cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Business

Adcount Technologies raised $2.25 Mn funding in series A round for market expansion

News Desk by News Desk
July 12, 2023
Adcount Technologies raised $2.25 Mn in Series A round for Market Expansion

(L-R) Mr. Harshit Mittal, Mr. Abhishek Kumar, Mr. Nitin Prakash and Mr. Kushang_Co-founders

The primary target of this funding will be to scale Adcount’s four distinctive verticals – Posify, SupplyNote, SupplyLink, and Vyap – while also strengthening the product and technology teams.

Adcount Technologies Pvt. Ltd., the parent company of SupplyNote, and a host of innovative supply chain tech solutions, has successfully raised USD 2.25 million in its latest series A funding round. The round was led by Venture Catalysts and Artesian, with notable participation from Sattva Family Office, WFC, LetsVenture, Soonicorn Ventures, Cogniphy, SucSEED Indovation, SOSV, and DSP family office. This latest round brings Adcount Technologies’ total capital raised to a significant USD 5 Mn.

“We feel SupplyNote is a prudent investment due to its innovative approach to streamlining inventory management, order placement, and sales analytics. Its cloud-based suite is revolutionizing inventory management and improving overall performance of businesses. Investing in this powder-keg of potential was almost a no-brainer for us,” said CA Vijay Singh Rathore, Co-founder of Soonicorn Ventures.

“SupplyNote is solving the big problem of procurement, ordering, inventory management & vendor management of the HoReCa industry. It’s a multibillion opportunity and nobody is solving it with such focused commitment like SupplyNote. Since the beginning they have been working closely with customers and as a result, a lot of the customers have converted into investors. It’s a great combination of good pedigree founders solving a large TAM business and have scaled it successfully. That’s the reason we have been continuously reinvesting in them,” stated Neeraj Tyagi, Co-Founder and CEO of WeFounderCircle.

Following this endorsement from its investors, SupplyNote’s growing client list also tells a compelling story of trust and efficiency. Prominent brands such as “Naturals Ice Cream”, “Biryani By Kilo”, “Bikkgane Biryani”, “Caterspoint”, “Burgrill”, and “Ironhill Brewery” have all adopted SupplyNote’s capabilities, further validating the company’s vision and commitment to transform the supply chain management landscape.

“SupplyNote’s all-encompassing suite of products empowers businesses with robust, digitized supply chain management solutions in the post-COVID era. The remarkable traction they’ve received from renowned clients like CureFoods, Biryani By Kilo, Swiggy Kitchen underscores their market credibility and readiness for exponential growth,” stated Apoorva Sharma, Co-founder and President, Venture Catalysts.

ADVERTISEMENT

A spokesperson at Sattva added, “At Sattva, we invest in potential. In Adcount Technologies, with their scalable products and market reach, we see an exciting future. We’re proud to support their growth journey.”

The fresh fundraise will primarily fuel the first phase of brand’s international expansion, as it aims to widen its footprints globally. Adcount Technologies, currently active in six countries, is strategically focused on expanding its presence, particularly in the MENA and Southeast Asia regions in Phase 1.

Reflecting on the company’s achievements, Kushang, the CEO and Co-Founder of Adcount Technologies, stated, “Our growth trajectory is truly remarkable. Through SupplyNote, we facilitate annual purchases worth $100 million in India alone. Vyap empowers procurement worth $2.25 million in Noida & Gr. Noida, while SupplyLink efficiently manages goods worth $5 million across 42 cities in India. These figures are set to skyrocket in the upcoming months. Looking ahead, our ambitious 18-month targets include facilitating $1.2 billion worth of purchases via SupplyNote, achieving $25 million in annual recurring revenue (ARR) with Vyap, and distributing goods worth $150 million through SupplyLink.”

The approach will be towards catering to the global market by scaling Adcount’s four distinctive verticals – Posify, SupplyNote, SupplyLink, and Vyap in sync with requirement in the newer geographies. To date, Adcount Technologies has achieved remarkable growth, connecting a vast network of 5,000 outlets spanning across 86 cities.

This extensive network showcases the widespread adoption and trust that businesses place in SupplyNote’s capabilities. Looking ahead, Adcount Technologies has set an ambitious goal of reaching 30,000 F&B outlets globally by the end of the 2024-25 fiscal year. This expansion will enable even more businesses to leverage its comprehensive suite of products, driving efficiency and cost reduction in their supply chain operations.

With Adcount’s assistance, clients can reduce their bottom line by 5-7%, leading to a potential increase in profits by about 50-70%.

(Press Release)

News Desk

News Desk

by CXO VOICE team memebrs, [email protected]

Related Posts

HCLTech OpenAI
Business

HCLTech Partners with OpenAI to Accelerate Generative AI Adoption for Enterprises

June 30, 2025
L&T Technology Services and thyssenkrupp
Business

L&T Technology Services and thyssenkrupp Steering Business Unit Partner to Establish a Global Software Hub

June 30, 2025
Business

Ericsson Strengthens ASIC Development in India with Major R&D Expansion

June 27, 2025
Infosys
Business

Infosys Announces Strategic Collaboration with Zoetis to Enhance IT Operations

June 25, 2025
Toshiba
Business

Toshiba Begins Sample Shipments of its Smart Motor Control Driver “SmartMCD” Series

June 24, 2025
LTIMindtree, BlueVerse.
Business

LTIMindtree Launches ‘BlueVerse’ A Comprehensive AI Ecosystem to Transform Business Productivity

June 20, 2025
Infosys and Adobe
Business

Infosys and Adobe Join Forces to Revolutionize Marketing with AI-Driven Customer Experiences

June 18, 2025
TCS Partners with Salling Group
Business

TCS Partners with Salling Group to Drive Digital Transformation and AI-Enabled Cloud Migration

June 16, 2025
Load More
ADVERTISEMENT

Latest Updates

TM Forum and Huawei

TM Forum and Huawei Jointly Released Two Standard Reports:  AI for BSS and Software Marketplaces Reference Architecture

by News Desk
13 hours ago

HCLTech OpenAI

HCLTech Partners with OpenAI to Accelerate Generative AI Adoption for Enterprises

by Deepa Sharma
13 hours ago

L&T Technology Services and thyssenkrupp

L&T Technology Services and thyssenkrupp Steering Business Unit Partner to Establish a Global Software Hub

by News Desk
16 hours ago

Ericsson Strengthens ASIC Development in India with Major R&D Expansion

by News Desk
4 days ago

Osaka Sakai Data Center

HPE and KDDI Partner to Launch Osaka Sakai Data Center for AI Innovation by 2026

by Deepa Sharma
5 days ago

Tata Hackathon

Tata Technologies with AWS to Launch Engineering Hackathon Focused on Smart Mobility Innovations

by News Desk
5 days ago

Expert Views

Opinion

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

May 20, 2025
Molly Sands AI
AI

AI RIP: 5 Things Knowledge Workers Will Say ‘Sayonara’ to in the Next Decade

March 8, 2025
multi cloud
Cloud

Multi-Cloud Made Simple: Strategies for Smart Business Management

March 5, 2025
Soft Skills
Opinion

Soft Skills and Technical Know-How: A Winning Combination in the Tech Industry

March 4, 2025
Digital Freedom
Cyber Security

Your Data, Their Gold: The Silent Battle for Digital Freedom

February 25, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-
Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami
Leaders Talk

Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-
AI chatbots, Prasanna-Kumar
Leaders Talk

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved