Stellapps Technologies Private Limited
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Stellapps Technologies Private Limited - overview
Established
2011
Location
Bangalore, Karnataka, India
Primary Industry
Software
About
Stellapps Technologies Private Limited is an IoT-driven company dedicated to improving the dairy supply chain's productivity and efficiency through innovative technology solutions. Founded in 2011 in Bangalore, India, Stellapps Technologies Private Limited specializes in IoT solutions for the dairy industry. The company has successfully raised funding through 10 deals, with the latest being a Series C round in October 2024, bringing the total funds raised to USD 18. 00 mn.
The company was established by co-founders Praveen Nale, Ramakrishna Adukuri, Ranjith Mukundan, Ravishankar Shiroor, and Venkatesh Seshasayee, with Rahul Mallick currently serving as CEO. Stellapps offers a comprehensive suite of IoT-based solutions designed to enhance the productivity and efficiency of the dairy supply chain. Their key products include the mooOn wearable device for cattle monitoring, smartAMCU for optimizing milk procurement, smartCC for managing cold chain logistics, and ConTrak, which helps monitor temperature-sensitive products. These offerings target critical challenges in the dairy industry, focusing on herd performance, milk quality, and procurement transparency, primarily serving dairy farmers, cooperatives, and processors.
In the most recent year, Stellapps reported a revenue of USD 6,382,816. 70, alongside an EBITDA of USD -3,304,260. 30. The company generates revenue through a structured transaction model involving subscriptions and partnerships with dairy cooperatives and processors, enhancing workflow efficiency and supporting data-driven decision-making.
Following their Series C funding round in October 2024, which raised a total of USD 26 mn and included investments from Miledeep Capital, 500 Startups, and Blue Ashva Capital, Stellapps plans to accelerate its mooMark business. This initiative focuses on high-quality, sustainable, and traceable contract manufacturing and private-label dairy products. The funding will support expansion into new markets, targeting regions with significant dairy production, further establishing Stellapps' presence in the dairy industry.
Current Investors
500 Global, Blume Ventures, General Catalyst India
Primary Industry
Software
Sub Industries
Data Centers, Web Applications, Analytics & Performance Software, Agribusiness
Website
www.stellapps.com
Verticals
Agtech, Cloud Computing, IoT (Internet of Things)
Company Stage
Series C
Total Amount Raised
Subscriber access only
Stellapps Technologies Private Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | Stellapps Technologies Private Limited | - |
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