Elanpro, a leading commercial refrigeration company, has acquired a 41% stake in smart vending startup Wendor, as part of its strategic push to lead the retail industry’s transition to AI and IoT-driven solutions. This collaboration underscores Elanpro’s commitment to innovation and positions it at the forefront of the evolving retail ecosystem.
The partnership is expected to unlock significant synergies for both companies. Wendor will leverage Elanpro’s extensive network and expertise in the food and beverage retail sector, enabling accelerated growth in the cashless vending market. Elanpro, in turn, will support Wendor in establishing manufacturing capabilities and navigating regulatory requirements, including compliance with BIS (Bureau of Indian Standards).
The collaboration aims to expand market reach, enhance sales and service support, streamline logistics and finance functions, and strengthen marketing infrastructure. With a focus on operational efficiency and cutting-edge technology, the deal sets the stage for significant growth.
Founded in 2017 by Lakshit Anand, Wendor specializes in smart vending machines powered by a proprietary SaaS platform. These machines offer snacks, beverages, and other items while utilizing AI and IoT for real-time monitoring and stock management. Wendor has already sold 1,200 kiosks across 60 cities and aims to scale this number to 15,000 machines within the next five years. The partnership is projected to generate Rs 20 crore in annual revenue by FY26.
Elanpro, established in 2009, provides advanced refrigeration solutions to the hospitality, retail, and pharmaceutical sectors. The company posted Rs 276 crore in revenue in 2024 and is actively investing in innovative startups to bolster its market position.
This strategic investment in Wendor aligns with Elanpro’s vision of shaping the future of retail through technology and innovation, paving the way for smarter, more efficient vending solutions in India.
