Mumbai based dairy startup Happy Cow Dairy Co has raised about Rs 4 crore in its seed round of funding from a clutch of angel investors including former executive at Citi Bank and serial entrepreneur Mahendra Mehta and others.
Happy Cow Dairy aggregates milk from dairy farmers by building milk collection centres enabled with technology near milk farms in Maharashtra and provides them in bulk to dairy corporations such as Schreiber Dynamix Dairy.
Happy Cow Dairy currently has about 20 milk collection centres in Maharasthra’s Pune and Ahmednagar belts, complete with refrigeration units, weighing scales and testing equipment to ensure collection of high quality milk. The startup has connected procures milk from about 600 farmers across villages in these areas.
Within 4 months of operations the firm has racked up Rs 6 crore in revenues and is looking to use the capital to set up upto 150 centres over the 2 years.