In a seed fundraising round headed by Elanpro, the smart vending platform Wendor has raised $2.5 million, or roughly Rs. 21 crore. The investment is set up as a combination of loan (Rs. 16 crore) and equity (Rs. 5 crore). Elanpro will also provide Wendor with operational support, allowing it to take advantage of a vast service and logistical network throughout India.
According to a press release from the firm, the money will be used to improve computer vision solutions, promote AI-powered vending technologies, and bolster Wendor's market position in India and around the world.
Wendor, which was founded in 2021 by Lakshit Anand, offers automated retail and AI-driven vending solutions in India. It seeks to influence the direction of retail automation with an emphasis on mobile integration, digital payments, and smart vending technology. Compact, adaptable, cashless vending machines with a cloud-based management system are available from the company, which specializes in cutting-edge vending technology and IoT solutions with an emphasis on retail and service experiences.
Wendor intends to upgrade its AI-powered vending machine technology in order to increase operational effectiveness, reduce shrinkage, and manage inventory better. For real-time tracking, it also intends to provide camera-based product and quantity detecting devices. The company provides sophisticated automation to provide a smooth, data-driven retail experience, as well as AI-powered demand forecasting to examine customer behavior and optimize product offerings.
In the next two months, Wendor plans to open ten experience centers in major metro and Tier-1 cities to strengthen its market presence.
Speaking on the funding moment, Lakshit Anand, Founder & CEO of Wendor, stated, “This investment marks a turning point in Wendor’s mission to revolutionize automated retail. With Elanpro’s financial backing and operational expertise, we are well-positioned to execute an ambitious expansion strategy across India and internationally. Our focus on AI-driven innovation will redefine vending as a smarter, more efficient, and engaging retail experience.”
Sanjay Jain, Director of Elanpro, expressed enthusiasm about the partnership,“We are excited to support Wendor’s growth journey. Our extensive service network, import-export capabilities, and dealer partnerships will provide Wendor the operational muscle needed to scale efficiently. This partnership strengthens Wendor’s position in India while setting the stage for global expansion.”
