SupplyNote has raised $1.2 million in its pre-Series A round

SupplyNote, a SaaS startup zeroed in on helping F&B businesses, has raised $1.2 million in its pre-Series A round drove 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 element of Adcount Technologies and has raised a total of $2.8 million, including this round.

According to the Noida-based startup, the new capital will be utilized in hiring and upgrading the tech stack, ramp up its marketplace and expand credit choices through partners.

Established by Abhishek Verma, Harshit Mittal, Kumar Kushang, and Nitin Prakash, SupplyNote offers start to finish inventory network management answers for restaurants, enabling them to understand purchasing patterns, plan creation, anticipate stock outs dates, set low-stock alerts and auto-create purchase orders.

The startup as of now has a presence in more than 41 urban areas in three nations and claims to have seen a development of 800% in digital acquisition through its platform during the year of pandemic (FY 2020-21).