New Delhi, 1st April 2025: Wendor, a leading innovator in smart vending solutions, has successfully raised $2.5 million (approximately INR 21 crore) from Elanpro, a market leader in commercial refrigeration equipment. The investment, structured as a mix of equity (INR 5 crore) and debt (INR 16 crore), marks a significant milestone in Wendor’s journey toward scaling operations, enhancing AI capabilities, and expanding internationally.

As part of this strategic investment, Wendor will also receive operational support from Elanpro, 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 Wendor’s market presence both in India and globally.

Wendor is set to enhance its AI-driven vending technology to improve inventory management, minimize 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 analyze consumer behavior and optimize product offerings. Advanced automation to create a seamless, data-driven retail experience.

Speaking on the funding milestone, Mr. 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.”

This collaboration grants Wendor access to Elanpro’s robust service infrastructure, including Nationwide warehousing & dealer network for enhanced service capabilities. Import-export logistics support to facilitate international expansion. Integrated hardware, software & refrigeration expertise to ensure reliable maintenance and superior customer service.

Mr. 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.”

To reinforce its market presence, Wendor plans to launch ten experience centers across key metro and Tier-1 cities in the next two months. These centers will provide customers with hands-on interaction with Wendor’s advanced vending solutions, including AI-based product recognition, Automated inventory tracking, Refrigeration-integrated vending technology. Furthermore, Wendor is eyeing international expansion, targeting the Middle East and Southeast Asia as key growth markets.

Wendor has already established strong collaborations, including NAFED and installations at government offices, including Rashtrapati Bhawan. Vending machines at Taj Mahal & Fatehpur Sikri in partnership with Uttar Pradesh State Tourism & Agra Development Authority. Brand partnerships with Coca-Cola, Amul, Nivea, Apollo Hospitals, Unilever, and Fortis.