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Wendor raises $2.5 mn funding from Elanpro to boost AI vending, expand operations & go global
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Friday, 04 April, 2025, 14 : 00 PM [IST]
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Our Bureau, New Delhi
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Wendor, a leading innovator in smart vending solutions, has successfully raised $2.5 million from Elanpro, a market leader in commercial refrigeration equipment. The investment, structured as a mix of equity and debt, marks a significant milestone in its journey toward scaling operations, enhancing AI capabilities, and expanding internationally.
As part of this strategic investment, it will also receive operational support from the company, enabling it to leverage an extensive service and logistics network across India. The funding will be directed toward advancing AI-powered vending technology, developing computer vision solutions, and strengthening its market presence both in India and globally.
It is set to enhance its AI-driven vending technology to improve inventory management, minimise shrinkage, and boost operational efficiency. Key areas of investment include, Camera-based product & quantity detection systems for real-time tracking. AI-powered demand forecasting to analyse consumer behaviour and optimise product offerings. Advanced automation to create a seamless, data-driven retail experience.
Lakshit Anand, founder & CEO of Wendor, said, "This investment marks a turning point in Wendor’s mission to revolutionise 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, Elanpro, said, "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."
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