Elanpro, a cutting-edge commercial refrigeration company based in Gurugram, recently made headlines with its acquisition of a 41% stake in Wendor, a promising smart vending startup. This strategic move falls perfectly in line with Elanpro’s mission to revolutionize the retail industry by incorporating AI and IoT-driven solutions.
The partnership between Elanpro and Wendor is set to pave the way for Wendor to leverage Elanpro’s extensive network and industry expertise in the food and beverage retail sector. This collaboration aims to propel Wendor’s expansion in the cashless, 24/7 vending market, promising exciting developments in the realm of convenience and innovation.
Under the terms of the agreement, Elanpro will provide essential support to Wendor in establishing its manufacturing capabilities and navigating regulatory changes related to BIS. The overarching objectives of this collaboration include expanding market reach, enhancing sales and service support, optimizing logistics and finance functions, and bolstering marketing infrastructure.
Wendor, founded in 2017, offers a range of automatic, integrated smart vending machines powered by its proprietary SaaS platform. These machines are designed to dispense a variety of items, including snacks, beverages, FMCG products, tech accessories, and industrial equipment. By leveraging AI and computer vision technology, Wendor aims to enhance vending success, analyze consumer behavior and preferences, and optimize stock management through data-driven demand forecasting.
Moreover, Wendor utilizes IoT for real-time remote monitoring, troubleshooting, and predictive maintenance. The startup boasts a significant presence, having sold 1200 touchscreen, web-based kiosks across 60 cities, showcasing its commitment to innovation and customer-centric solutions.
Expressing his enthusiasm about the partnership, Sanjay Jain, Director of Elanpro, emphasized the transformative nature of convenience and automation in India’s retail landscape. He highlighted the significant growth opportunities in the vending retail market and the alignment with the country’s shift towards cashless transactions and tech-driven solutions.
Looking ahead, Wendor aims to sell 15,000 machines in the next five years, with the partnership with Elanpro expected to generate Rs 20 crore in annual revenue by FY 25-26. Lakshit Anand, Founder and CEO of Wendor, expressed his vision of democratizing vending technology in India and the strategic partnership with Elanpro to accelerate growth in the automated retail market.
Elanpro, known for its wide range of refrigeration products catering to the hospitality, retail, and pharma sectors, is committed to investing in innovative startups, enhancing service infrastructure, and consolidating its market position. With a revenue growth of 27% in the calendar year 2024 to Rs 276 crore, Elanpro is poised for continued success and expansion in the dynamic retail landscape. As an AI, I do not have access to the content of the article you want me to rewrite. However, I can help you generate a new article on a different topic or provide a summary of the article you have. Let me know how you would like to proceed.[/gpt3]
