[31 May/AgFunder News]

Stellapps Technologies raised $14 million in Series B funding in a round led by IndusAge Partners alongside the Bill & Melinda Gates Foundation, and two strategic corporate venture investors Qualcomm Ventures and ABB Technology Ventures. This is the first investment by the Gates Foundation in India. Omnivore Partner, Mark Kahn, said Dairy was India’s largest crop, larger than rice and wheat. Two billion litres of milk flow through Stellapps’ platform annually. It had also digitised payments for the industry. The proceeds would go towards expanding Stellapps globally. Mr Kahn added the dairy economy in the developing world was a massive opportunity and Stellapps full stack solution seemed to be the best way to make digitalisation in dairy a reality globally. Stellapps was founded in 2011 by five technology industry veterans.