DBS Bank India has partnered with Stellapps, a leading dairy-tech startup, to promote digitalization among small dairies across India. The collaboration is intended to benefit 20,000 farmers now and over 100,000 dairy farmers in the near future.
Stellapps’ digital milk procurement system presently supports 250 dairy processors, 2.8 million dairy farmers, and provides digital data on over 13 million litres of milk every day. Given the investments involved, a significant number of dairies are hesitant to adopt a digital structure. Hence, they choose to lease Stellapps’ digital network.
Stellapps Digital Network and DBS Bank will provide dairy farmers with access to funds required for digitisation. This partnership builds on the government’s Digital India vision.
Divyesh Dalal, Head, Global Transaction Services, DBS Bank India, said, “Our focus is to develop tech-enabled solutions that directly impact efficiency across the supply chain. Our partnership with Stellapps has allowed us to work on an enabling solution that will benefit the dairies and farmers. The collaborative effort has resulted in a solution that drives higher yield, increased efficiency, and overall visibility across intermediaries. We believe this solution will benefit the larger ecosystem and help build parallels across the Agri value chain.”