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Eggoz Upraised Series B Funding to 66 crores

Consumer brand, Eggoz raised Series B funding of $8.8 million (60 crores) led by IvyCap Ventures with participation from investors NABVENTURES, Avaana Capital, and Rebright Partners.

Stuti Das
Eggoz has raised $8.8 Million (Rs 66 Cr) in a series B funding round, founders Abhishek Negi, Uttam Kumar, Aditya Singh of Eggoz
Eggoz has raised $8.8 Million (Rs 66 Cr) in a series B funding round, founders Abhishek Negi, Uttam Kumar, Aditya Singh of Eggoz

Eggoz, a Gurugram-based Agri-tech startup, and a newly launched consumer brand have raised $8.8 million in the funding of Series B. The funding will be aimed at market expansion by investment in the supply chain and inviting top-skilled members into the Eggoz community.

Founded by Abhishek Negi, Uttam Kumar, Aditya Singh, and Pankaj Pandey, Eggoz is operated by Eggroz Farmz Pvt Ltd, the company is currently functional in Delhi-NCR, Bangalore, Kolkata, Chandigarh, Jaipur, Lucknow, and other non-metro cities. The company’s motto read: “EGGOZ was built with a vision to preserve the nutritional value and freshness of eggs for the customers as well as significantly boost the profits of rural farmers.”

The participant investors were NABVENTURES, Avaana Capital, and Rebright Partners along with angel investors like Shiprocket cofounder Vishesh Khurana, Dineout founders Ankit Mehrotra, Sahil Jain, Nikhil Bakshi, and Vivek Kapoor, and Swiggy vice president for sales Khalid Qazi. 

Eggoz was started with the purpose of combining technology with quality, hygiene, and transport, ensuring an appropriate environment that would be instrumental in providing farm-fresh eggs which will be packed with protein, rich in Omega-3 and healthy amino acids, and would be completely chemical-free with keeping the farmers optimum earnings in mind.

The company was founded in 2017, by IIT Kharagpur alumni, Abhishek Negi, Uttam Kumar and Aditya Singh to help farmers optimize production as well as income. As a passion project to empower farmers along with the goal of producing high-quality eggs for Indian consumers, the startup has grown over the five years. 

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