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SupplyNote secures $2.25M to fix India’s F&B supply chain
Orbit Startups Team

Adcount Technologies, the parent company of the restaurant supply chain management startup SupplyNote has raised $2.25 million in its Series A funding round, Inc42 reports.

The round was led by Venture Catalysts and Artesian, with participation from Sattva Family Office, WFC, LetsVenture, Soonicorn Ventures, Cogniphy, SucSEED Indovation, SOSV and DSP family office. This latest round brings Adcount Technologies’ total capital raised to $5 million.

The incoming funding will fuel the first phase of the brand’s international expansion, with priority to MENA and Southeast Asia.

The startup was founded by Kushang, Abhishek Verma, Nitin Prakash and Harshit Mittal in 2019. SupplyNote has three business verticals – SaaS service for inventory management of large restaurants, fulfilment services for large restaurants and the recently launched marketplace for small restaurants.

Through its SaaS vertical, SupplyNote serves restaurants that have more than three outlets and are classified as chain restaurants by the National Restaurant of India (NRAI).

Kushang, the CEO and cofounder of Adcount Technologies, noted that through SupplyNote, the company facilitates annual purchases worth $100 Mn in India.