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Smartpocket - About the company

Smartpocket is an acquired company based in Bengaluru (India), founded in 2013 by Mayank Shah. It operates as a Mobile wallet to manage loyalty credits for offline stores. Smartpocket has raised $1.77M in funding from Sol Primero, with last known valuation of *****. The company has 40 active competitors, including 4 funded and 5 that have exited. Its top competitors include companies like Stocard, Yollty and Mobile-pocket.

Company Details

SmartPocket is a mobile app that connects brick-and-mortar businesses to their loyal customers. Is a digital pocket of loyalty cards, automatically figures out the loyalty memberships a user holds using their phone number/ need to enter details of the loyalty cards. Cards are stacked on SmartPocket app and updated with points and personalized offers. Can see the latest products and deals from favourite brands. The Buy Online button on these cards takes to the website or offline store of the brand, where a user can shop. Raised $240k in February 2015 from Sol Primero and Rajiv Mehta. Acquired by Goodbox in Jan, 2016. Post acquisition, the co-founders will join the leadership at Goodbox.
Social
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Registered Address
Flat No. 5002, Anriya Greinberg Apts Allalasandra, Yelahanka, Bangalore, Bangalore, Karnataka, India, 560065
Key Metrics
Founded Year
2013
Location
Bengaluru, India
Stage
Acquired
Total Funding
$1.77M in 1 round
Latest Funding Round
Last Known Valuation
***** as on Jan 23, 2015
Investors
Ranked
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2017
Similar Companies
Exit Details
Acquired by Goodbox (Jan 18, 2016)

Smartpocket's acquisition details

Smartpocket got acquired by Goodbox on Jan 18, 2016.
Click here to take a look at Smartpocket's acquisition in detail
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Smartpocket's funding and investors

Smartpocket has raised a total funding of $1.77M over 1 round. Its latest funding round was a Seed round on Jan 23, 2015 for $*****. 3 investors participated in its latest round. Smartpocket has 1 institutional investor and 2 angel investors.

Here is the list of recent funding rounds of Smartpocket:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Jan 23, 2015
7563637
Seed
6571110
2564196
1650241
7176072
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Smartpocket's founders and board of directors

Founder? Claim Profile
The founders of Smartpocket is Mayank Shah.
Here are the details of Smartpocket's key team members:

Smartpocket's Board of Directors

Smartpocket's board has 3 active members. Mayank Shah and Kiran Shastri are part of team and Presha Paragash is independent board member.
Here is the list of Smartpocket's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
12y 7m
Team
-
Current
12y 7m
Independent board member
-
Current
11y 5m
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Smartpocket's Competitors and alternates

Top competitors of Smartpocket include Stocard, Yollty and Mobile-pocket. Here is the list of Top 10 competitors of Smartpocket, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Stocard
Stocard
2011, Mannheim (Germany), Acquired
App-based platform for reward payments
$25.4M
56/100
2nd
Logo for Yollty
Yollty
2016, Hesperange (Luxembourg), Unfunded
Cloud-based mobile loyalty wallet solutions provider
-
-
48/100
3rd
Logo for Mobile-pocket
Mobile-pocket
2010, Hagenberg (Austria), Funding Raised
Mobile app based loyalty cards aggregator
-
47/100
4th
Logo for Thank U Cash
Thank U Cash
2018, Lagos (Nigeria), Deadpooled
Reward-based digital wallet for consumer payments
$6M
46/100
5th
Logo for Popwallet
Popwallet
2015, New York City (United States), Series A
Mobile-based rewards management
$4.1M
46/100
6th
Logo for FidMe
FidMe
2010, Bruges (France), Acquired
Mobile loyalty wallet for rewards and loyalty cards
-
-
45/100
7th
Logo for VirtualCards
VirtualCards
2013, Bucharest (Romania), Unfunded
Mobile app based aggregator of loyalty cards
-
-
43/100
8th
Logo for EonX
EonX
2014, Camberwell (Australia), Public
Loyalty program and payment solution for consumers and businesses
-
-
42/100
9th
Logo for inOne
inOne
2016, Yerevan (Armenia), Funding Raised
Provides a loyalty cards aggregator platform
-
41/100
10th
Logo for Ksher
Ksher
2014, Beijing (China), Series A
Provider of e-payment & marketing solutions
-
37/100
26th
Logo for Smartpocket
Smartpocket
2013, Bengaluru (India), Acquired
Mobile wallet to manage loyalty credits for offline stores
$1.77M
25/100
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Smartpocket's Latest cap tables and shareholding

Founders (largest shareholder) own 72.60%, Funds own 12.49%, Angels own 4.90% and ESOP Pool own 10.00%. The net worth of Smartpocket's founders is INR 5.44Cr as of Jan 23, 2015.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
72.60%
5.44Cr
2042752
9933297
5559676
7757988
8105939
9639932
5730691
4110351
1941871
5907034
Fund
12.49%
93.5L
8214030
4319902
9990858
7293135
6725929
8348288
5374089
1091416
4397039
5156844
Angel
4.90%
36.7L
8953
3814
1898
2671
482
565
791
413
693
201
ESOP Pool
10.00%
74.8L
6852442
6126315
2370341
7554968
Total
99.99%
7.49Cr
2681311
9630380
5956567
5623147
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of Smartpocket's Shareholding

Smartpocket's Investments and acquisitions

Smartpocket has made no investments or acquisitions yet.

Reports related to Smartpocket

Here is the latest report on Smartpocket's geography:

FAQs about Smartpocket

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