With the F&B industry having a stronger comeback in the market post the pandemic era, the business has witnessed a growth in its revenue. Kushang Kumar, Co-founder, and CEO of SupplyNote expressed “As the market is recovering from the pandemic, this year has been all about clarity for us. The business has witnessed 300 per cent year-on-year growth in revenue, however major focus has been towards refining our offerings to further empower the F&B Industry. This year alone, we acquired a point-of-sale product to strengthen our SaaS offerings, pivoted our service vertical making it more pocket-flexible and solved wider problems for our customers. We also incepted a new business vertical to facilitate procurements for small to medium F&B enterprises.
He further adds “As we stand today, we offer a complete stack of software and services for F&B Businesses that allows them to completely outsource their supply chain without compromising on quality and at a more efficient cost model. With this vision, we believe 2023 will be a year where we can expect substantial growth and transformation within the industry.”
Talking about the revolutionary year 2022, Harshit Mittal, Co-founder and CTO, SupplyNote states, “The Food Industry has been growing consistently for the last decade, despite the latter part of the decade being the pandemic. In 2022, we have witnessed that the industry has been making a comeback and is getting stronger than ever. The technology adoption within the industry is also increasing phenomenally. There are hundreds of startups starting every year dedicated to food tech and the market is still vastly untouched. But that is all about to change. With young entrepreneurs being the face of innovation within the F&B businesses, tech adoption has been higher than ever. We’ve acquired many clients this year who are data-driven, leveraging the power of technology to optimise their operations and switch to a smoother, data-led supply chain.”
He further concludes, “With the awareness increasing within the industry, SupplyNote won’t be left behind but will be at the centre of this transformation. We are planning to launch multiple initiatives to increase awareness within the industry of technologies that can make life easier for everyone.”
