ABB invests undisclosed sum in IIT-incubated startup through its VC fund

The recipient, Stellapps Technologies, offers end-to-end dairy supply chain solutions that are used by 750,000 farmers

ABB has invested an undisclosed sum in IIT-Madras incubated Bengalaru-based startup, Stellapps Technologies, through its venture capital unit, ABB Technology Ventures (ATV). This is ATV's first investment in India. 

The Series B investment round was led by IndusAge Partners and included new participants Qualcomm Ventures and Bill & Melinda Gates Foundation (through its project-related investment team in London). 

Stellapps offers end-to-end dairy supply chain solutions that are used by over 750,000 farmers. Founded in 2011, the Bengaluru-based startup is building automated tools leveraging Internet of Things (IoT) and advanced analytics to improve milk production and quality for the country's dairy farms, collection