SupplyNote, a B2B SaaS company that helps food and beverage companies digitise and automate their supply chains and procurement, has secured $1.2 million in a pre-series A investment sponsored by Venture Catalysts.

Astor Management, SOSV, Riso Capital, Manjal Investments, Angelbay, SucSEED Ventures, DevX Fund, Sarcha Advisors, and Faad Network were among the investors in the round.

Since its establishment in 2015, the company has raised a total of $2.8 million, including this round. GHV Accelerator, Artesian Ventures, and DAS Capital were among the investors in the company's prior rounds.

We are working towards further refining our tech offerings, and strengthening our presence within the F&B ecosystem in new geographies. By the end of the fiscal, we aim at widening our footprint in India, Middle East, and South East Asia” Kushang, co-founder & CEO, SupplyNote said.

By 2030, India is predicted to be among the top five worldwide business hospitality markets. Food delivery applications that play on the consumer side of the business have digitised the F&B industry in India.

On the backend, which is essentially the supply chain, however, there is a significant possibility. The funds will be used to hire new employees and upgrade its technology stack, expand its HoReCa marketplace, expand credit alternatives through partners, and strengthen its fulfilment service function.

Supplynote is India's top restaurant procurement platform, offering a unique stack of SAAS and E-commerce to solve the industry's procurement challenges.

Supplynote, which was founded with the goal of automating procurement in the food and beverage industry, provides restaurants with end-to-end supply chain management solutions that allow them to understand purchasing trends, plan production, anticipate stock out dates, set low-stock alerts, and auto-create purchase orders. The product's USP is that it simplifies how restaurants order from vendors and allows for faster and easier connection with them on the platform.