VC Fund Investments
Cloud-based procurement enabler SupplyNote raises $1.2 M from Venture Catalysts, others
SupplyNote, a Noida-based B2B SaaS company that helps F&B businesses digitise and automate their supply chain and procurement, has raised USD 1.2 million in pre-series A round led by Venture Catalysts. The investment round also saw participation from US-based Astor Management, SOSV, Riso Capital, Angelbay, SucSEED Ventures, DevX Fund, Sarcha Advisors and Faad Network. Including this round, the brand has raised USD 2.8 million since its inception in 2015. It raised its previous rounds from GHV Accelerator, Artesian Ventures and DAS Capital, amongst others. The firm will use the funds for upgrading the tech stack, for scaling up its marketplace, to extend credit options through partners, for enabling easier transactions between restaurants and suppliers, and to reinforce its fulfilment service function.
From the Venture Intelligence PE-VC Deal Database: In Oct-20, SupplyNote raised Rs.4.4 Cr from Artesian Venture Partners and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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