Bangalore based dairy tech startup, Stellapps has secured an undisclosed amount from IDH FarmFit.
With this investment Stellapps and IDH Farmfit Fund have entered into a first-of-its-kind partnership.
Speaking on the funding round, Ranjith Mukundan, Chief Executive Officer at Stellapps, said, “We are immensely happy to welcome IDH FarmFit Fund as an investor. The investment will contribute towards building out our vision of creating a digital ecosystem that enables smallholder farmers to become entrepreneurs.”
“This involves enabling easy and timely access to extension services, quality cattle nutrition, financial services, market linkage. We look forward to learning from the rich experience of IDH FarmFit Fund to drive a significant impact in the Indian Agri sector,” Mukundan added.
Talking about the investment, Varishna Tewarie of IDH Farmfit, said, “We are delighted to support Stellapps with this new investment, which will improve farmer income and positively impact their lives. We shall witness the transformation of one of India’s most crucial agricultural sectors. The company supports smallholder Indian farmers by increasing transparency, improving farming practices, and enabling financial inclusion.”