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Stellapps Bags $26 Mn To Scale Up Its Dairy Product Offerings

Inc42 · 10m ago

Stellapps Bags $26 Mn To Scale Up Its Dairy Product Offerings

Stellapps, a dairy technology startup, raised $26 million in a Series C funding round. The funds will be used to expand its mooMark business. The majority of the investment came from existing investors. This follows the company's previous $20 million funding round in January.

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Dairy tech firm Stellapps raises $26 million in a mix of equity and debt

Economic Times

Economic Times · 10m ago

Dairy tech firm Stellapps raises $26 million in a mix of equity and debt

Bengaluru-based dairy technology startup Stellapps has secured $26 million in a funding round. The funding, which includes equity and debt, was led by existing investors Blume Ventures, Omnivore, Bill & Melinda Gates Foundation, and new investor Miledeep Capital. The funds will be used to expand Stellapps' mooMark business, focusing on value-added dairy products. Stellapps aims to improve productivity and quality across the dairy supply chain, with its technology deployed in over 42,000 Indian villages. The company also plans to begin exporting to West Asia in the near future.

Dairy tech startup Stellapps in talks to raise $20 Mn to fuel expansion

Inc42 · 1y ago

Dairy tech startup Stellapps in talks to raise $20 Mn to fuel expansion

Bengaluru-based dairy tech startup Stellapps is in talks to raise approximately $20 million in its Series C funding round. The funding will largely come from existing investors, including Celesta Capital, Omnivore, Gates Foundation, IDH Farmfit Fund, Blume Ventures, and Qualcomm Ventures. Stellapps plans to use the funds to expand its operations, with a focus on value-added dairy products. The startup is also considering an IPO within the next three to four years, aiming for a valuation of $450 million to $500 million. Stellapps previously raised funds from IDH Farmfit and Nutreco.

ETtech Deals Digest: Startups raise $184.8 million this week, up 47.8% YoY

Economic Times

Economic Times · 10m ago

ETtech Deals Digest: Startups raise $184.8 million this week, up 47.8% YoY

In the week of October 19 to October 25, startups raised $184.8 million, which was a 47.8% increase compared to the same period last year but a 65.4% decline from the previous week. Notable deals included edtech unicorn Upgrad raising $60 million from Temasek, AI startup Neysa securing $30 million in funding, healthcare startup Even Healthcare raising $30 million, dairy tech startup Stellapps raising $26 million, and health and wellness startup Healthify raising $20 million.

Milk Mantra posts INR 12.3 Cr loss in FY23 as sales remain flat

Inc42 · 1y ago

Milk Mantra posts INR 12.3 Cr loss in FY23 as sales remain flat

Bhubaneswar-based dairy tech startup Milk Mantra reported a net loss of INR 12.3 Cr in FY23, slipping into the red after two profitable years. Operating revenue remained flat at INR 272.9 Cr, indicating challenges in scaling up the business. The company's expenditure increased by 13% to INR 289.4 Cr, with the highest amount spent on procurement. Milk Mantra sells packaged milk, curd, paneer, lassi, mishti dahi, and flavoured milkshakes under the brands Milky Moo and Moo Shake. It competes with startups like Country Delight and Stellapps, as well as dairy giants like Amul and Mother Dairy.

LogicLadder Bags $2.5 Mn To Help Enterprises Decarbonise Ops

Inc42 · 1y ago

LogicLadder Bags $2.5 Mn To Help Enterprises Decarbonise Ops

CleanTech SaaS platform, LogicLadder, has raised $2.5 million in funding from Big Bang Capital and Rainmatter. The funds will be used to expand the company's presence in South Asia and North America and to enhance its technology and product offerings. LogicLadder's flagship product, Sustainability Cloud, helps brands improve operational efficiency while minimizing environmental impact. Founded in 2011, the company is focused on providing solutions for sustainable business practices.

ORIGHT Nets Funding To Optimize Dairy Supply Chain

Inc42 · 11m ago

ORIGHT Nets Funding To Optimize Dairy Supply Chain

A startup has secured funding to support its growth plans including scaling up its innovation platform, expanding product offerings, marketing and sales efforts, and research and development. The company, founded in 2019, provides an IoT device solution for milk traceability and is also introducing an AEPS service allowing dairy farmers to withdraw money from milk collection centers.

Gyaan AI bags $7.8 mn, rebrands to MaxIQ

Inshorts · 5m ago

Gyaan AI bags $7.8 mn, rebrands to MaxIQ

Agentic AI startup Gyaan AI has rebranded itself as MaxIQ and also raised about $7.8 mn in a seed funding round led by Dell Technologies Capital, along with participation from Intel Capital. The Pune-based startup will use the fresh capital to scale operations, boost product innovation and expand its leadership team.

Neobank Digivriddhi bags $6 Mn funding to offer financial services to dairy farmers

Inc42 · 1y ago

Neobank Digivriddhi bags $6 Mn funding to offer financial services to dairy farmers

Digivriddhi Technologies, a neobanking startup focused on the dairy industry, has raised INR 50 crore (approximately $6 million) in a Series A funding round led by Omidyar Network India. The Bengaluru-based firm plans to use the funds to expand its operations in several states of India and invest in technology innovation. Digivriddhi offers banking services, access to credit, and digitized payments for dairy farmers and microenterprises. The Indian dairy industry is estimated to reach INR 49,953.5 billion by 2032, presenting significant opportunities for companies like Digivriddhi.

Dairytech Startup Frubon Bags Series A Funding To Grow Retail Footprint Across North India

Inc42 · 1y ago

Dairytech Startup Frubon Bags Series A Funding To Grow Retail Footprint Across North India

Jaipur-based startup Dev Milk Foods, which sells ice cream and dairy products under the brand Frubon, has raised an undisclosed amount in a Series A funding round. The funding was led by Fireside Ventures and Pi Ventures, along with participation from angel investors. Frubon plans to use the funds to expand its retail presence in North Indian cities, enhance production and distribution capabilities, and introduce new product offerings. The company currently operates in 40 cities and towns in North India and sells its products through various retail channels.

Smallcase bags $50 mn to expand its investment product offerings

Inshorts · 5m ago

Smallcase bags $50 mn to expand its investment product offerings

Investment tech startup Smallcase has secured INR 428.1 crore in a Series D funding round led by Elev8 Venture Partners. The round also saw participation from State Street Global Advisors, Niveshaay AIF, Faering Capital and Arkam Ventures. The startup plans to deploy the fresh capital to expand its investment product offerings across asset classes, like mutual funds and fixed income.

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