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Since 2019, Nutreco has made over 10 investments across Asia, Latin America, Australia, Europe and the USA
Nutreco, a global animal nutrition and aquaculture company based in the Netherlands, has announced its investment in Bengaluru-based dairy-tech startup Stellapps.
Led by Nutreco, Stellapps has completed the first close towards its pre-series C round from various investors. The total size of the round will be $18 Million. This fundraising round also saw participation from existing investors including Qualcomm Ventures, Celesta Capital, and ABB Technology Ventures.
Stellapps plans to deploy the funds to rapidly scale-up its traceability network and extend its digital footprint across India.
India is the world’s largest dairy market; approximately 570 million litres of milk is produced daily, and recent research indicates that the country’s dairy market is set to increase by 6% between 2021 and 2026. With two thirds of dairy farmers being smallholder dairy farmers (with between two and five cows), India’s dairy market has a large sustainability footprint and there is significant room for improvement.