[Update] Eggoz Bags $20 Mn From Gaja Capital, Others

Update | June 30, 12:05 PM 

Egg-focused consumer startup Eggoz has raised $20 Mn (around INR 171 Cr) in a Series C funding round led by Gaja Capital.

The round also saw participation from existing investors, including IvyCap Ventures, Rebright Partners, Avaana Capital, NABVENTURES, Merisis Opportunities Fund, Arvind Thakur, S. Ramadorai, Artek Chemicals, Blue Dot Capital and other marquee angel investors.

The latest fundraise comprises the entire primary round, the first close and secondary transactions. Last week, Inc42 reported that Eggoz is raising INR 125 Cr (around $14.6 Mn) in a round led by Gaja Capital, with participation from existing investors IvyCap Ventures and Rebright Partners. 

Cofounder Abhisek told Inc42 that the INR 125 Cr was the latest tranche of the Series C funding round.

Last year, the startup raised around $5.4 Mn from investors like Avaana Capital, NABVENTURES, Merisis Opportunities Fund, Arvind Thakur, S. Ramadorai, Artek Chemicals, Blue Dot Capital, and other marquee angel investors as part of the first close of the primary round and a secondary funding.

Eggoz said it has achieved EBITDA breakeven in Q4 FY25, driven by strong consumer demand and a deeper distribution network. The company reported a 76% growth in operating revenue to INR 130 Cr in FY25 from INR 74 Cr in FY24. 

Inc42 also learnt that the company is looking to close FY25 at a net loss of INR 18–19 Cr, down from a net loss of INR 25 Cr in FY24.

The founder also said that the startup has raised roughly $30-33 Mn to date. 

Original | June 28, 1:53 PM

Egg-focused consumer startup Eggoz is set to raise INR 125 Cr (around $14.6 Mn) in a round led by Gaja Capital, with participation from existing investors IvyCap Ventures and Rebright Partners.

Of the total INR 125 Cr, Gaja Capital will invest INR 100 Cr, while IvyCap Ventures and Rebright Partners will pump INR 20.94 Cr and INR 4.05 Cr, respectively.

In a filing with the Ministry of Corporate Affairs (MCA), Eggoz said, “The consent of the shareholders, be and is hereby accorded to invite/offer, issue and raise up to INR 124,99,71,185/- in the form of mixed issuance of securities to the following investor.”

Besides funding round, Eggoz is also raising INR 1.3 Cr from angel investor Anurag Jhanwar through preferential shares allotment. 

Entrackr reported the development first

Founded in 2017 by Abhishek Negi, Uttam Kumar, and Aditya Singh, Eggoz sources eggs directly from farmers and supplies them to retailers. For this, it uses an integrated farming model that focuses on a vertically integrated farm-to-consumer approach.  It partners with farmers, providing them with support, training, and technology like IoT devices and a farmer app to improve hen health and egg production.

The Gurugram-based startup currently operates across Delhi NCR, Bengaluru, Hyderabad, Mumbai, Pune, Jaipur, Chandigarh, Lucknow and Indore. Eggoz eggs are available both online (via platforms such as Blinkit, Zepto, and Swiggy Instamart) and offline in physical stores.

In 2024, Eggoz ventured into the ready-to-cook category with products like egg based momos, burger patties, and nuggets. This move into frozen, protein-rich snacks is part of its broader strategy to diversify its portfolio and cater to the rising demand for convenient, nutritious meal options.

In 2022, Eggoz raised $8.8 Mn in its Series B round of investment. Eggoz’s competitors range from large, established poultry companies like Suguna Foods and Srinivasa Farms to newer brands such as Egg Bucket, HenFruit, and Eggee, all of which focus on delivering fresh, high-quality eggs to Indian consumers.

In terms of revenue growth, Eggoz claims to have witnessed a surge in operating revenue of 33.7% to INR 73.1 Cr in FY24 from INR 54.71 Cr in the previous fiscal year. It also aims to cross INR 100 Cr in revenue in FY25. 

The startup has also trimmed its net loss by 23.78% in FY24 to INR 25 Cr from INR 32.8 Cr in the previous fiscal year.

As per a report, the Indian poultry market size was INR 2,304 Bn in 2024 and is expected to reach INR 8,430 Bn by 2033 with a growth rate (CAGR) of 12.60% during 2025-2033. Egozz’s focus on farm-fresh eggs aligns with the growing demand in the expanding poultry market.