Gaja Capital is leading a $20 million Series C funding round for the agri-consumer brand Eggoz. IvyCap Ventures, Rebright Partners, Avaana Capital, NABVENTURES, Merisis Opportunities Fund, Arvind Thakur, S. Ramadorai, Artek Chemicals, Blue Dot Capital, and other prominent angel investors also participated in the round.
According to a press release from Eggoz, the money raised will be used to improve its market share in existing markets, open new locations, and make investments in supply chain infrastructure and technology.
Eggoz, which was co-founded in Bihar in 2017 by Abhishek Negi, Aditya Singh, and Uttam Kumar, uses a farmer-led, asset-light business model to guarantee that fresh eggs arrive at stores within a day. In addition to several non-metropolitan cities, the brand has expanded its reach throughout Delhi-NCR, Bengaluru, Kolkata, Jaipur, and Lucknow. In an effort to broaden its product line, Eggoz has also ventured into ready-to-cook products like momos, burger patties, nuggets, and more.
In order to guarantee that every egg is safe, traceable, and nutritionally superior, Eggoz claims to use an asset-light, tech-enabled model that directly integrates with farmers. In addition to 100% herbal hen feed, the brand offers more than eleven safety and hygiene checks.
Market research estimates that the Indian egg market is worth $12 billion (one lakh crore).
With net cash revenue rising from Rs 74 crore in FY24 to Rs 130 crore in FY25, the company reported a 76% year-over-year revenue growth. Strong customer demand and increased distribution, according to Eggoz, helped the company reach a peak brand ARR of Rs 200 crore and achieve EBITDA breakeven in Q4 FY25.
