- October 5, 2021 / 5 min readThe company has acquired a 100% stake in Mr. Milkman to strengthen its integrated supply chain solution offerings for dairies worldwide.
America’s leading dairy technology, services, and intelligence provider, Dairy.com, has made its first investment in India with the acquisition of Mr. Milkman, India's leading last-mile dairy supply chain SaaS platform.
The company has acquired a 100% stake in Mr. Milkman to strengthen its integrated supply chain solution offerings for dairies worldwide.
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.
“Indian dairy sector and milk brands in India will need to employ technology at every level, right from procurement of milk to last mile delivery in order to grow and be successful. Milk brands in India and around the world operate on slim margins, and since milk prices have a cap, the only way to grow profits is to become more efficient – which can only happen through the implementation of technology,” said Samarth Sethia, CEO & Co- Founder, Mr. Milkman.
India is the world’s largest producer and consumer of milk and dairy products. Dairy is one of the most sizable agribusinesses in India, and the industry is valued at Rs. 11, 357 billion. Additionally, there is huge growth potential with value-added products such as cheese, yogurt, probiotic drinks, flavored milk, ice cream, and other products in the segment.
Already used by over 60+ Indian dairy brands, Mr. Milkman enables dairy food product companies to efficiently manage multiple aspects of dairy distribution, supply chain, customer subscriptions, and delivery requests. In addition to being cost-effective to implement, Mr. Milkman is a pre-built alternative to food delivery aggregator apps and includes payment processing capabilities. Mr. Milkman works with Akshayakalpa, Gyan Dairy, Whyte Farms, Abis Dairy, Carnival Group, Fortune Dairy, Binsar Farms, Nutrimoo, Healthways, and many others in India.
In the future, the combined entity will look to optimize and digitize several areas of the agriculture supply chain in India, North America, and Europe
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