ABB Technology Ventures has invested in Indian dairy tech start-up Stellapps Technologies in a Series B investment round.
Stellapps has developed an analytics solution called SmartMoo, which improves milk production and quality for over 750,000 farmers in the country.
SmartMoo covers the entire milk production process from the processing of milk to the payment of farmers, and the technology utilises a wearable sensor for cattle which tracks various factors such as milk quantity and yield as well as the health of animals.
Stellapp’s platform also tracks figures relating to inventory management, waiting times outside processing plants and tracking the time it takes for food items to perish.
ABB’s investment will also see both companies form a strategic partnership to create a digital platform which will seek to address these challenges.
Grant Allen, managing director at ABB Technology Ventures said: “Since meeting Stellapps, we’ve been impressed with their category-defining software and the large market opportunity ahead of them.
“We believe their technology will have a major impact on India’s thriving dairy economy, especially the many dairy farmers running smaller, home-based operations.
“We’ve also worked closely with our control technologies business to complement ABB’s existing offerings, notably our manufacturing execution system (MES) business, part of the ABB Ability Manufacturing Operations Management (MOM) offering.
“Cementing a partnership with Stellapps by becoming an equity investor enables ABB to go to market in India with a cloud-connected, IoT-led, digital dairy solution.”
Stellapps CEO Ranjith Mukundan added: “Stellapps is entering a stage of accelerating growth, and this strategic group of investment partners will be very valuable to scale our technology platform.
“We are excited to partner with ABB Technology Ventures and tap into ABB’s expertise and global reach for industrial automation solutions, particularly for food and beverage applications.”
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