Agri-consumer brand Eggoz raises $20 million to strengthen its market presence

Agri-consumer brand Eggoz today said it 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 other marquee angel investors.

Founded in 2017 by IIT Kharagpur alumni Abhishek Negi, Aditya Singh, and Uttam Kumar, Eggoz aims to revolutionize the way Indians consume eggs. The startup said it leverages a tech-enabled, asset-light model that directly integrates with farmers, ensuring each egg is safe, traceable, and nutritionally superior. 

It offers a wide range of egg-based snacks, including egg momos and burger patties. These high-protein, ready-to-cook products cater to the growing demand for convenient and nutritious food options for urban consumers. Eggoz currently sells its products in over 11 major cities, including Delhi NCR, Bengaluru, Mumbai, Hyderabad, Chennai, and Pune.

The company reported a 76% year-on-year revenue growth, with net cash revenue reaching Rs 130 crore in FY25, up from Rs 74 crore in FY24. In Q4 FY25, Eggoz achieved a peak brand ARR of Rs 200 crore and EBITDA breakeven.

“At Eggoz, we’re not just building a brand—we’re redefining a category that reaches most Indian households. This capital will help us strengthen our presence in current markets, expand to new cities, and invest in technology and supply chain infrastructure. Over 95% of eggs in India are sold loose, often lacking basic hygiene and quality...We aim to make clean, protein-rich eggs accessible to all while empowering farmers with better practices and prices,” said Abhishek Negi, Co-Founder & CEO of Eggoz.

“Eggoz is solving a critical gap in India’s protein ecosystem with a scalable, tech-first approach,” said Gopal Jain, CEO and Managing Director at Gaja Capital.

“We believe their vertically integrated model and strong brand promise position them well to lead the next wave of growth in India’s food and nutrition sector. We’ve seen Abhishek and Aditya work closely for over two years, and we appreciate the first principles approach they’ve adopted to address this significant pain-point for Indian consumers.”

"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. 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," said Vikram Gupta, Founder and Managing Partner at IvyCap Ventures.