Stellaps Technologies, a electronic solutions service provider for dairy source chain has diversified into milk procurement and has started sourcing milk for large brand names these as ITC and CavinKare.
The company, which is setting up a milk procurement network also proposes to give extension products and services including agri-inputs these as feed, fertilisers and dietary supplements to the dairy farmers.
More than the earlier number of months, Stellaps has started milk procurement functions in Kolar district of Karnataka and Jap Uttar Pradesh. “We are have started procurement in these two clusters now and prepare to established up 18 more these clusters about the future twelve-18 months,” reported Ranjith Mukundan, CEO, Stellapps Technologies Pvt Ltd.
“We see Jap India as a excellent industry, in which there are not as well numerous players,” Mukundan reported including that the company was ramping up procurement functions in the area. Presently, Stellapps procures about 30,000 litres per day of which 18,000 litres is from Jap UP and rest in Kolar. The company at this time operates about four hundred milk procurement centres in these two clusters, in which at minimum 100 farmers are actively pouring milk at every single of these centres.
Commenting on the diversification tactic, Mukundan reported the thought is to permit facts driven high quality industry linkages by turning out to be a demand from customers fulfilment companion sourcing superior high-quality confident milk for the consumer brand names, launching differentiated milk and milk-based solutions these as paneer, cheese and flavoured milk amid other folks.
Stellapps has been furnishing a suite of know-how solutions including traceability for automating the Indian dairy sector since 2011 and has about 250 customers including all main non-public and co-operative dairies. It plans to leverage its current pan India footprint for the proposed diversification. “We at this time digitise about 13.5 million litres of milk movement each day in about 36,000 villages instantly impacting about three million registered farmers,” Mukundan reported.
Stellapps is focusing on procurement of 1 million litres about future 24 months and has started on-boarding talent on pan India foundation. It is also in sophisticated phases of increasing a multi-million dollar funding to finance the diversification plans about the future 18 months.
Incubated at IIT Madras, Stellapps, so far, elevated about $20 million from buyers including Omnivore, Gates Foundation, Qualcomm, ABB Ventures, WRVI Cash, Blume Ventures and Enterprise Highway.
Stellapps is arranging a source chain to feed into the major twenty metropolitan areas and the proposed clusters would be closer to recognized metropolitan areas these as Coimbatore, Vizag, Jaipur, Pune, Lucknow, Kanpur and Patna amid other folks, Mukundan reported. T
The company plans to lease out the dairy processing plants and has started figuring out capacities close to Mysore, Erode, Patna and Lucknow. “We prepare to choose the processing models on lease foundation relying on the volumes and run it on our high-quality criteria,” he reported.
Stellapps, which has clocked an yearly turnover of about Rs 100 crore, is eyeing Rs one hundred seventy crore for the present-day money year.