Eggoz raises $20M in Series C round to strengthen branded eggs business
The funding round was led by Gaja Capital. The capital will be used to deepen market presence in current cities, expand to new regions, and strengthen technology and supply chain operations.
Agri-consumer brand has raised $20 million 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 a group of angel investors.
In addition to selling branded eggs, the company also operates in the processed foods segment with protein-rich, ready-to-cook egg-based snacks, including egg momos and burger patties.
The funding will be used to deepen market presence in current cities, expand to new regions, and strengthen technology and supply chain operations, Eggoz said in a statement.
Founded in 2017 by IIT Kharagpur graduates Abhishek Negi, Aditya Singh, and Uttam Kumar, Eggoz aims to improve the quality of eggs and address food safety and hygiene issues in India’s largely unorganised egg industry. The company operates an asset-light, tech-enabled model that works directly with farmers and emphasises product traceability, using 11 safety checks and a 100% herbal feed approach.
Eggoz is currently present in over 11 cities, including Delhi NCR, Mumbai, Bengaluru, and Hyderabad. It has built distribution across quick commerce and online grocery platforms.
According to the company, Eggoz recorded Rs 130 crore in net cash revenue in FY25, up from Rs 74 crore the previous year, marking a 76% annual growth. It reports reaching an annualised revenue run rate of Rs 200 crore in Q4 FY25 and achieving EBITDA breakeven.
India's egg market, valued at around $12 billion, remains largely dominated by unbranded, loose sales, says the company. Eggoz’s approach focuses on building a consumer-facing brand that also offers better margins and practices to farmers, it adds.
Gopal Jain, CEO of Gaja Capital, said Eggoz is addressing “a critical gap" in India’s protein ecosystem with a scalable approach.
"With India producing over 140 billion eggs annually, the need for quality and traceability in this essential category is more important than ever. At IvyCap, we back founders solving large-scale, real-world challenges with innovation and purpose," said Vikram Gupta, Founder and Managing Partner, IvyCap Ventures.
"Eggoz exemplifies this by transforming a fragmented market into a trusted consumer brand. We’re excited to continue supporting their journey as they scale across India," he added.
The feature image was updated.
Edited by Swetha Kannan