Bengaluru based SmartQ, which provides
digital solutions for food courts and cafeterias, has acquired Nexus Venture
partners backed Goodbox’s cafeteria business for an undisclosed amount.
SmartQ is operated by YourNest
Angel Fund-backed Bottle Lab Technologies Pvt. Ltd. Goodbox provides online
shopping platforms to each Bengaluru neighborhood store registered with its
app. It also provides food-ordering services in the city. In 2015,
Goodbox had raised $2.5 million (Rs 16.5 crore) from Nexus Venture Partners.
The acquisition of cafeteria
business comes two months after Goodbox, an app that offered mini apps to a
wide range of small and medium-sized businesses within its own app, reportedly
turned its focus to neighborhood stores for hyperlocal delivery even as it
exited its “non-core businesses.
Goodbox
allows businesses to create a storefront on its app, similar to a real-world
store. In other words, businesses can create an app for themselves on Goodbox’s
platform, where customers can directly interact with the store and conduct
transactions. Users also get loyalty and reward points for using the platform.
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