Dairy Tech Startup Stellapps In Talks To Raise $20 Mn To Fuel Expansion
Bengaluru-based dairy tech startup Stellapps is in advanced discussions to raise around $20 Mn in its Series C funding round, Inc42 has learnt. Almost 70% of the funding will be raised from existing investors, including Celesta Capital, Omnivore, Gates Foundation, IDH Farmfit Fund, Blume Ventures, and Qualcomm Ventures. Confirming the development, Stellapps cofounder and CEO…
Whats for dairying in Budget 24-25 by Finance minister
In today’s budget the Finance minister reiterated their commitment towards the farmers and particularly women farmer. Lakhpati didi is the new name given for empowering weomen farmers through SHGs. For dairy sector there was a mention in the FM’s speech as below: Key highlights for the dairy sector in today’s interim budget are as follows…
Centre will help to start Udgir milk scheme project in Maharashtra
The Centre will extend all possible help to restart the Udgir Milk Scheme Project in collaboration with the Maharashtra government, Union minister Parshottam Rupala said on Monday. He said the National Dairy Development Board (NDDB) has been instructed to submit a report regarding the relaunch of this project in Latur district. “Accordingly, a team of…
Dodla Dairy eyes 25% sales volume growth on VADPs
Hyderabad-based Dodla Dairy, a company specialising in processing and distributing milk and dairy products, is targeting a 25% increase in sales volume to average 20 lakh litre per day from around 16 lakh litre currently. https://youtu.be/V5wdZkOtG_g In an interview with CNBC-TV18, Sunil Reddy Dodla, Managing Director said Dodla Dairy wants to go into growth mode…
Good quality fodder crucial for dairy sector: PAU experts
The Directorate of Extension Education, Guru Angad Dev Veterinary and Animal Sciences University (GADVASU), organised a training on ‘Quality Fodder Production, Processing and Marketing’ for officials of the dairy development department. Dairy Development Department Joint Director Kashmir Singh said quality fodder was the foundation for the growth of the sector in the state. He said…
Tripura govt to introduce subsidised milk products at ration shops
The Food and Civil Supplies department of Tripura has announced plans to offer four selected milk products at subsidised rates in government-sponsored fair price shops. The products, sourced from Gomati Diary, a cooperative society-run agency, will be available in 15 fair price shops in and around Agartala city starting February 16. Tripura’s Food and Civil Supplies department…
₹4.5-crore incentive for dairy farmers, milk cooperatives
The Ernakulam Regional Cooperative Milk Producers’ Union (ERCMPU) will disburse around ₹4.5 crore as incentive for milk production during the period between February 1 and March 31. The money translates into ₹7 extra per litre of milk, of which ₹5 will go to the dairy farmer and ₹2 to the primary milk cooperative. ERCMPU chairman…
Heritage Foods Q3 results: Profit surges 96% on strong dairy demand
ndia’s Heritage Foods reported a 96% jump in third-quarter profit on Monday, helped by strong demand for its dairy products. The dairy producer’s consolidated profit rose to Rs 2.69 crore ($3.2 million) for the quarter ended Dec. 31 from Rs 1.373 crore a year earlier. The average selling price of milk rose 5.2% year-on-year, boosting…
After millets Brazilian markets are eyeing Indian dairy products
India and Brazil are discussing a proposal to open the Brazilian market for Indian dairy products, including camel milk and special cheese, two senior officials from the two countries said. Both governments are collaborating on this initiative, following the recent opening of Brazil to Indian millet exports. The proposed partnership also involves plans to set…
Swiss chocolatier Läderach eyes expansion in India
India’s burgeoning appetite for luxury, particularly Western-inspired trends, has caught the eye of Swiss chocolatier Läderach, which controls about 5% of the entire Swiss chocolate market. Landing in Delhi just eight months ago, the brand faces stiff competition and complex import duties, but still sees immense potential in the market and expects to open at…