Other Private Equity/Strategic Investments
Commercial refrigeration co. Elanpro acquires 41% stake in vending machines player Wendor
Gurugram-headquartered commercial refrigeration company Elanpro has acquired a 41% stake in Delhi-based smart vending startup Wendor .The partnership will enable Wendor to leverage Elanpro’s network and expertise in food and beverage retail, accelerating its growth in the cashless vending market. Elanpro will support Wendor in setting up manufacturing capabilities and navigating regulatory changes.Founded in 2017 by Ayush Pahwa, Lakshit Anand, Chaitanya Marwaha, and Harsh Gautam, Wendor offers smart vending machines powered by a proprietary SaaS platform for dispensing snacks, beverages, and other items. The startup uses artificial intelligence and Internet of Things (IoT) for real-time monitoring and stock management.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
