BENGALURU: Omnivore-backed agritech 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. Bengalurubased 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. According to venture capital investors tracking this space, the Indian government controls approximately 40% of the dairy market. The company’s clients include private dairies and dairy farms operating across India, Russia, France and Nepal, among other countries. Currently, Stellapps’ products include various applications for milk production, procurement, cold-chain management, a farmer wallet and cattle insurance application.

Source: Economic Times May 31, 2018 03:06 UTC