Manipal Group seed funds GoodBox


Goodbox - Feature 1stManipal Group seed funds GoodBox. Bengaluru based Tsepak Technologies owns and runs brand GoodBox. Tsepak Technologies have developed an app called GoodBox, similar to whats app messaging services.

GoodBox is a platform for small and large businesses to reach out a wider audience for their services. The platform is easy to operate and can be started within few minutes of download of the app in the mobile. Tsepak will enable payment mode in their app to allow users to place orders directly in the app. GoodBox supports local languages.

GoodBox is a chat based platform where service providers can directly interact with customers over a chat.  Businesses can directly upload images/ pictures, send group messages to customers along with store timings with menu function to list their items.  GoodBox search function will enable a customer to search for a business by name or category or with nearby feature specially designed assists in search local delivery and home based food directly from merchants.

Goodbox - Feature 2nd

The services has been started in South Bengaluru, users can find rentals of cars and bikes, herbals and ayurvedic products, dairy based products like butter, cheese, milk and curds. GoodBox app is available in Google Playstore and the company is in the process deploying for iOS environment too. As per company claims they have 550 active registered businesses and they are seeing 2,000+ conversions per week. The app has seen less than 7,000 downloaded till date.

Tsepak Technologies was founded in 2012 by Abey Zachariah, Nithin Chandra, Mohit Maheshwari, Anand Kelaginamani, Charan Shetty and Mahesh Herle. The company received $200,000 as seed funding from Manipal Group’s company Manipal Media Networks, redBus ex promoter Charan Padmaraju and Taxi For Sure’s ex promoter Aprameya Radhakrishna along with few other existing investors. GoodBox will use the funding for enhancing Tsepak’s product offering and development.

Recently Local search engine enabled app companies are getting funded. Another Bengaluru based company Lookup, provides similar service has raised funds from co founder of Twitter.  There is tough competition for GoodBox from apps like HeyBiz, Lookup, Akosha, LazyLad, Haptik etc., Major players like Grofers are already providing some of the services of GoodBox. It would be interesting to see how these local service apps will perform in the market and we can expect some sort of market consolidations in coming years.