Supply Chain Automation Platform ‘Supplynote’ Raises $600K From SOSV, Artesian Ventures
Supply chain automation platform Supplynote has raised $600,000 in a bridge round led by the US-based multi-stage venture capital firm SOSV and Australia-based global VC firm Artesian Ventures.
The round also saw participation from Supplynote’s existing investors, SucSEED Ventures, CIO Angel Network, Venture Catalysts, and angel investors Arjun Soni, Angad Soni and Sunny Vohra.
As per the startup, it plans to use the funding amount for business development activities and expansion pan India.
Supplynote also plans to use some part of the funding for product development.
Founded by Kumar Kushang (CEO), Abhishek Verma (COO), Nitin Prakash (CPO), and Harshit Mittal (CTO) in 2019, Supplynote is a cloud-based procurement management suite which automates supply chain for hotels, restaurants and cafes.
Talking about this funding round, Kumar Kushang, Co-founder and CEO of Supplynote, said,
“We are delighted that we could raise funds even during the current difficult times when most of the industries are struggling, including the restaurant industry, which is the key target audience for our solution. Our solution will enable the restaurant outlets to fast-track their journey back to their regular business by helping them save money on their inventory and manage their supply chain better. The solution is more relevant to the clients now when they are struggling to return to normalcy.”
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