MilkLane raises USD 4 million in funding

MilkLane, a dairy supply chain company, has raised Rs 27 crore (USD 4 million) in pre-Series A funding from Pioneering Ventures, Schreiber Foods and ultra-high net worth families.
The company said it plans to utilize this capital to expand its network of milk collection centers and strengthen its digital and analytics capabilities in the supply chain.
MilkLane attempts to address the challenges faced bythe dairy industry by fundamentally transforming and modernizing critical stages of the entire supply chain, itsaid in a release.
Its integrated procurement system helps maintain strong checks and preserves the freshness and quality of milk through effective amalgamation of technology.

In addition to that, the company provides high quality toxin-free cattle feed to mitigate health risks caused due to prolonged feeding of mould infested feeds/fodder which can contaminate the milk with aflatoxins, it said.
"We intend to create a pan-India network of industrial production units, village level bulk coolers and introduce IT-enabled solutions to provide a fresh, safe and steady supply of high quality milk to our partners in the industry," MilkLane COO Gaurav Haran said.
The company manages the entire supplychain from farm to processing, applying real time IT enabledprocess monitoring and data analytics, MilkLane said,adding it procures milk from selected dairy farmers and deliversit to industrial scale off-takers such as industrialprocessors, FMCG companies and milk product manufacturers.