ITC to acquire 33% stake in Bengaluru vending machine startup

ITC announced on Wednesday that it will acquire up to 33.4% stake for about ₹7.5 crore in Bengaluru-based vending machine startup Delectable Technologies. ITC plans to complete the full acquisition in 12 months. Founded by IIT-graduate Satvik Sarwade, Delectable Technologies operates the Azgo app and vending machines. The startup's net worth as on March 31 was ₹1.48 crore.