GemOpencube

What GemOpencube does

GemOpencube (formerly Opencube) is a Hyderabad-based product development company operating a diversified portfolio spanning automated vending hardware, custom software services, and real estate marketing. The company was founded in 2017 as Opencube, a web and mobile solutions provider, and in 2023 merged with GEM Group — a conglomerate with residential real estate and automobile services — to form the current entity. Its hardware product line includes the Gold ATM (described as the world's first real-time gold dispensing ATM selling 24-carat gold coins from 0.5g to 100g at live market rates), the WTC Machine (a multi-beverage and snack vending unit with an integrated 32-inch LED advertising screen), and a Carry Bag Vending Machine targeting retail supermarkets.

The company's revenue model combines three streams: one-time hardware sales of vending machines deployed across 20+ Indian cities, project-based custom software development and digital marketing services for enterprise and mid-market clients, and residential real estate marketing through GEM Group sub-brands (GEM VIVENDAS, GEM Nakshathra, GEM Estrella Kuber Villas). Distribution is primarily direct sales via the company website, supplemented by earned media coverage across major Indian news outlets. Customers named include Airtel, LIC Life Plus, Touch Hospitals, Muscle World Gym, and Suguna Homes across telecom, insurance, healthcare, fitness, and real estate verticals. The company is also developing Pranaam's ATC, an autonomous clinic product, signaling an intent to extend hardware-software integration into healthcare. With 11-50 employees and no disclosed revenue or external funding, GemOpencube operates as an early-stage, privately held startup leveraging its joint venture structure to combine IT development capabilities with an established real estate parent group's market presence.

Name

GemOpencube

Legal name

Gem Opencube Technologies Pvt Ltd

Website

https://theopencube.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

GemOpencube is a Hyderabad-based product development company operating automated vending machines (Gold ATM, WTC), custom software services, and real estate marketing, serving enterprise clients and retail consumers across 20+ Indian cities.

Ownership category

akta.pro rank

Product category

Automated Vending Machines

NAICS

Vending Machine Operators (445132), Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers (423940), Convenience Retailers (445131)

SIC

Wholesale-Jewelry, Watches, Precious Stones & Metals (5094), Retail-Convenience Stores (5412)

akta.pro primary industry

Diamond & Gemstone B2B Exchanges/Marketplaces (CRAKAJAJ)

akta.pro secondary industries

Mobile Beverage Vendors (Coffee/Juice/Tea Carts & Trucks) (THAFAHAF), Captive/Global In-House Center (GIC) Setup & Managed Services (BPAEAMAK)

Keywords

• Automated vending machines
• Gold dispensing ATM
• Software development services
• Mobile app development
• Web development services

Headquarters

HQ city

Hyderabad

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Hardware Product Sales: Sale of proprietary vending machines including Gold ATM, WTC machines, and Carry Bag Vending Machines. One-time hardware sales with potential for recurring service/maintenance revenue.
2. Software Development Services: Custom software development, web development, mobile app development, and digital marketing services for enterprise and mid-market clients.
3. Real Estate Development: Residential real estate development through GEM Group including luxury villas and apartments in Hyderabad.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

GemOpencube manufactures and sells automated vending machines — including the Gold ATM (India's first real-time gold dispensing ATM), the WTC Machine (multi-product beverage and snack vending with integrated LED advertising), and the Carry Bag Vending Machine — alongside custom software development services covering mobile apps, web applications, and enterprise software. The company also markets residential real estate projects from parent GEM Group under sub-brands GEM VIVENDAS, GEM Nakshathra, and GEM Estrella Kuber Villas.

Product overview

GemOpencube (formerly Opencube) is a product development company formed in 2023 through a collaboration between GEM Group and Opencube. The company operates a multi-product portfolio organized into three core verticals: (1) Automated Vending Machines — including the Gold ATM (India's first real-time gold dispensing ATM), the WTC Machine (water/tea/coffee/biscuit vending), and the Carry Bag Vending Machine; (2) Software & Digital Services — encompassing mobile app development, web development, and software development/marketing; and (3) Real Estate — via sub-brands GEM VIVENDAS, GEM Nakshathra, and GEM Estrella Kuber Villas. The company also markets Pranaam's ATC (Anytime Clinic), an autonomous clinic under development. The portfolio spans fintech hardware, retail automation, and property development, unified under a single brand that handles both product development and booking inquiries.

