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Goodbox raises $2.5 mn from Nexus Venture Partners

(Image Credits: techcrunch.com)

(Image Credits: techcrunch.com)

New Delhi, Nov 18 (PTI) : Mobile commerce app Goodbox today said it has raised USD 2.5 million (nearly Rs 16.5 crore) from Nexus Venture Partners.

Goodbox allows businesses to create commerce-ready stores providing seamless discovery, ordering and payment. Consumers can buy from these stores across multiple categories without having to download multiple apps.

The company had earlier raised seed-funding from the Manipal Group, Aprameya Radhakrishna (co-founder TaxiForSure) and Charan Padmaraju (co-founder redBus).

The current funds will be used for merchant acquisition and building the team, the company said in a statement.

Goodbox is operational in Bengaluru with over 1,200 merchants signed up, including supermarkets, restaurants, laundry chains, rental providers and the like.

“At Goodbox, we are committed to enabling businesses with technology by giving them a ready store on our app in a matter of minutes… The funds will be earmarked for our expansion in coming months,” Abey Zachariah, co-founder & CEO, Goodbox said.

Goodbox has been co-founded by Abey Zachariah (ex-redBus core team), Anand Kelaginamani (IIM-B), Charan Raj (ex-Accenture), Mahesh Herle (ex-National Instruments), Mayank Bidawatka (ex-redBus core team and and co-founder The Media Ant), Mohit Maheshwari (IIM-B) and Nithin Chandra (NIT-K and IIM-B).



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