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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In Conversation with Varun Shah - Co-Founder, Vendo Systems

In this edition of In Conversation, our interview series, we got talking to Mr. Varun Shah, the co-founder and partner at Vendo Systems, a Pune-based vending machine operator, who uses Vendekin Technologies’ smart and touchless vending machine technology in India to power his vending machines. Mr. Varun shares his experience of introducing smart vending to various residential societies and corporate houses, the challenges they have faced and what they look forward to in future with their smart vending business. Excerpts from the conversation:

Please tell us about your business. How and why was Vendo founded? Can you please tell us about yourself?

Vendo was originally the brainchild of Sohel, a dear friend, who I have known for 8 years now. Both of us had our own businesses, I was into the events industry while Sohel ran his rolling paper business. The pandemic-induced lockdowns made us realise that our current businesses cannot be run remotely. Sohel was looking for newer opportunities when one of his cousins introduced him to Aroon Khatter, founder of Vendekin Technologies. Sohel saw potential in smart unattended retail. and started Vendo in December 2020 and soon after in January 2021, I came on board. Since then, all our machines have been powered by Vendekin.

Why did you choose to go into the unmanned vending retail business over other opportunities in retail?

We saw that during the pandemic, people started taking their health and related safety precautions very seriously. We also noticed that there were no provisions for availability of essential products on a 24X7 basis. We saw this as an opportunity to introduce vending machines or unmanned retail as a solution that fills this gap, fulfilling the customer’s need for both safety and convenience. Powered by Vendekin’s intelligent vending machine solutions in India, these smart vending machines can dispense snacks, beverages and other essentials any time of the day or night. Plus the consumers can pay for it via cash or through a completely cashless and touchless digital transaction on their phones.

How many places in Pune are your vending machines located in right now?

We started off small with 3 smart vending machines. And now have 14 Vendekin-powered vending machines spread all across Pune in Maharashtra. This was possible because Vendo was handheld by Vendekin during its initial days in the industry on all crucial aspects. Our first installation was in a residential society named Rohan Kritika, followed by Rohan Mithila in Pune.

Apart from these, we have also manage some of the best digital vending machines in the Pune offices of Resalary and Webasto

Any key takeaways on your experience working with residential complexes vis-a-vis corporates?

Both were obviously vastly different experiences for us at Vendo. Residential complexes and their governing bodies require a lot more convincing and explaining on how the machine operates, its benefits and its ongoing usage and maintenance. Corporates, on the other hand, are familiar with the concept of unattended retail and vending, so they already have a budget for such installations. The large number of people in their offices, which in turn means high volumes, makes unmanned retail an ideal option. One benefit of working with  residential complexes is that it gives us a chance to educate and engage with their residents, a majority of whom work with large corporates, and therefore could be future clients or decision-makers as well.

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In conversation with Pranav Kumar, General Manager - Design & Development at Godrej & Boyce

Scan – Select – Pay – Enjoy!

That’s how employees of corporate offices with Godrej & Boyce’s smart vending machines get their coffee and snacks at work, without having to carry jingling loose change or a wad of notes for exact payments of their coffee or tea.

And this touchless vending machine experience in India is increasingly being powered by Vendekin Technologies for leading integrated vending service providers such Godrej & Boyce. Their vending arm, Godrej Vending has used Vendekin Technologies powered solutions to upgrade their vending machine technology to further strengthen their corporate vending solutions and be ready for the touchless and cashless future of unattended retail. Pranav Kumar, the General Manager of the Design and Development at Godrej & Boyce talks about this journey and what is to come…

Please tell us a little about yourself and Godrej & Boyce.

Godrej & Boyce Limited is one of the biggest companies in India in multi-technology products. One of the products we design and manufacture are beverage vending machines. We are in the business of table-top tea and coffee vending machines, and we sell our machines in the domestic as well as international markets like SAARC countries, the Middle East, South Africa, Canada and even USA. We build a wide variety of machines, which can dispense beverages like tea, special and instant coffees, and some specially designed machines even dispense oatmeal.

Our machines have got very good acceptance by customers, due to its technology, flexibility in usage, quality of the output (product) and the varieties we offer in them.

How did the association between Vendekin Technologies & Godrej come about?

We at Godrej & Boyce are entirely into the development of technology for coffee vending machines.  We were looking for a technology partner to provide us with a tech platform to integrate digital payment systems, cloud computing, and IoT (Internet of Things) in our vending machines, in order to make life more convenient for our end-users. That's when we came across Vendekin, who have created an excellent ecosystem of future-ready smart vending machine technology in India. We tested Vendekin's technology with our machines and found them to be flexible and easy to integrate. It took us hardly a month to integrate all our tea and coffee vending machines with Vendekin's tech. With our machines and Vendekin's smart systems, we were able to offer digital payment gateways (for commercial coffee vending machines), consumption reports, inventory management, machine health alerts and many customer-centric offerings to our clients.

How easy was it to set up a Vendekin device on your existing vending machines?

We found that Vendekin’s technology is ready for integration with any kind of vending machine, from the basic machines to the more premium ones. Integrating Vendekin’s technology into our machines didn’t require us to make any sort of changes to our systems or the machines itself. It was as easy as plug and play into our systems.

How do Vendekin powered machines differ from the normal ones?

The machines without Vendekin’s technology are free-vend machines, which means they do not really have any payment systems in them. After integrating Vendekin’s smart vending technology with our machines, they became digital-ready and equipped with digital payment options for India and international markets too. So we were able to offer our machines to our international clients too with digital payment options integrated with payment gateways accepted in their countries.

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