The News Scroll 08 December 2017  Last Updated at 7:31 pm | Source: PTI

MilkLane raises USD 4 million in funding  

MilkLane raises USD 4 million in funding

Bengaluru, Dec 8 (PTI) 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 by the dairy industry by fundamentally transforming and  modernizing critical stages of the entire supply chain, it said 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 supply chain from farm to processing, applying real time IT enabled process monitoring and data analytics, MilkLane said,adding it procures milk from selected dairy farmers and delivers it to industrial scale off-takers such as industrial processors, FMCG companies and milk product manufacturers.

Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
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