Bengaluru-based food tech startup SmartQ has acquired Nexus Venture Partners-backed Goodbox’s cafeteria business for an undisclosed amount in an all-cash deal. The deal size is expected to be $800K (INR 5.5 Cr). With this acquisition, SmartQ aims to increase its customer base. On the other hand, by offloading its cafeteria business, Goodbox wants to focus on its hyperlocal business.

(Inc42)