01 June 2018 | News | By NFS Correspondent
Bengaluru based dairy technology startup Stellapps Technologies has raised $14 million in one of the largest equity funding rounds led by Bill and Melinda Gates Foundation and IndusAge Partners, among others.
IIT-Madras incubated Stellapps Technologies, which is also backed by Flipkart executive chairman Binny Bansal, is touted to be one of the largest dairy IoT platforms in India. The startup had raised seed funding of undisclosed amount from Omnivore Partners, in January 2013.
Stellapps is an India’s first of its kind end-to-end dairy technology solutions company. Their concept includes a Wi-Fi sensor module, a wiimote and IoT router that can be used for smart automatic milk collection unit and cold-chain monitoring, as part of Stellapps IoT platform.
The freshly raised capital will be used by the startup for monitoring the quantity and quality of milk, storage facilities, creating wearable devices for tracking cattle health and infrastructure for housing the cattle. The startup is aiming to focus is on reducing costs for the farmer by ensuring there are higher milk yields and consistent health of their cattle.