[Funding News] Dairy Tech Startup Stellapps Secures $26 Mn Funding

Stellapps, a firm providing dairy technology solutions, has secured $26 million through debt and equity.

The funding round included Miledeep Capital, with debt funding from the US International Development Finance Corporation (DFC), Blume Ventures, Omnivore, Bill & Melinda Gates Foundation, IDH Farmfit Fund, 500 Global (formerly 500 Startups), and Singapore-based Blue Ashva Capital.

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The capital will go towards growing Stellapps’ mooMark division, which specialises in private-label dairy and contract manufacturing.

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.

About Stellapps

Founded in 2011 by Mukundan, Ravishankar G Shiroor, Praveen Nale, Ramakrishna Adukuri, and Venkatesh Seshasayee, 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 and insurance institutions, veterinary services, cattle nutrition providers, agro-input providers, etc.

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