Mumbai-headquartered, dairy supply chain startup MilkLane has raised Rs 27 crore led by Swiss-based incubator-cum-investment firm Pioneering Ventures, American dairy company Schreiber Foods and some ultra high net-worth families.
Claimed to be India’s first industrial-scale high-quality milk collection and supply platform, MilkLane is looking to utilise the capital to expand its network of milk collection centres and to strengthen its digital and analytics capabilities in the supply chain.
Based out of Kuppam (Andhra Pradesh) MilkLane controls the end-to-end dairy supply chain that ensures high-quality milk for industrial buyers and consumers. Founded in 2015 and incubated by Pioneering Ventures in 2015, MilkLane began commercial operations in January 2017.
MilkLane works around a BCO (bulk cooler operators) model, which are collection centres with bulk tanks that can hold up to 2,000 litres of milk. These BCOs help collect and store milk in a strict temperature-controlled environment thereby helping to increase the shelf life and quality of the milk.
“We work with farmers on the complete life cycle of the process providing advisory services on managing and rearing cattle, managing farms and providing them with the right kind of cattle feed to help improve the milk yield and quality,” Gaurav Haran, COO of MilkLane, reported ET.
The startup is looking to widen its farmer network to 100,000 farmers and 1,000 BCOs and aims to creation and collection of 400,000 litres of milk in the next two years.
In August, Bengaluru-based Doodhwaala, a digital milk delivery startup raised an undisclosed amount in pre-Series A round from Tom Varkey, a partner at US-based hedge fund Stonehill Capital.
Prior to that, subscription-based daily needs platform Supr Daily raised Rs 10 crore from a consortium of Silicon Valley angels.