The startup serves Indian restaurant chains via three verticals — SaaS service for inventory management of large restaurants, fulfilment services for large restaurants, and the recently launched marketplace for small restaurants
SupplyNote, which raised $1.2 Mn in a Pre-Series A round led by Venture Catalysts in 2021, expects to turn profitable in the next eight to nine months, piggybacking on 10% month-on-month growth in revenue
Its biggest rival in the segment is Zomato’s B2B supply business Hyperpure, which supplies fresh and packaged products to restaurant
After enduring two tumultuous years of the Covid-19 pandemic, restaurant businesses, especially chains, in India seem to be sizzling again, largely driven by an overall increase in people’s disposable income and quick-delivery apps that ensure deliveries at your doorsteps within minutes, among other things, boosting demand.
In fact, India’s food service market, which was estimated to be at $41.1 Bn in 2022, is expected to touch $79.65 Bn by 2028, according to a report. Add to this the i
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