Most Frequently Asked Questions about Vending Machine Technology

Starting a new business can get a bit scary, especially when the industry you are entering is rapidly evolving. And with the introduction of the latest vending machine technology in India the vending industry is going through a period of growth and disruption. This also means more opportunities for entrepreneurs and brands! And with that come questions.

Team Vendekin Technologies compiled a list of the most frequently asked questions by new vending entrepreneurs and brands as they enter the vending machine industry. And these FAQs have been answered in detail by Vendekin’s marketing and product experts to ease the journey for anyone starting out in the vending industry. So, let’s dive right into these questions...

How much does a vending machine cost in India?

The costs of vending machines may vary depending on its size, type and the customisation done on it. The smallest machine may cost anywhere close to Rs. 1 lakh and may go up to Rs. 8-10 lakhs. Having worked with various vending machine suppliers in India, we have found that a vending machine made to sell delicate products like sweets and snacks can cost between Rs.2.5-3.5 lakhs, while combination machines that have a built in chiller for refrigeration can cost anywhere between Rs. 4-4.5 lakhs.

How often is restocking a vending machine required?

Vending machines are stocked by vending machine operators. Refilling depends on the frequency of sales. And sales depend on the location where the machines are installed. It goes without saying that places with high footfall will see increased usage of the machines. When a new vending operator (NVO) or brand gets onboarded to Vendekin Technologies, they get more than just smart vending machines installed with the latest vending machine technology in India. The marketing team at Vendekin helps identify locations with better footfall. Moreover, with the help of our vending machine management software, vNetra, NVOs and brands in India can track and analyse sales from all their machines as per location and tweak their efforts accordingly.

How big can vending machines get?

Vending machines come in a great variety of shapes and sizes. The smallest machines powered by Vendekin are 3 x 3 feet in height and width, while the biggest Vendekin smart vending machine, a hot food vending machine has dimensions of 6.5 x 5 x 4 feet in height, depth and width respectively. To reiterate, the size of the vending machine purely depends on the product being sold.

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Stories from Vendekin's Second Outing At the Retail Leadership Summit (RLS) In Mumbai

Vendekin Technologies participated in the Retail Leadership Summit (RLS) 2022, organised by the Retailers Association of India. This was the second instance where Vendekin participated in the RLS, the first time in 2020. The vending machine industry is one of the most crucial segments of the retail industry, also known as the unattended or unmanned retail. Vendekin Technologies took part in this prestigious event with two goals in mind.

1. To study and understand the winds of change in the retail industry post opening up of markets after removal of Covid-19 lockdown restrictions.
2. To showcase the vision that the future of retail is Instant Commerce and how we’re pioneering it with the best vending machine management software in India and globally.

The Future is Instant Commerce

Our founder Mr. Aroon Khatter presented Vendekin’s POV of the future of retail in India and globally and everything about Instant Commerce (Vcommerce) on the second day of the summit held at the Westin Mumbai Powai Lake.

Instant Commerce is the natural extension of QCommerce or Quick Commerce (Swiggy Instamart, BlinkIt, Dunzo), which has grown from Ecommerce. The internet gave us all the gift of convenience, where one could be sitting in the safe and comfortable confines of their homes and ordering what they desire through online shops. While Ecommerce ensures our products are delivered to our doorstep within a couple of days or purchase, Qcommerce bridges that gap by establishing a robust local ecosystem of vendors that can fulfil the needs of the end consumer within a few hours. Instant Commerce, or we love to call it, Vcommerce (Vending Commerce), is the future, which brings the store to the customer with smart cashless vending machines solutions in India powered with the smart tech of online payments, touchless user interface, and a digitally managed inventory for the retailers and vending machine operators.

Giving RLS an experience of VCommerce

Our marketing and customer success team too participated in this summit. Vendekin Technologies booth had its latest smart vending machines on display, which gave the visitors a first-hand experience of Instant Commerce. We noticed that this year’s summit had a lot of first time attendees, and the ones who interacted with our teams were delighted by the power of Vcommerce, smart cashless vending machines solutions in India, the platforms we provide, like vNetra for retailers to manage their vending machine operations effectively, digitally and the scalability it provides to their businesses on how to go from 10 to 2000 machines spread all over the country.

We also attended some interesting talks and panel discussions at the event, which gave us an interesting POV, since there were several shifts in perspective in the retail industry that were clearly evident right from the opening keynotes to the offerings of the several exhibitors at the event.

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