In keeping with its goal of spearheading the retail sector’s transition to AI and IoT-driven solutions, commercial refrigeration company Elanpro has purchased a 41 percent share in smart vending startup Wendor.
Wendor’s expansion in the cashless vending market will be accelerated by the partnership, which will allow it to take advantage of Elanpro’s network and experience in food and beverage retail. Wendor will receive assistance from Elanpro in developing manufacturing capabilities and managing BIS-related regulatory changes.
Expanding market reach, improving sales and service support, streamlining finance and logistics operations, and fortifying marketing infrastructure are the objectives of the deal.
Wendor, a company founded in 2017 by Lakshit Anand, provides drinks, snacks, and other goods through intelligent vending machines that are driven by a proprietary SaaS platform. For real-time monitoring and stock management, the startup leverages AI and IoT. In 60 cities, it has sold 1,200 kiosks, and within the next five years, it hopes to sell 15,000 machines. By FY26, the partnership is expected to contribute to an annual revenue of Rs 20 crore, according to both companies.
Since its founding in 2009, Elanpro has supplied refrigeration products to the retail, hospitality, and pharmaceutical industries. The company’s 2024 revenue was Rs 276 crore, and it plans to bolster its market position by investing in creative startups.
