American dairy company Dairy.com recently announced that it will expand its development and delivery platform and triple the size of its staff with its new acquisition of Mr.Milkman, according to a press release.
Dairy.com has acquired a 100% stake in Mr.Milkman, India's leading last-mile dairy supply chain SaaS platform, to boost its supply chain offerings worldwide.
Valued at Rs.11,357 billion, dairy is currently one of the most booming markets in the Indian agriculture industry, with huge potential for growth.
"Indian dairy sector and milk brands in India will need to employ technology at every level, right from procurement of milk to last delivery mile 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," Samarth Setia, Mr.Milkman chief executive officer and co-founder said, according to the press release. "Our entire company is proud to be joining the talented Dairy.com team to accelerate the development of our last-mile delivery solution to meet the rising customer needs. We also look forward to providing some of the most advanced solutions Dairy.com has to offer to the milk brands in India."
The two companies will work to innovate the development of all dairy operations across India, North America and Europe as part of its end-to-end supply chain strategy.
After garnering a catalog of over 60 brands, the dairy brand is seeking strategies to manage multiple aspects of dairy distribution, supply chain, customer subscriptions and delivery requests more efficiently.