Goodbox, an India-based m-commerce start-up, has acquired SmartPocket, a mobile wallet that allows users digitize their plastic cards, for an undisclosed sum.
Founded by Mayank Shah and Kiran Shastri, SmartPocket is a mobile technology platform that enables customers to make online payments, place orders with offline partners as well as stores all their virtual cards in one place.
Following the deal, the founders of SmartPocket will join the leadership team of Goodbox.
Goodbox allows small businesses to become ecommerce ready through its app. The users can buy directly over messaging from their trusted stores across multiple categories without downloading multiple apps.
In November 2015, Goodbox raised a Series A round of $2.5m from Nexus Venture Partners.
Goodbox CEO & co-founder Abey Zachariah said: "During our discussions with them, we realized we share a similar vision and it made sense to join forces to empower millions of SMEs to come online. We are building very strong mobile capabilities and this is a step towards that objective."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataKiran Shastri said: "At Smartpocket, we wanted to create a marketplace with a focus on repeat business and customer loyalty through a digital wallet. We will now look to bring that mindset, technology and expertise with us into Goodbox."