Vengo Labs on Shark Tank
Another convenience feature for this new Shark Tank product in Episode 725 is all Vengo vending machines only accept credit, debit and NFC cards as payment. Sorry Mr. Cash, your money's no good at a Vengo Vending Machine. In the Hi-Tech World of the 21st Century, vending machines operate more efficiently when there's no cash involved in the transaction.
The inventors of the Vengo Labs Vending Machines that's coming to the Shark Tank is Brian Shimmerlik and Steven Bofill. When Vengo first started making small hi-tech machines for various products, it wasn't the 2'x3' flat wall surfaced mounted vending machines we'll see demonstrated on the Shark Tank Show. Instead, Vengo Labs was first started with a product called the TaxiTreats that's a vending machine mounted inside a Taxi Cab. Unfortunately, even after a $1 million investment from investors, the Taxi Treat's vending business has yet to take off.
After the not-so-successful launch of TaxiTreats, the Vengo team put their compact invention into the revolutionary hi-tech vending machine of the future. Each devise holds up to six different products depending on the location and a total of 100 total products when filled. When it's time to restock a Vengo Vending Machine the field operators already know what items have sold and what needs restocking using real-time data. In fact, when it comes to restocking the vending machines, they simply replace a few pre-filled cartridges taking only a few minutes to complete the entire task.
Vengo Vending Machine Reviews before Shark Tank Episode 725Perhaps the biggest benefit installing a few Vengo Machines in Hotels, Bathrooms, Restaurants and large Apartment dwellings to name a few, is the digitally customized touch screens. The big budget advertisers will love this real-time advertising platform helping sell products and services even when the customer isn't buying, yet.
Watch the Vengo Smart Vending Machines on the Shark Tank in Episode 725, and see how much the business has grown in valuation since the first $1 million was invested back in 2011.
Vengo Labs Website