Latest news with #GajaCapital
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Business Standard
5 hours ago
- Business
- Business Standard
Eggoz raises $20 mn in series-C funding to scale India's branded egg biz
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.
Time of India
7 hours ago
- Business
- Time of India
Eggoz raises $20 million funding to expand branded egg business
Representative Image (AI-generated) BENGALURU: Branded egg producer Eggoz has raised $20 million in a Series C round led by Gaja Capital, with participation from existing investors including IvyCap Ventures, Rebright Partners, Avaana Capital, Nabventures, Merisis Opportunities Fund, Arvind Thakur, S Ramadorai, Artek Chemicals and Blue Dot Capital. The company, founded in 2017 by IIT Kharagpur alumni Abhishek Negi, Aditya Singh and Uttam Kumar, said the funding will be used to strengthen its market presence, expand to new cities, and invest in supply chain and technology infrastructure. Eggoz operates a tech-enabled, asset-light model integrating directly with farmers to ensure traceability and food safety across its supply chain. The company reported a 76% year-on-year growth in revenue, with net cash revenue reaching Rs 130 crore in FY25, up from Rs 74 crore in FY24. It achieved peak brand annual recurring revenue of Rs 200 crore and broke even on Ebitda in Q4 FY25. The Gurugram-based company's branded eggs are currently available in 11 major Indian cities, including Delhi NCR, Bengaluru, Mumbai, Hyderabad and Chennai, and are sold via e-commerce and quick commerce platforms. According to the company, more than 95% of eggs sold in India remain unbranded and lack basic hygiene checks. Eggoz aims to address this gap by offering eggs that undergo over 11 safety checks and are produced using herbal hen feed. It has also introduced a line of egg-based snacks, including momos and burger patties, catering to urban demand for high-protein, ready-to-cook food. 'Over 140 billion eggs are produced annually in India, yet quality remains inconsistent,' said Abhishek Negi, co-founder and CEO. 'We're building a trusted, scalable brand in a largely unorganised market while improving farmer incomes and consumer access to clean protein.' Gopal Jain, managing director at Gaja Capital, said Eggoz is 'well-positioned to lead the next wave of growth in India's food and nutrition sector' through its vertically integrated model and category-first branding. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
8 hours ago
- Business
- Business Standard
Eggoz raises $20 million in Series C to scale branded eggs in Indian market
Indian egg supply chain startup Eggoz has raised $20 million in Series C funding, as it 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. Focus on traceable, tech-enabled food products The company claims to have achieved 76 per cent year-on-year revenue growth, reaching Rs 130 crore in FY25, up from Rs 74 crore in FY24. In Q4 FY25, Eggoz said it achieved EBITDA breakeven and a peak brand annual recurring revenue of Rs 200 crore. The Indian egg market 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 a challenge for startups like Eggoz. Expanding product range and market reach Eggoz emphasises safety and traceability, subjecting its products to what it describes as 11 hygiene checks and using herbal feed. The company is positioned as a supplier on India's quick commerce and e-commerce platforms, though it faces competition from traditional distributors and other branded players entering the segment. '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 also expanded into value-added products, including egg momos and burger patties, targeting urban consumers seeking convenient protein options. Currently available in more than 11 major cities—including Delhi NCR, Bengaluru, Mumbai, Hyderabad, Chennai and Pune—Eggoz is competing for a share of what industry reports estimate to be a $12 billion Indian egg market. Investor confidence in scalable protein solutions '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 holds promise, companies must navigate complex supply chain logistics, maintain consistent quality, 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.
