Vendekin Technologies Inc. (fka Convipay Inc.), a Dover, DE, USA- and Pune, India-based end-to-end integrated intelligent vending solution, recently secured an undisclosed amount in a pre series A funding.
The round was led by Kiran Karnawat, former CEO & MD, promoter at Taiyo Nippon Sanso K-Air India Pvt. Ltd., one of the top 5 companies in industrial gases in India.
The company will use the funds to expand operations into U.S., Japan and Europe.
Established in 2016 by Aroon Khatter, CEO, Vendekin is focused on simplifying the entire vending ecosystem with an integrated, holistic solution that enables cashless, touch-free product dispensing of beverages and other products through cashless payment. The company provides a comprehensive vending management system with supply chain alerts and analytical reports.
The hardware is installed in an existing vending machine while the app for both consumer and distributor is installed on the users’ phone. Within seconds, the user gets their beverage, touch-free and digitally powered.
Vendekin is a Praavega company. Praavega Systems is the country’s first startup entrepreneurial platform dedicated to mentoring and growing startups. Anshoo Gaur, CEO and Founder of Praavega, is also Chairperson and Co-founder Vendekin.
FinSMEs
03/11/2017