India, April 1 -- AI-driven vending solutions provider Wendor has secured a strategic investment of $2.5 Mn (around INR 21 Cr) from commercial refrigeration company Elanpro, which now holds a 41% stake in the firm.

As part of this investment, which is a mix of equity and debt, Wendor will also get operational support from Elanpro, enabling it to leverage an extensive service and logistics network across India, the company said in a statement.

Wendor plans to use the fresh capital to boost its AI-powered vending technology, develop computer vision solutions and to strengthen its market presence both domestically and globally.

Apart from this, the proceeds would be deployed to bolster its AI-driven vending technology with camera-based pr...