Social VC Investments
Agritech startup Stellapps raises funds from IDH FarmFit Fund
Bengaluru-based dairy tech startup Stellapps has raised an undisclosed amount in funding from IDH FarmFit Fund. This is the fund's first equity investment of the Netherlands-based impact fund in India. Stellapps is a tech-powered dairy supply chain service that works to raise farmers' net income by improving productivity in the value chain, enhancing milk quality and enabling trackability. It leverages advanced analytics and artificial intelligence through its full-stack IoT platform to digitize more than 13 million litre of milk worth USD 3.4 million each day, currently.
From the Venture Intelligence PE-VC Deal Database: Between Jul-13 and Oct-21, Stellapps raised $35.3 M from Celesta Capital, ABB Technology Ventures, Qualcomm Ventures, Stride Ventures, Gates Foundation, Beenext, VH Capital, IndusAge Partners, Omnivore Partners, Blume Ventures, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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