Adcount Technologies raised $2.25 million in Series A funding to support the international expansion of its restaurant supply chain management platform, SupplyNote.

Information on the Target

Adcount Technologies, the parent company of the restaurant supply chain management startup SupplyNote, recently secured $2.25 million in its Series A funding round, as reported by Inc42. Founded in 2019 by Kushang, Abhishek Verma, Nitin Prakash, and Harshit Mittal, SupplyNote operates through three key business verticals: a SaaS offering for inventory management specifically designed for large restaurant chains, fulfillment services catering to substantial restaurant clients, and a newly launched marketplace aimed at small restaurants.

Through its SaaS platform, SupplyNote assists chain restaurants with more than three locations, recognized by the National Restaurant Association of India (NRAI). Currently, the platform facilitates annual procurement transactions worth approximately $100 million in India, showcasing its significant role in the food service industry.

Industry Overview in India

The restaurant industry in India is experiencing rapid growth, driven by changing consumer preferences, urbanization, and an increasing middle-class demographic with disposable income. As more citizens embrace dining out and food delivery services, the