AdCount Technologies Pvt Ltd, Parent Company Of SupplyNote, Acquires Posify The acquisition allows SupplyNote to secure all of Posify's existing clients and further boost the goal of increasing its client base fourfold over the next fiscal year

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

SupplyNote, a business-to-business (B2B) software-as-a-service provider that assists food and beverage (F&B) companies digitize and automate their supply chain and procurement, has integrated Posify solutions through an acquisition deal signed by its parent company AdCount Technologies pvt ltd. This allows SupplyNote to secure all of Posify's existing clients and further boost the goal of increasing its client base fourfold over the next fiscal year.

"At SupplyNote we are excited to have acquired Posify solutions to refine our technology offerings to help our clients generate more revenue and build their business. The F&B industry typically has to endure huge losses due to inventory mismanagement since most outlets still use pen and paper to track and manage their inventory. There is no digital record of consumption, which leads to human errors. SupplyNote as a solution can help businesses cut down their cost of operations while helping them increase their profit margins by reducing losses caused due to mismanagement," said Kushang, co-founder and CEO, SupplyNote.

SupplyNote, is on a mission to digitise the food and beverage industry, connects outlets, service providers, and suppliers, allowing them to manage inventory, place orders, and uncover sales performance insights to strengthen their business. With the merger of Posify solutions, SupplyNote acquires Posify's intellectual property as well as the assistance of their skilled team, as per company statement.

Founded in 2019, by co-founders Kushang, Abhishek Verma, Nitin Prakash and Harshit Mittal, SupplyNote is a comprehensive SaaS e-commerce platform helping food businesses to scale.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

Kolkata-Based Lab-Grown Diamond Brand Jewelbox Secures USD 3.2 Mn

The startup will primarily use the funds to expand its retail footprint, growing from eight stores to 30 locations by the end of this year.

Side Hustle

This Couple Started a Side Hustle to Improve a 'Terribly Made' Bathroom Essential. Now the Business Earns More Than $3 Million a Year.

Michael Fine and Lisa Schulner-Fine launched lifestyle brand Quiet Town in 2016 and have been growing it ever since.

Leadership

How Successful Leaders Get More Done in Less Time

The most successful leaders don't work longer; they manage their time with intention. Here's how to master time-blocking, prioritization and delegation to get more done in less time.

Science & Technology

How Can Marketers Use ChatGPT? Here Are the Top 11 Uses.

With the recent developments in AI and the popularity of ChatGPT, you may want to integrate AI into your marketing practices. Find out how.

Business News

'This Has to Stop': JPMorgan CEO Jamie Dimon Outlines How to Run a Successful Meeting

In his annual letter to shareholders Monday, the JPMorgan CEO wrote that meetings have the potential to slow a business down.