Source:- YourStory Media
Author:- Sujata R Sangwan
Stride Ventures has invested an undisclosed amount in portfolio company Stellapps Technologies Private Limited Technologies, an Internet of Things (IoT) firm operating in the dairy supply chain.
Founded in 2011, Stellapps is a farm to consumer dairy digitisation service provider. It leverages analytics and artificial intelligence through its full-stack IoT platform to enable dairy ecosystem partnerships with financial and insurance institutions, veterinary services, cattle nutrition providers, etc., to drive significant value for each stakeholder, including small farmers.
Through its customer-base, which includes all major private and co-operative dairies, Stellapps currently digitises about 10 million litres of milk worth $3.4 million every day, and directly impacts two million dairy farmers in over 28,000 Indian villages.
Read on
[Funding alert] Stride Ventures backs portfolio dairy IoT firm Stellapps with fresh debt round
Stride Ventures has invested an undisclosed amount in portfolio company Stellapps Technologies, an Internet of Things (IoT) firm operating in the dairy supply chain. This is the second investment by the venture debt fund in Stellapps in less than a year. Previously, the fund invested in the Bengaluru-based dairy IoT firm in December 2019.
No comments:
Post a Comment