Eggoz, an agri consumer startup focused on branded eggs and egg based products, has raised US$ 20 million in a Series C funding round led by private equity firm Gaja Capital. This latest infusion of capital will be directed toward consolidating Eggoz’s market presence, expanding operations into new cities, and strengthening its supply chain and technology infrastructure.
The round also drew participation from existing backers, including IvyCap Ventures, Rebright Partners, Avaana Capital, NABVENTURES, Merisis Opportunities Fund, and angel investors such as Arvind Thakur, S. Ramadorai, Artek Chemicals, and Blue Dot Capital.
Founded in 2017 in Bihar by Abhishek Negi, Aditya Singh, and Uttam Kumar, alumni of IIT Kharagpur, Eggoz operates through a farmer integrated, asset light business model. The startup claims that its supply chain ensures eggs reach retail outlets within 24 hours of collection. Its approach is built around a tech enabled ecosystem that directly engages with farmers, allowing for end to end traceability, consistent quality, and speed in distribution.
Eggoz emphasizes food safety by subjecting each egg to over 11 safety and hygiene checks. The company exclusively uses 100% herbal feed for hens, promoting a nutrition focused approach while addressing consumer concerns around food quality and origin.
Geographical Expansion and Product Diversification
Eggoz has expanded its distribution footprint to over 11 cities across India, including Delhi-NCR, Bengaluru, Mumbai, Hyderabad, Chennai, Pune, Kolkata, Jaipur, and Lucknow. The company also operates in various non metro regions, aligning with its vision of broader market penetration.
To diversify its offerings and respond to evolving urban consumer demands, Eggoz has entered the value added segment with a portfolio that includes egg based ready to cook products such as momos, burger patties, nuggets and other convenience foods. These new lines are aimed at urban households seeking protein rich, quick meal solutions, helping the brand deepen engagement beyond standard egg sales.
Performance Metrics and Financial Growth
Eggoz reported a 76% year on year growth in revenue, with net cash revenue reaching INR 130 crore in FY25, compared to INR 74 crore in FY24. In the fourth quarter of FY25, the company achieved EBITDA breakeven, reflecting improvements in cost efficiency and margin control. The brand also reported a peak annual recurring revenue (ARR) of INR 200 crore during the same period.
This financial performance is attributed to a combination of increased consumer demand and expanded distribution. The company has seen traction through both physical retail and online platforms, including quick commerce and e-commerce channels.
Addressing Challenges in a Fragmented Market
The Indian egg market, valued at US$ 12 billion, remains largely unorganised, with over 90% of egg sales occurring through loose, unbranded channels. Eggoz positions itself as a reliable alternative by offering traceable, packaged eggs that adhere to established hygiene standards. The company’s value proposition is built on transparency, nutritional integrity and convenience.
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Co-founder and CEO Abhishek Negi stated that the new funding will be pivotal in driving the company’s next phase of growth. He noted that over 95% of eggs in India are sold without standard quality checks, often compromising consumer safety. Eggoz aims to fill this gap by delivering clean, protein rich products while empowering farmers with improved practices and better price realisation.
Investor Perspectives on Eggoz’s Market Role
Gopal Jain, CEO and Managing Director at Gaja Capital, remarked that Eggoz addresses a key structural gap in India’s protein ecosystem through a scalable and technology driven approach. He highlighted the brand’s vertically integrated model and consumer trust as factors that position Eggoz for future growth. Jain also acknowledged the Eggoz founding team’s first-principles approach as a key asset in navigating the market.
Vikram Gupta, Founder and Managing Partner at IvyCap Ventures, stated that with India producing over 140 billion eggs annually, the need for quality and traceability in this essential food category is more critical than ever. He emphasized that IvyCap supports founders solving real world, high scale challenges, and sees Eggoz as a brand effectively bridging a fragmented market into a structured, reliable supply chain.
Future Outlook
As Eggoz prepares to scale operations, the company is positioned to address rising demand for safe, traceable protein sources among Indian consumers. With strengthened backing from investors and a clear focus on technological integration and product diversification, the company is set to pursue deeper market penetration. However, industry analysts note that to maintain its trajectory, Eggoz will need to continue addressing complex supply chain logistics and competition from traditional distributors and emerging branded players.
