Stellapps receives technology pioneer award from World Economic Forum

BENGALURU, 17 June, 2020: Stellapps, the Bengaluru based market leader in the Indian dairy tech space, was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers”. 

Stellapps is a farm to consumer dairy digitization service provider, improving productivity, quality and ensuring end-to-end traceability across the dairy supply chain. It leverages advanced analytics and artificial intelligence through its full-stack IoT platform to enable dairy ecosystem partnerships with financial & insurance institutions, veterinary services, cattle nutrition providers etc. to drive significant value for each stakeholder especially the smallholder farmers.

Digitizing 9 million liters of milk daily

Through its customer-base which includes all major private & co-operative dairies, Stellapps currently digitizes over 9 million litres of milk worth USD 3.4 million each day and directly impacts 2 million dairy farmers in over 28,000 Indian villages.

Stellapps’ award-winning SmartMoo suite of solutions has enabled the largely unorganized dairy sector in India to embrace the digital revolution.

The power of this digital transformation has been most evident during the COVID-enforced lockdown, with Stellapps- enabled milk processors being able to function seamlessly. The ability to procure milk across thousands of centres in a 100% contactless manner allowed the dairies to adhere to sanitary guidelines released by government agencies.

Real-time remote monitoring help traceable, high-quality milk

By enabling real-time remote monitoring of the procurement operations, Stellapps allowed the dairies to ensure that their customers continued to receive safe, traceable, and high-quality milk. In addition, the tech platform facilitated digital payments and hassle-free credit and insurance to marginal dairy farmers, allowing them to tide over the economic distress brought about by the pandemic. 

The World Economic Forum’s Technology Pioneers are early to growth-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. Technology Pioneers community is an integral part of the larger Global Innovators community of start-ups at the World Economic Forum.

Following its selection as Technology Pioneer, Ranjith Mukundan, CEO and Co-founder of Stellapps will be invited to participate at World Economic Forum activities, events and discussions throughout the year.

Stellapps will also contribute to Forum initiatives over the next two years, working with policymakers and private sector leaders to help define the global agenda on key issues.

“We’re excited to welcome Stellapps to our 20th cohort of Technology Pioneers,” World Economic Forum’s Head of the Global Innovators Community Susan Nesbitt said.

“Stellapps and its fellow pioneers are developing cutting edge technologies all over the world. Beyond their innovations, these firms are contributing greatly to improving the state of the world,” Nesbitt added.

Stellapps’ CEO Ranjith Mukundan commenting on the development said, “We consider the selection as the validation of the impact created in the lives of millions of smallholder farmers. It is also a confirmation of the uniqueness of our technology and its potential to orbit-shift the Indian dairy sector’s productivity, profitability and sustainability with milk quality and traceability as the cornerstone. We look forward to sharing our learnings to help address the challenge of food safety and farmer profitability through the Forum dialogues.”

20th anniversary of the Tech Pioneers community

This year’s cohort selection marks the 20th anniversary of the Tech Pioneers community. Throughout its 20-year run, many Technology Pioneers have continuously contributed to advancement in their industries while some have even gone on to become household names.

Past recipients include Airbnb, Google, Kickstarter, Mozilla, Palantir Technologies, Spotify, TransferWise, Twitter and Wikimedia.

2020 Tech Pioneer firms are shaping the future by advancing technologies such as AI, IoT, robotics, blockchain, biotechnology and many more.

The diversity of these companies extends to their leadership as well, as over 25 percent of 2020 Tech Pioneers are female led. The firms also come from regions all around the world, extending their community far beyond Silicon Valley. The full list of Technology Pioneers can be found here.

Technology Pioneers have been selected based on the community’s selection criteria, which includes innovation, impact and leadership as well as the company’s relevance with the World Economic Forum’s Platforms.