Eggoz raises $20 mn in series-C funding to scale India's branded egg biz

Business Standard

30-06-2025

Indian egg supply chain startup Eggoz has secured $20 million in Series C funding, as the company looks to capitalise on growing consumer demand for branded, traceable food products in a traditionally unorganised market.
The round was led by private equity firm Gaja Capital, with participation from existing investors including IvyCap Ventures, Rebright Partners, Avaana Capital, Nabventures, and Merisis Opportunities Fund. Individual investors such as Arvind Thakur, S. Ramadorai, Artek Chemicals, and Blue Dot Capital also joined the round.
The company plans to use the funding to strengthen its presence in current markets, expand to new cities, and invest in technology and supply chain infrastructure.
Founded in 2017 by IIT Kharagpur graduates Abhishek Negi, Aditya Singh, and Uttam Kumar, Eggoz operates a tech-enabled, asset-light model that sources eggs directly from farmers.
The company claims to have achieved a 76 per cent year-on-year revenue growth, reaching Rs 130 crore in FY25, up from Rs 74 crore in FY24. In Q4FY25, Eggoz says it achieved earnings before interest, taxes, depreciation, and amortisation (Ebitda) breakeven and a peak brand annual recurring revenue of Rs 200 crore.
The egg market in India remains largely unorganised, with industry estimates suggesting over 90 per cent of the country's egg production is sold through traditional, unbranded channels. This presents both an opportunity and challenge for startups like Eggoz.
Eggoz emphasizes safety and traceability, subjecting its products to what it calls 11 hygiene checks and using herbal feed. The company has positioned itself as a supplier on India's quick commerce and ecommerce platforms, though it faces competition from both traditional distributors and other branded egg companies tapping the market.
'We are entering our next growth phase. At Eggoz, we're not just building a brand, we're redefining a category that reaches most Indian households,' said Abhishek Negi, co-founder and CEO. 'Over 95 per cent of eggs in India are sold loose, often lacking basic hygiene and quality.'
The company has expanded beyond basic eggs to offer value-added products including egg momos and burger patties, targeting urban consumers seeking convenient protein options.
Currently available in over 11 major cities, including Delhi NCR, Bengaluru, Mumbai, Hyderabad, Chennai, and Pune, Eggoz is competing for a share of what industry reports estimate as a $12 billion Indian egg market.
'Eggoz is solving a critical gap in India's protein ecosystem with a scalable, tech-first approach,' said Gopal Jain, CEO and managing director at Gaja Capital.
Industry analysts note that while the branded egg segment shows promise, companies must navigate complex supply chain logistics, maintain quality standards, and achieve scale to remain competitive against low-cost traditional suppliers.
'With India producing over 140 billion eggs annually, the need for quality and traceability in this essential category is more important than ever,' said Vikram Gupta, founder and managing partner at IvyCap Ventures.