Stellapps is a Bangalore-based startup working towards digitizing the dairy supply chain and providing end-to-end dairy technology solutions in the dairy segment. IDH Farmfit saw an emerging potential to elope the future invested in Stellapps. The equity investment ratio is not yet disclosed, but it is believed that IDH FarmFit’s first equity investment in India is all set to deliver profit in the coming years.
The increasing demand for milk and the potential of milk production can be aligned further for the company’s growth. The dairy tech startups aim to revolutionize milk production through improved productivity, enhanced milk quality, and emerging government facilities for helping smallholder farmers.
The dairy tech startup is committed to providing female leadership for a noble cause throughout the country. It also believes that digitalization in the traditional dairy sector can open highways for Agri-business and India’s milk production index globally.
Varishna Tewarie, IDH Farmfit Fund’s investment manager for Asia, stated, “We are delighted to support Stellapps with this new investment, which will improve farmer income and positively impact their lives. We shall witness the transformation of one of India’s most crucial agricultural sectors. The company supports smallholder Indian farmers by increasing transparency, improving farming practices, and enabling financial inclusion.”
