe-like infrastructure for unattended retail, and we are excited to partner with their team as they scale their proven stack to serve a global customer base," said Vaibhav Domkundwar, Better Capital.

Founded in 2016 by Aroon Khatter, Vendekin Technologies is a hardware-enabled SaaS company which aims to democratize the global unattended retail market. The company provides its proprietary technology solutions to large multinational companies as well as helps small vending operators digitize their business. Vendekin is currently operating in six countries including India, UAE, UK, US Saudi Arabia and Oman.

According to reports, the global market for vending is projected to reach $146.6 billion, growing at a CAGR of 1.3 per cent by 2027. In India, it is expected to grow faster at 14.9 per cent CAGR, growing its market ten times within this period.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Related Topics


International Security Firm Welcomes Female India Native to an Essential Leadership Position

Yasmin Brar has been appointed as the Operations Strategy Director, a role that underscores the company's commitment to innovation, expansion, and strategic management

Data & Recovery

Get 2TB of Cloud Storage with PhotoSphere for Just $280 for a Limited Time

Easily store and access photos, videos, and other files spread across your work devices.


How Learning to Take Care of Myself Helps Me Take Care of My Business

For entrepreneurs, particularly women, balancing the myriad responsibilities of business ownership can be all-consuming. You can't pour from an empty cup — here's how I started putting myself first and how it made my business more successful, too.

News and Trends

Kaynes Semicon To Invest INR 4,000 Crore On OSAT/ATMP

The investment is expected to create around 1,000-plus jobs


How to Work Less But Bring in More Money — The Value of Blitzscaling Your Business

Contrary to what many might believe, opening multiple units of a franchise business does not result in exponentially more work. By compounding and blitzscaling, franchise owners actually work less as they open more locations.

Business Solutions

Stay Organized with This Task Management Tool, on Sale for $30

A Study Planr Pro subscription is just $30 for life.