Bengaluru, February 17
Know-how remedies supplier for dairy sector Stellapps has raised an undisclosed sum from IDH FarmFit, which is the funds’ first equity investment decision in India.
Stellapps and IDH Farmfit Fund have entered into a to start with-of-its-form partnership as a consequence of this financial commitment. Since its inception in 2011, Stellapps has been working towards increasing farmers web income by increasing productiveness in the worth chain, improving milk excellent, and enabling trackability. Apart from, it is also enabling delivery of benefit-additional solutions like credit score, coverage, extension, agri-inputs among others and so on.
“We are immensely pleased to welcome IDH FarmFit Fund as an trader. The investment will contribute to creating out our vision of developing a digital ecosystem that enables smallholder farmers to develop into entrepreneurs. This entails enabling straightforward and well timed access to extension expert services, quality cattle nutrition, monetary solutions, current market linkage. We glimpse forward to learning from the rich working experience of IDH FarmFit Fund to travel a major impact in the Indian Agri sector,” said Ranjith Mukundan, CEO, Stellapps.
Varishna Tewarie, the IDH Farmfit Fund’s investment decision manager for Asia, stated: “We are delighted to help Stellapps with this new expense, which will boost farmer profits and positively affect their lives. We shall witness the transformation of just one of India’s most very important agricultural sectors. The enterprise supports smallholder India farmers by raising transparency, strengthening farming procedures, and enabling fiscal inclusion.”
The Indian dairy sector is the biggest in the environment, contributing 22% of world wide milk output.
February 17, 2022