IIT Madras startup launches ‘mooPay’ for dairy farmers in Rajasthan

The IIT-Madras incubated dairy-tech startup, “Stellapps” has launched a first-of-its-kind, fully-automated direct fee platform, ‘mooPay’, for dairy farmers in Rajasthan. The Digital know-how options supplier Stellapps is a primary of its sort end-to-end dairy know-how options firm of India. It can be one of many know-how pioneers of the World Economic Forum (WEF).

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About “mooPay”:

  • mooPay is a fee gateway for dairies and dairy farmers the place the dairy officers can switch milk funds digitally to member farmers from the dairies’ current checking account to farmers’ financial savings checking account.
  • Directly depositing funds in farmers’ financial institution accounts will assist improve farmer financial savings and also will construct farmer loyalty to the dairy.
  • This will take away the dangers and prices of transferring cash in money to tons of of hundreds of farmers in tons of of villages.

Important takeaways for all aggressive exams: 

  • Stellapps CEO: Ranjith Mukundan
  • Stellapps headquarters: Bengaluru, Karnataka.

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