Entrepreneur
8 hours ago
- Business
- Entrepreneur
Eggoz Raises USD 20 Mn Led by Gaja Capital to Fuel Market Expansion
Existing investors including IvyCap Ventures, Rebright Partners, Avaana Capital, Merisis Opportunities Fund, Nabventures, Blue Dot Capital, and Artek Chemicals also participated in the round. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Egg brand Eggoz has secured USD 20 million (approximately INR 167 crore) in a Series C funding round led by mid-market private equity firm Gaja Capital. The round also saw continued support from existing investors including IvyCap Ventures, Rebright Partners, Avaana Capital, Merisis Opportunities Fund, NABVENTURES, Artek Chemicals, Blue Dot Capital, and notable angels such as Arvind Thakur and S. Ramadorai. The fresh capital will be deployed to deepen Eggoz's footprint in its existing markets—Delhi NCR, Bengaluru, Hyderabad, Chennai, Mumbai, and Pune—while also expanding into East India. A portion of the funds will also go toward enhancing technology and supply chain infrastructure, ensuring hygienic and traceable egg distribution at scale. Abhishek Negi, Co-founder and CEO of Eggoz, said, "We're excited to welcome Gaja Capital to the Eggoz family as we enter our next growth phase. At Eggoz, we're not just building a brand—we're redefining a category that reaches most Indian households. This capital will help us strengthen our presence, expand to new cities, and invest in technology and supply chain infrastructure." Founded in 2017 by IIT Kharagpur alumni Abhishek Negi, Aditya Singh, and Uttam Kumar, Eggoz has built a strong consumer brand by focusing on clean, protein-rich, and hygienically produced eggs. The company offers its products online, especially through quick commerce platforms, and offline via organised retail chains. It currently operates in 11 major Indian cities and has rapidly scaled due to rising demand for safe, traceable protein sources. Eggoz reported a 76% year-on-year revenue growth, hitting INR 130 crore in FY25, up from INR 74 crore the previous year. The company also achieved a peak annual recurring revenue (ARR) of INR 200 crore and EBITDA breakeven in Q4 FY25. "Eggoz is solving a critical gap in India's protein ecosystem with a scalable, tech-first approach," said Gopal Jain, Managing Director at Gaja Capital. "Their vertically integrated model and brand strength uniquely position them for long-term leadership in food and nutrition." Vikram Gupta, Founder of IvyCap Ventures, added, "With over 140 billion eggs produced in India annually, quality and traceability are critical. Eggoz is turning a fragmented category into a trusted consumer brand." This latest funding round brings Eggoz's total capital raised to over USD 29 million. In 2022, it secured USD 8.8 million in Series B funding, led by IvyCap Ventures.
Economic Times
9 hours ago
- Business
- Economic Times
Gaja Alternative Asset Management files confidential draft IPO papers
Gaja Alternative Asset Management Ltd, which operates under the brand Gaja Capital, has filed confidential draft papers with markets regulator Sebi for an initial public offering (IPO). ADVERTISEMENT In a public announcement on Monday, the company stated that it has submitted the pre-filed draft red herring prospectus (DRHP) with Sebi and the stock exchanges for the proposed listing of its equity shares on the main board. However, it clarified that the filing of the pre-filed DRHP does not necessarily indicate that the company will go public. According to people familiar with the development, the proceeds from the IPO will provide capital for the fund managers to seed new funds and expand distribution capabilities both in India and abroad. The capital will also be used to diversify into new fund management strategies. In addition to funding growth plans, the IPO is expected to offer listing benefits and enhance the visibility of the Gaja Capital brand in the market. Founded in 2004, Gaja Capital is one of India's leading private equity and alternative asset management firms, focused on providing growth capital to entrepreneurs. The firm has invested across key sectors such as education, consumer, and financial services. ADVERTISEMENT In January 2025, the company transitioned from a private limited company to a public limited company and was renamed Gaja Alternative Asset Management Ltd. Earlier this month, Gaja Capital successfully raised Rs 125 crore in a pre-IPO funding round, valuing the firm at Rs 1,625 crore. ADVERTISEMENT This IPO would mark the first public listing of a standalone, Indian-origin private equity firm managing alternative assets. Globally, major private equity firms such as Blackstone, KKR, Apollo Global Management, Carlyle Group, and TPG have gone public and diversified into other asset classes beyond private equity. In India, asset management companies like HDFC, Nippon, UTI, and Aditya Birla, which also manage alternative funds as part of their broader portfolios, are already listed on the stock exchanges. ADVERTISEMENT The market for alternative investments in India is expanding rapidly. As of March 31, 2025, assets under management (AUM) in this segment stood at Rs 13.5 lakh crore. Further, this figure will grow at a compound annual rate of 31-33 per cent to reach Rs 53-56 lakh crore by March 2030, according to industry reports. Gaja has built a strong investment portfolio over the years, with investments in companies such as Teamlease, Lighthouse Learning, RBL Bank, John Distilleries, Xpressbees, Ei, Leadsquared, and Signzy. ADVERTISEMENT Gaja Alternative Asset Management has opted for the confidential pre-filing route, which allows it to withhold public disclosure of IPO details under the draft red herring prospectus (DRHP) until later stages. This route is gaining traction among Indian firms aiming for flexibility in their IPO plans. In recent months, commerce enablement platform Shiprocket, Tata Capital, edtech unicorn PhysicsWallah and Imagine Marketing, the parent company of wearables brand boAt, also chose confidential filings. In 2024, food delivery giant Swiggy and retail chain Vishal Mega Mart floated their IPOs following similar filings. Market experts note that the confidential pre-filing route offers companies greater flexibility and reduces the pressure to go public quickly. Unlike the traditional route, which requires companies to launch their IPOs within 12 months of receiving Sebi's approval, the pre-filing route extends this window to 18 months from the receipt of final comments. Additionally, firms can modify the primary issue size by up to 50 per cent until the updated DRHP stage. PTI
