VC Fund Investments
Retail tech firm Vendekin raises Rs 8.5-Cr led by Better Capital
Pune-based Vendekin Technologies, which provides vending machine related technology solutions, has raised INR 8.5 crore in a pre-Series A funding round led by Better Capital with participation from existing investors CP Gurnani's family office and Vineet Nayyar's family office. Gurnani is CEO of Tech Mahindra while Nayyar is former vice-chairman and MD of Tech Mahindra. The fresh funds will be used towards investing in R&D and technology teams to improve customer experience at vending machines and micro markets. Vendekin also announced its plans to expand globally, to the US and Europe, as well as explore new avenues of “unattended commerce†such as EV chargers, amusement parks and laundromats. The company will also work at creating a new channel through its V-commerce platform.
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