New Delhi : Dairy-tech startup Stellapps Technologies has successfully raised ₹209.79 crore in equity and debt from investors, including Blume Ventures and the Bill & Melinda Gates Foundation, to enhance its mooMark business.
mooMark, a wholly-owned subsidiary of Stellapps, specializes in contract manufacturing and private-label dairy products, offering comprehensive services that range from sourcing milk directly from farmers to processing and delivering finished products.
Stellapps CEO Ranjith Mukundan stated, “This funding will enable mooMark to expand its range of value-added dairy products sustainably and strengthen its export capabilities in the future.” The funding round attracted participation from existing investors such as Omnivore, IDH Farmfit Fund, 500 Startups, Blue Ashva Capital, and new investor Miledeep Capital, with debt financing provided by the US International Development Finance Corporation (DFC).
Founded by IIT Madras, Stellapps Technologies is a Bengaluru-based provider of farm-to-consumer dairy digitization services, serving over 3.5 million farmers across 42,000 villages and facilitating the delivery of 14 million liters of milk daily.
