Dairy tech firm Stellapps diversifies into milk procurement

Stellaps Technologies, a digital remedies provider for dairy provide chain has diversified into milk procurement and has started off sourcing milk for substantial makes these types of as ITC and CavinKare.

The business, which is building a milk procurement network also proposes to offer extension solutions which includes agri-inputs these types of as feed, fertilisers and health supplements to the dairy farmers.

Over the earlier several months, Stellaps has started off milk procurement operations in Kolar district of Karnataka and Japanese Uttar Pradesh. “We are have started off procurement in these two clusters now and system to established up 18 far more these types of clusters about the upcoming 12-18 months,” stated Ranjith Mukundan, CEO, Stellapps Technologies Pvt Ltd.

“We see Japanese India as a fantastic industry, where by there are not much too quite a few players,” Mukundan stated including that the business was ramping up procurement operations in the area. Presently, Stellapps procures all over 30,000 litres for every day of which 18,000 litres is from Japanese UP and relaxation in Kolar. The business now operates about four hundred milk procurement centres in these two clusters, where by at least one hundred farmers are actively pouring milk at every single of these centres.

Commenting on the diversification tactic, Mukundan stated the notion is to enable facts driven quality industry linkages by getting a demand fulfilment companion sourcing substantial excellent certain milk for the customer makes, launching differentiated milk and milk-primarily based solutions these types of as paneer, cheese and flavoured milk among the other individuals.

Stellapps has been delivering a suite of technological know-how remedies which includes traceability for automating the Indian dairy sector considering the fact that 2011 and has about 250 consumers which includes all key personal and co-operative dairies. It plans to leverage its existing pan India footprint for the proposed diversification. “We now digitise about thirteen.5 million litres of milk stream each and every day in about 36,000 villages straight impacting about three million registered farmers,” Mukundan stated.

Stellapps is focusing on procurement of 1 million litres about upcoming 24 months and has started off on-boarding expertise on pan India basis. It is also in innovative stages of boosting a multi-million greenback funding to finance the diversification plans about the upcoming 18 months.

Incubated at IIT Madras, Stellapps, so much, raised about $twenty million from investors which includes Omnivore, Gates Foundation, Qualcomm, ABB Ventures, WRVI Cash, Blume Ventures and Undertaking Freeway.

Stellapps is scheduling a provide chain to feed into the best twenty metropolitan areas and the proposed clusters would be nearer to discovered metropolitan areas these types of as Coimbatore, Vizag, Jaipur, Pune, Lucknow, Kanpur and Patna among the other individuals, Mukundan stated. T

The business plans to lease out the dairy processing crops and has started off determining capacities in close proximity to Mysore, Erode, Patna and Lucknow. “We system to acquire the processing units on lease basis relying on the volumes and run it on our excellent expectations,” he stated.

Stellapps, which has clocked an yearly turnover of about Rs one hundred crore, is eyeing Rs one hundred seventy crore for the present-day economical 12 months.