Agritech Startup Raises $14 Million From Gates Foundation & Others
Bengaluru based Agritech startup Stellapps raises $14 million funding led by Bill and Melinda Gates Foundation and IndusAge Partners, among others.
Stellapps Technologies have one of the largest dairy IoT platforms in India and they will use the current funding for product development and operation expansion including for monitoring the quantity and quality of milk, storage facilities, creating wearable devices for tracking cattle health and infrastructure for housing the cattle.
Ultimately, the focus is on reducing costs for the farmer by ensuring there are higher milk yields and consistent health of their cattle.
The company is also backed by Flipkart founder Binny Bansal and Omnivore Ventures.
The Indian government currently holds 40% of the dairy space.
In 2017, the comp...