Latest news with #AdityaSingh
Time of India
2 days ago
- Business
- Time of India
Eggoz raises $20 million funding led by Gaja Capital
Egg brand Eggoz has raised $20 million (about Rs 167 crore) in fresh capital, with mid-market private-equity firm Gaja Capital anchoring the round. Key existing backers IvyCap Ventures, Rebright Partners, Avaana Capital, Merisis Opportunities Fund, Nabventures, Blue Dot Capital and Artek Chemicals, have also participated in the round, people familiar with the deal told company will be using the funds to penetrate deeper into the current markets in which it is already present, which includes major cities in North India, Bangalore, Hyderabad and Chennai in South India and Mumbai and Pune in the it will expand its business to East India in the coming months. 'The fund utilisation will be primarily to invest in growth which is to expand market footprint,' a source quoted above latest round brings the total fund raised by the Gurugram-based company to over $29 million. In 2022, Eggoz had raised $8.8 million in Series B funding, which was a mix of primary investment and secondary share sale, led by Mumbai-based IvyCap the financial year 2024-25, Eggoz reported a net revenue of Rs 130 crore which grew 76% year-on-year from Rs 74 crore reported in FY24. In the March quarter of FY25, the company achieved an Ebitda breakeven. This net revenue refers to the total revenue generated for the year after considering distribution margin, discounts given to customers, commissions to quick commerce platforms, was founded in 2017 by IIT Kharagpur alumni Abhishek Negi, Aditya Singh, and Uttam Kumar, the company has a presence in 11 cities. The brand sells premium eggs online , especially quick commerce, and offline through organised trade channels. In the last two years, the company has been growing fast on quick commerce platforms, according to the source quoted earlier."Eggoz has built mutual quality check guidelines with the quick commerce platforms to ensure the hygiene is maintained and the quality of the eggs are not compromised," the person cited above added, when asked about the ongoing hygiene issues in quick commerce dark stores in various this segment, other key players include Temasek-backed Licious, Coimbatore-based Suguna Chicken and Temasek and Venturi Partners-backed Country Delight's private label eggs. Bengaluru-based Licious, which also sells meat and seafood, is seeking to become profitable as it prepares to list in 2026. The firm is targeting a valuation of more than $2 billion in the listing.
Economic Times
2 days ago
- Business
- Economic Times
Eggoz raises $20 million funding led by Gaja Capital
iStock Egg brand Eggoz has raised $20 million (about Rs 167 crore) in fresh capital, with mid-market private-equity firm Gaja Capital anchoring the round. Key existing backers IvyCap Ventures, Rebright Partners, Avaana Capital, Merisis Opportunities Fund, Nabventures, Blue Dot Capital and Artek Chemicals, have also participated in the round, people familiar with the deal told company will be using the funds to penetrate deeper into the current markets in which it is already present, which includes major cities in North India, Bangalore, Hyderabad and Chennai in South India and Mumbai and Pune in the West. Further, it will expand its business to East India in the coming months. 'The fund utilisation will be primarily to invest in growth which is to expand market footprint,' a source quoted above said. The latest round brings the total fund raised by the Gurugram-based company to over $29 million. In 2022, Eggoz had raised $8.8 million in Series B funding, which was a mix of primary investment and secondary share sale, led by Mumbai-based IvyCap the financial year 2024-25, Eggoz reported a net revenue of Rs 130 crore which grew 76% year-on-year from Rs 74 crore reported in FY24. In the March quarter of FY25, the company achieved an Ebitda breakeven. This net revenue refers to the total revenue generated for the year after considering distribution margin, discounts given to customers, commissions to quick commerce platforms, etc. Eggoz was founded in 2017 by IIT Kharagpur alumni Abhishek Negi, Aditya Singh, and Uttam Kumar, the company has a presence in 11 cities. The brand sells premium eggs online, especially quick commerce, and offline through organised trade channels. In the last two years, the company has been growing fast on quick commerce platforms, according to the source quoted earlier. "Eggoz has built mutual quality check guidelines with the quick commerce platforms to ensure the hygiene is maintained and the quality of the eggs are not compromised," the person cited above added, when asked about the ongoing hygiene issues in quick commerce dark stores in various this segment, other key players include Temasek-backed Licious, Coimbatore-based Suguna Chicken and Temasek and Venturi Partners-backed Country Delight's private label eggs. Bengaluru-based Licious, which also sells meat and seafood, is seeking to become profitable as it prepares to list in 2026. The firm is targeting a valuation of more than $2 billion in the listing. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Someone has to cut the cheque for Zepto to grow. Who's that? Drones have become a winning strategy in war; can they be in investing? Punit Goenka reloads Zee with Bullet and OTT focus. Can he beat mighty rivals? Profits plenty, prices attractive, still PSU stocks languish. Why? Stock Radar: Indus Tower stock breaks out from Symmetrical Triangle pattern; could hit fresh 52-week high – check target & stop loss Mid-cap pharma space: Risk & opportunity are two sides of the same coin. 7 pharma stocks with upside potential of up to 41% History on their side: As bulls return, 50 non-Nifty stocks with a higher probability of trading income & creating wealth Beyond the one-number mirage: 7 stocks from different sectors with an upside potential of up to 24%
