Categories: State News

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 payment platform, ‘mooPay’, for dairy farmers in Rajasthan. The Digital technology solutions provider Stellapps is a first of its kind end-to-end dairy technology solutions company of India. It is also one of the technology pioneers of the World Economic Forum (WEF).

WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

About “mooPay”:

  • mooPay is a payment gateway for dairies and dairy farmers where the dairy officials can transfer milk payments digitally to member farmers from the dairies’ existing bank account to farmers’ savings bank account.
  • Directly depositing payments in farmers’ bank accounts will help enhance farmer savings and will also build farmer loyalty to the dairy.
  • This will remove the risks and costs of transferring money in cash to hundreds of thousands of farmers in hundreds of villages.

Important takeaways for all competitive exams: 

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

Find More State In News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Leave a Comment
Share
Published by
Sumit Arora
6 years ago

Recent Posts

Cristiano Ronaldo Biography: Early Life, Football Career, Records, Awards and Portugal Retirement

Cristiano Ronaldo is one of the most successful and recognised footballers in the football history.…

2 hours ago

Cristiano Ronaldo Announces Retirement from Portugal’s National Team After 23 Years

Portuguese football star and Global icon Cristiano Ronaldo has announced his retirement from the international…

3 hours ago

Supreme Court Clarifies 24-Hour Rule for Producing Arrested Persons Before Magistrate

The Supreme Court of India has made it clear that the constitutional 24-hour time period…

3 hours ago

JNCASR’s Terahertz Chip Achieves 100 Gbps Data Speed Using Topological Photonics

Researchers based at the Jawaharlal Nehru Center for Advanced Scientific Research (JNCASR) have developed a…

4 hours ago

Chhattisgarh Legislative Assembly to Become Paperless Under National e-Vidhan Application (NeVA)

The Chhattisgarh Legislative Assembly will transform into a 'zero-paper ’ institution under the National e-Vidhan…

4 hours ago

NPCI Launches Technology Subsidiary for AI and Blockchain & Appoints Vishal Kanvaty as CEO

The National Payments Corporation of India (NPCI) has set up a wholly-owned subsidiary called NPCI…

6 hours ago