Reinventing vending

12/1/2009 | Forbes

College pals Mandeep Arora and Anant Agrawal developed a monitoring device for vending machines that cuts down on service calls by electronically reporting sales activity. The pair found out they had a hit on their hands when snack-food giant Frito-Lay ordered 100 monitors -- even though they had built just a single prototype. The 12-inch-square devices are now installed on 35,000 vending machines, and revenue is expected to hit $8.5 million this year.

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