Differentiator

Problem solved

Functional benefit

Brands

• Gold ATM: World's first real-time gold dispensing ATM machine that dispenses gold from 0.5 grams to 100 grams based on live gold rates.
• WTC Machine
• Pranaam's ATC

Products and services

• Gold ATM World's first real-time gold dispensing ATM located in Hyderabad that dispenses 24-carat gold coins (0.5g to 100g) at live market rates, accepting UPI, debit cards, and credit cards for 24x7 gold purchasing.
• WTC Machine Automated retail vending machine dispensing bottled water, hot tea, hot coffee, lemon tea, badam milk, and biscuit packets, equipped with a 32-inch LED screen for advertisements and cloud-based inventory management. Deployed across 20+ Indian cities.
• Carry Bag Vending Machine Cloth bag vending machine for supermarkets that dispenses reusable carry bags with a user-friendly interface, multiple payment options (cash, card, mobile payments), and eco-friendly sustainability positioning.
• Pranaam's ATC (Anytime Clinic) Autonomous clinic product under development by GemOpencube, positioned as India's first-ever autonomous clinic enabling automated healthcare access.
• Mobile App Development Services End-to-end mobile app development covering enterprise, wearable, augmented reality, e-commerce, educational, retail, and utility applications including strategy, UI design, development, deployment, hardware integration, and analytics integration.
• Web Development Services Web design and development services including responsive websites using Bootstrap, UI/UX design, and e-commerce website development using PHP (LAMP stack: Linux, Apache, MySQL, PHP).
• Software Development Services Custom software development, maintenance, design, and planning services, along with digital marketing including retargeting strategies for small and large clients.
• GEM Nakshathra Residential apartment project in Kokapet, Hyderabad, featuring 2BHK and 3BHK units marketed through GemOpencube under the GEM Group brand.
• GEM Estrella Kuber Villas Luxury gated villa community in Kollur, Hyderabad, offering 65 villas arranged around courtyards and laneways, marketed through GemOpencube under the GEM Group brand.
• GEM VIVENDAS GEM Group's residential real estate brand delivering high-quality built residential projects and master-planned urban communities, marketed through GemOpencube.

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature4 records

Partnerships

One partnership is on record.

• GEM GroupcoreStrategic or Co-development Partner · 1 January 2023GEM Group and Opencube collaborated in 2023 to form GemOpencube. GEM Group brings extensive experience in real estate development and automobile services, while Opencube contributes IT/software development expertise. Together they provide one-stop automated solutions for trade and industry.

Scale indicators1 record

Recent moves7 records

Expansion highlights4 records

Direct peers

• N&W Global Vending: European vending machine manufacturer (formerly Necta, Bianchi, etc.) producing hot and cold beverage and snack vending equipment. Comparable to WTC's hardware-and-software stack and location-based deployment model.
• Evoca Group: Italy-headquartered global vending machine manufacturer with hot-beverage, snack, and specialty vending lines. Most direct peer for the WTC machine product category and vending-as-a-service operating model.
• SafeGold: Digital gold platform backed by MMTCL and Kotak Mahindra that allows app-based gold purchases in small denominations. Closely comparable to the Gold ATM's real-time, small-denomination gold-buying value proposition.
• Augmont: Indian digital gold savings and trading platform that enables consumers to buy, sell, and store gold digitally. Directly comparable to GemOpencube's Gold ATM because both target India's retail gold-investment demand with technology-enabled distribution.
• MMTC-PAMP: Joint venture between MMTC and PAMP that sells branded 24-carat gold coins and bars through retail and institutional channels in India. Comparable to the Gold ATM as both retail channels for physical investment-grade gold.
• Digital Gold India: Mobile-app-based platform for buying and storing digital gold in small denominations in India. Directly comparable to the Gold ATM's 'convenient, small-denomination, anytime' gold purchasing promise.

Broad incumbents

• Hitachi Vending (SandenVendo): Global large-scale vending machine company (formerly SandenVendo) offering beverage, snack, and specialty dispensing machines. Broader incumbent serving the same category as GemOpencube's WTC machines but at significantly larger installed base.
• Cyient: India-headquartered engineering, design, and digital IT services company comparable to GemOpencube's custom software/mobile app/web development services for enterprise clients.

Regional players

• Prestige Group: South India-focused real estate developer with a residential project pipeline across Hyderabad and other metros. Comparable to the GEM Group residential brands marketed via GemOpencube.
• My Home Group: Hyderabad-based real estate developer active in residential and commercial projects. Comparable because GemOpencube's GEM sub-brands (Vivendas, Nakshathra, Estrella Kuber) all market Hyderabad-area residential projects through similar channels.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/watch?v=Gl7LjeWne1M
• Xx.com/opencubegroup

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GemOpencube