Digivridhi Fintech startup for dairy farmers raises 3.1 mill USD
Digivriddhi Technologies Private Limited, DGV a Dairy Industry focused neo-banking startup, has raised $3.1 million pre-series A round from Info Edge Ventures and Omnivore. Through its assisted digital platform, DGV has chosen to focus on India’s 75 million dairy farmers, providing them access to formal banking and world class financial services. Ragavan Venkatesan, Founder and…
Ice cream parlours asked to pay 18% gst from July 2017
Ice cream parlours are feeling the heat as GST Authorities in various States have started issuing summons since an October 6 clarification on a new system of levy. In its September 17 meeting, the GST Council clarified that ice cream parlours sell already manufactured ice cream. The government said a GST of 18% should be levied…
Dairy also offers opportunities to D2C delivery models like Fresh to Home
The last few years have seen major developments within the dairy and meat sector, particularly concerning the supply chain side of things. If you are someone who likes to get daily essentials of meat and dairy to be available at your home in time, chances are you have heard of these start-ups FreshToHome, Licious, Zappfresh, Grubmarket,…
Milk production in the country is Rs 8 lakh crore : Parshottam Rupala
The annual growth rate in the livestock sector in the country is more than eight percent in the last five years. This rate is even higher than the manufacturing sector. Milk production in the country is Rs 8 lakh crore, which is more than the total production of wheat, pulses and oilseeds. This information was…
Stellapps awarded the ‘Best agri start-up in digital innovations
Stellapps Technologies was awarded the ‘Best agri start-up in digital innovations at Agri-Food Empowering India Awards for its effort in digitizing the dairy sector in India. The award was presented by the esteemed Chief Guest Shri. Prahlad Singh Patel, Hon’ble Minister of State for Food Processing Industries and Jal Shakti of India at New Delhi….
All-women milk producers institute (MPI) inaugurated by Karimnagar Dairy
Karimnagar Dairy Chairman Ch Rajeshwara Rao said that the women dairy farmers were contributing their best to the “white revolution” in the district. Rao on Thursday inaugurated the all-women milk producers institute (MPI) in Deshrajpalli village in Ramadugu mandal, which was constructed at a cost of Rs 6 lakh and the Karimnagar Dairy provided financial…
Naveen Patnaik Inaugurates 5 Lakh LPD OMFED Dairy Plant In Cuttack
Amid massive demonstrations by Opposition BJP, Chief Minister Naveen Patnaik inaugurated an ultra modern mega OMFED (Odisha State Cooperative Milk Producers’ Federation) dairy plant at Arilo in Cuttack district on Wednesday. The plant has been set up by the Fisheries and Animal Resources Development Department, Odisha government at a cost of Rs 263 crore. It…
Aavin will take action against retailers who sell milk above MPRP
Dairy Development Minister S.M. Naser on Wednesday said Aavin will not hesitate to take action against retailers and milk vendors who sell milk above the maximum retail price (MRP). Addressing presspersons after a review meeting with general managers (GM) of all district unions, Mr. Naser said that during the 2015 floods, there were instances of…
Ananda and Mother Dairy are value for money brands in dairy whiteners
There has been a surge in the consumption of dairy whiteners these days. Those who use them in coffee and tea find it dissolves easily and gives their tea a very great whitening ability. We have a good number of dairy whitener brands available in the market which gets sold on different claims. Be it…
Indian dairy industry to grow by 9-11 per cent in FY22: ICRA Report
The dairy industry is expected to grow by 9-11 per cent in 2021-22, driven by a revival in economic activities, increasing per capita consumption of milk and milk products, changing dietary preferences due to rising urbanisation, according to a report. The industry-wide demand to grow by 9-11 per cent in the financial year 2021-22, Icra…