Agri-consumer brand Eggoz has raised $20 million in Series C funding, with Gaja Capital leading the round.
The funding round also included support from Eggoz’s existing investors. These include IvyCap Ventures, Rebright Partners, Avaana Capital, NABVENTURES, Merisis Opportunities Fund, and well-known individuals like Arvind Thakur and S. Ramadorai. Other participants were Artek Chemicals, Blue Dot Capital, and a group of angel investors.
Besides selling eggs under its brand, the company also makes ready-to-cook snacks made from eggs. These include high-protein items like egg momos and burger patties.
Eggoz said the new funding will help the company grow in the cities where it already operates, expand to new areas, and improve its technology and supply chain systems.
Eggoz was started in 2017 by three IIT Kharagpur graduates—Abhishek Negi, Aditya Singh, and Uttam Kumar. Their goal is to improve the quality of eggs in India and solve problems related to food safety and cleanliness in the mostly unorganised egg market.
Eggoz uses a tech-driven, asset-light model, meaning it doesn’t own farms but works directly with farmers. The company focuses on tracking where the eggs come from and ensures safety through 11 quality checks. It also uses 100% herbal feed for the hens.
Eggoz is now available in more than 11 cities, including Delhi NCR, Mumbai, Bengaluru, and Hyderabad. The company sells its products through quick commerce apps and online grocery stores.
Eggoz said it earned INR 130 crore in net cash revenue in FY25, a big jump from INR 74 crore the year before—showing 76% growth in one year. In the last quarter of FY25, the company reached an annual revenue run rate of INR 200 crore and also broke even on EBITDA, meaning it covered its operating costs.
Eggoz says India’s egg market is worth about $12 billion, but most eggs are still sold loose and without a brand. The company aims to change this by building a strong consumer brand while also helping farmers earn better profits and follow improved farming practices.
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 of 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.
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