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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 was founded by Wage and Abhishek Ashok in 2014. The company aims to digitise cafeterias and food courts. Its core offering, SmartQ, is a food-ordering app that helps corporate employees do away with the need for queues and waiting time.
Operational in all the major metros across the country, the four-year-old startup claims to have 115 corporate clients and 50,000 downloads on Google Play Store.
As part of its expansion plans, the company is exploring overseas foray and is already operational in New Zealand for the last eight months.
The Singaporean operations are expected to be launched within the next 45-60 days and the plan is to eventually expand into other parts of the Asia-Pacific and Europe.