The two companies will use their combined agribusiness technologies, development resources and industry expertise to enable and innovate last mile dairy supply chain solutions for markets in India and abroad, a company statement said. Mr Milkman is backed by Anil Arya and Bimal Arya, co-founder of mosquito repellent brand All Out.
Mr. Samarth Setia, Chief Executive Officer and Co-Founder, Mr. Samarth Setia said, “The Indian dairy sector and milk brands in India will need to employ technology at every stage from milk procurement to the last delivery mile.” Milk brands in India and around the world operate on low margins, and since there is a range of milk prices, the only way to increase profits is to become more efficient – which can only happen through the implementation of technology.
Scott Sexton, CEO of Dairy.com, said, “Our entire global team is committed to developing innovative solutions that empower supply chains to feed a growing world, and Mr Milkman is a natural addition to our agtech solutions portfolio. Is.”
Established in 2017, Mr Milkman works with large/medium sized dairies, milk brands and individual milk suppliers using an online SaaS platform. Already being used by over 60 Indian dairy brands, Mr Milkman Dairy enables food product companies to efficiently manage multiple aspects of dairy distribution, supply chain, customer subscription and delivery requests.
in India, Mr Milkman It has tied up with firms like Akshaykalp, Amlan A2 Milk, Go4Life, Gyan Dairy, House of Nanak, Himalayan Creamery, Milk Mantra, Milk Valley Farms, Raw Pressery, Yakult and White Farms.
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India is the world’s largest producer and consumer of milk and dairy products. Dairy is one of the largest agricultural businesses in India, and the industry is valued at Rs. 11,357,00 crores.
Additionally, this segment has huge growth potential with value-added products like paneer, curd, probiotic drinks, flavored milk, ice cream and other products. India produces 150 million tonnes of milk per year.
In the future, the combined entity will look to optimize and digitize multiple areas of the agricultural supply chain in India, North America and Europe, the company statement said.