CTV News
15-05-2025
- CTV News
2 children suffer ‘extensive injuries' after fail-to-remain crash in Oshawa, police say
Durham Regional Police say the two-vehicle crash happened at Taunton and Stevenson roads on Wednesday night. A driver is facing charges after allegedly fleeing the scene of a crash in Oshawa that left two children with serious injuries, Durham Regional Police say. The two-vehicle crash occurred near Taunton Road and Stevenson Road North at around 9:10 p.m. on Wednesday. Police say a Ford Mustang and Hyundai Elantra were involved in a T-bone collision in the area and the driver of the Mustang subsequently fled the scene on foot. 'Police responding to the call for service quickly located that driver,' police said in a news release. Four occupants from the Hyundai were injured in the crash, including two children, ages 10 and 5, who police said sustained 'extensive injuries.' The two children were transported to a Toronto-area hospital in serious condition. A 41-year-old male driver of the Hyundai was extricated and taken to a local hospital with minor injuries. A 33-year-old female passenger was trapped inside the vehicle and after a 'lengthy extrication,' was taken to a local hospital with serious injuries, according to police. The driver of the Mustang, identified by police as 29-year-old Aditya Singh, of Oshawa, is now facing a number of charges, including failing to remain at the scene of a collision causing bodily harm, dangerous operation of a vehicle, and impaired driving causing bodily harm. He was held for a bail hearing, police said. Police are asking anyone with information about the collision to contact Det.-Const. Brett Rayne of the Collision Investigation Unit at 905-579-1520, ext. 5256.
Khaleej Times
29-04-2025
- Business
- Khaleej Times
Beat the gold price hike: Tanishq's Akshaya Tritiya offers provide smart buying options
As the golden festival of Akshaya Tritiya returns, Tanishq, India's most loved jewellery brand from the Titan Company, has announced its 'May Your New Beginnings Shine' campaign, inviting customers to celebrate the occasion with jewellery that embodies blessings, beauty, and heritage. Tanishq is offering patrons a host of celebratory offers across a wide range of gold and diamond jewellery. Customers can benefit from Dh5 off per gram on 22KT gold, enjoy up to 25 per cent off on gold making charges and diamond bill value, block today's gold rate by paying just 10 per cent, and exchange old gold jewellery for 100 per cent of its value, making it the perfect time to bring home something precious. These limited-time offers are valid until May 5, 2025, across Tanishq stores in the region. Tanishq is bringing forth a curated experience where timeless designs meet meaningful moments, offering customers a diverse collection that caters to every generation and style preference. It's Akshaya Tritiya curation offers something for everyone, from timeless gold bangles and elegant Mangal sutras to contemporary rings and everyday pendants. Speaking about the occasion, Aditya Singh, head of international jewellery business, Titan Company, said: "Akshaya Tritiya is more than just a time to buy gold; it's a celebration of new beginnings, traditions, and timeless value. We honour these sentiments by offering our customers exceptional quality, transparent pricing, and meaningful designs, ensuring every purchase reflects not just prosperity, but personal significance and enduring beauty." "At Tanishq, we understand the deep emotional connection our customers have with gold. Our collections are thoughtfully curated to resonate with every generation, taste, and style. We are glad to honour these sentiments, offering pieces that are both timeless and reflective of contemporary tastes. The wide range ensures that every customer, whether seeking tradition, self-expression, or meaningful gifting, finds a piece that feels just right," he added. Tanishq's Akshaya Tritiya collection is a celebration of India's rich craftsmanship. Featuring intricate designs inspired by traditional motifs, each piece showcases the meticulous artistry of skilled karigars. The collection includes elaborate necklaces, earrings, and bangles that reflect the grandeur of India's royal heritage, making them perfect heirlooms for generations to come. This Akshaya Tritiya, let your gold reflect not just wealth, but warmth. Whether you mark the day with a gift for a loved one or choose something to honour your own journey, Tanishq welcomes you to celebrate with jewellery that goes beyond the occasion, into memory, meaning, and legacy.
