Gurugram-based agritech startup Eggoz is gearing up to raise ₹125 crore (around $14.6 million) in its Series C funding round, led by Gaja Capital, with support from existing investors IvyCap Ventures and Rebright Partners. According to regulatory filings, Gaja Capital is set to invest ₹100 crore, while IvyCap will contribute ₹20.94 crore and Rebright will chip in ₹4.05 crore.
On top of that, Eggoz plans to secure an additional ₹1.3 crore through a preferential allotment from angel investor Anurag Jhanwar. Founded in 2017 by Abhishek Negi, Aditya Singh, and Uttam Kumar, Eggoz sources its eggs directly from farmers and distributes them across India through both online platforms and physical stores.
The startup operates in several cities, including Delhi NCR, Bengaluru, Hyderabad, Mumbai, Pune, Jaipur, Chandigarh, Lucknow, and Indore. What sets Eggoz apart is its asset-light, farmer-led supply chain model, which ensures that farm-fresh eggs reach consumers within just 24 hours.
In 2024, the company ventured into the ready-to-cook protein market, launching products like momos, burger patties, and nuggets to broaden its range. Eggoz reported a 33.7% year-on-year revenue growth, reaching ₹73.1 crore in FY24, while also reducing its net losses by nearly 24% to ₹25 crore.
With this funding round, Eggoz’s post-money valuation is anticipated to hit between ₹480 and ₹500 crore. Positioned within a ₹2.3 trillion poultry market that’s growing at a 12.6% CAGR, Eggoz is aiming for a ₹100 crore revenue target in FY25, leveraging both product diversification and expanded distribution.