LMW
LMW

Do you want to advertise here? Contact us

OEM Play Store
OEM Play Store

Do you want to advertise here? Contact us

ABB Technology Ventures invests in Indian food industry startup
.

ABB Technology Ventures invests in Indian food industry startup

By OEM Update Editorial September 11, 2018 3:58 pm IST

ABB has invested in Stellapps Technologies through its venture capital unit, ABB Technology Ventures (ATV). The Series B investment round was led by IndusAge partners and included new investors Qualcomm Ventures and the Bill & Melinda Gates Foundation (through its program-related investment team in London). Stellapps is India’s first end-to-end dairy supply chain solutions company, in use by over 7,50,000 farmers daily. Founded in 2011, the Bangalore-based startup is building automated tools leveraging the Internet of Things (IoT) and advanced analytics to improve milk production and quality for the country’s dairy farms, collection centers and processors. This is ATV’s first investment in India.

The cornerstone of the Stellapps solution is SmartMoo, a full-featured analytics solution covering the entire value chain from milk production to farmer payments. SmartMoo can track an animal’s health and yield through a wearable sensor, measuring parameters such as milk quantity and yield, and monitor conditions under which the milk is stored, transported and distributed.

India’s $70 billion dairy market is one of the largest in the world by volume and the Stellapps effort is significant because it touches so many actors in the supply chain, including the broad base of rural dairy farmers. Most of these lower-volume farmers have previously lacked actionable data to improve their operations but through the Stellapps platform, free for their use, data regarding the quality and quantity of milk, the history of production by each farmer and the fees owed to them, enables immediate feedback and peer learning opportunities to improve productivity and boost income. Other needs in the Indian dairy industry such as improved inventory management, reducing deterioration of perishable food items, elimination of waiting times outside processing plants and better service delivery are also being addressed by the Stellapps platform.

Advertising

OEM Android App

Your future advertising space? Our media data

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Webinar
Webinar

Do you want to advertise here? Contact us

Autodesk
Autodesk
Trucut
Trucut
OEM Update QR Code
OEM Update QR Code

Events

Logimat India
Logimat India
Metal Forming Expo
Metal Forming Expo
ChemProTech India 2025
ChemProTech India 2025
Aerodef India Manufacturing Expo
Aerodef India Manufacturing Expo

eMagazine December 2024

eMagazine December 2024
eMagazine December 2024

Do you want to advertise here? Contact us

Our Sponsors

Carl Zeiss India
Carl Zeiss India
STMCNC
STMCNC
Maco-c
Maco-c
Inovance Technology
Inovance Technology
Mallcom
Mallcom
igus
igus
Delta Electric
Delta Electric
Wago Pvt Ltd
Wago Pvt Ltd
Studer
Studer
Urgo Capital
Urgo Capital
Prostar
Prostar
Super Slides
Super Slides
Quality Spares Center
Quality Spares Center
Endress Hauser
Endress Hauser
ACE Micromatic Group
ACE Micromatic Group
Hosabettu Heavy Machinery LLP
Hosabettu Heavy Machinery LLP
Ceratizit
Ceratizit
Chicago Pneumatic Tools
Chicago Pneumatic Tools
Concord Hydraulics
Concord Hydraulics
MMC Hardmetal Pvt Ltd
MMC Hardmetal Pvt Ltd
Mennekes
Mennekes
TruCut
TruCut
Voestalpine
Voestalpine
tectyl
tectyl
LMW
LMW
BKT Tires
BKT Tires
Mitsubishi Materials
Mitsubishi Materials
Molygraph
Molygraph
Fietest
Fietest
Exorint
Exorint
Exon mobil
Exon mobil
Wika Instruments India
Wika Instruments India