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January 28, 2016updated 04 Apr 2017 3:59pm

Goodbox acquires mobile wallet SmartPocket

Goodbox, the Bangalore-based m-commerce start-up, has acquired SmartPocket, a mobile wallet that allows users digitize their plastic cards, for an undisclosed sum.

By Verdict Staff

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."

Kiran 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."

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