Venture Catalysts leads pre-Series A round in SaaS startup SupplyNote

SupplyNote, a SaaS startup focused on helping F&B businesses, has raised $1.2 million in its pre-Series A round led by Venture Catalysts.

The US-based Astor Management, SOSV, Riso Capital Manjal Investments, Angelbay, SucSEED Ventures, DevX Fund, Sarcha Advisors, and Faad Network have also participated in the round.

Since its inception in 2015, the brand is the second entity of Adcount Technologies and has raised a total of $2.8 million, including this round.

According to the Noida-based startup, the fresh capital will be used in hiring and upgrading the tech stack, ramp up its marketplace and extend credit options through partners.

Founded by Abhishek Verma, Harshit Mittal, Kumar Kushang, and Nitin Prakash, SupplyNote offers end-to-end supply chain management solutions to restaurants, enabling them to understand purchasing trends, plan production, anticipate stock outs dates, set low-stock alerts and auto-create purchase orders. 

The startup currently has a presence in over 41 cities in three countries and claims to have witnessed a growth of 800% in digital procurement through its platform during the year of pandemic (FY 2020-21).