Wendor Innovations has raised ₹21 crore from Elan Professional Appliances, following which Elanpro now has a 41% stake in Wendor.

VERTICES PARTNERS represented Wendor on this transaction.

The transaction team was led by Manasi Pathak Verma (Partner) with assistance from Associates, Liji Anna Thomas and Garima Thukral.

ASL Legal represented Elanpro on this transaction.

The transaction team was led by Joseph Pookkatt (Partner), with assistance from Abhijeet Srivastava (Associate).

The investment comprises ₹5 crore in equity and ₹16 crore in debt. As part of this strategic partnership, Elanpro will provide operational support, granting Wendor access to its extensive logistics and service network across India.

The funds will be utilized to enhance Wendor's AI-powered vending technology, including the development of camera-based product and quantity detection systems for real-time tracking, AI-driven demand forecasting to analyze consumer behavior, and advanced automation to create a seamless, data-driven retail experience .

Additionally, Wendor plans to launch ten experience centers across key metro and Tier-1 cities in the next two months, providing customers with hands-on interaction with its advanced vending solutions .

Founded in 2021 by Lakshit Anand, Wendor offers compact, cashless vending machines managed through a cloud-based system, focusing on digital payments, mobile integration, and IoT-based technology. The company has established partnerships with notable brands such as Coca-Cola, Amul, Nivea, Apollo Hospitals, Unilever, and Fortis, and has installations at prominent locations including Rashtrapati Bhawan, the Taj Mahal, and Fatehpur Sikri .

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