Dairy tech startup Stellapps in discussions to raise $20 mn in new funding round

Feb 02, 2024•almost 2 years ago

Amount Raised

$20 Million

BengaluruAgriculture And FarmingInformation Technology

Investors

Qualcomm VenturesBlume VenturesIdh Farmfit FundGates FoundationOmnivoreCelesta Capital

Description

Stellapps is in advanced talks to raise approximately $20 million in its Series C fundraising round, with about 70 per cent of the funding raised from existing investors and a couple of new investors likely to participate. The new capital will be used to expand further, focusing on value-added dairy products, with plans to launch an IPO within the next 36-48 months. The company also aims to supply value-added dairy products to B2B companies and increase the number of processing plants.

Company Information

Company

Stellapps

Location

Bengaluru, Karnataka, India

About

Stellapps is a tech-driven, end-to-end, dairy-led food value chain platform. It leverages advanced analytics and artificial intelligence through its full-stack IoT platform to enable dairy ecosystem partnerships with financial & insurance institutions, veterinary services, cattle nutrition providers, agro-input providers, etc. to create significant value for small farmers and all the other stakeholders. Stellapps started in 2011 by building out the foundational parts of its Digital Access Network (DAN) and as an entry strategy, providing end-to-end digitized supply chain solutions. In its journey of the last 11 years, Stellapps has interacted very closely with the farmers and understood their livelihood sources, needs, aspirations, and challenges. Today, Stellapps is leveraging the same to realize an end-to-end food value chain platform, through creating a “string of pearls” approach and providing value-added services such as dairy market linkages, agro-inputs, and financial services to small holder farmers.

Related People

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Funding Insights

Based on industry data

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