MilkLane, a dairy supply chain company, said it had raised ₹27 crore in a pre-Series A funding from Pioneering Ventures, Schreiber Foods and ultra-high net worth families.
The dairy-tech company plans to use this capital to expand its network of milk collection centres and strengthen its digital and analytics capabilities in the supply chain.
‘First-mile focus’
“We aim to improve India’s dairy supply chain by applying international quality standards in technology and innovation to the ‘first mile’ of milk,” said Gaurav Haran, COO of MilkLane, in a statement. India is the largest milk producer in the world with millions working in the industry’s supply chain.
However, the sector remains largely unorganised with collection and distribution still underdeveloped. This has led to problems like poor quality milk which can be contaminated with antibiotics and toxins.
MilkLane said it attempts to address these challenges by transforming and modernising critical stages of the entire supply chain. The company said it manages the entire supply chain from farm to processing, applying real-time IT-enabled process monitoring and data analytics.
