To reach more geographies and have a larger impact
Eggoz, an indigenous brand that focuses on bringing high-quality, chemical and antibiotic-free, farm-fresh eggs from local farmers straight to consumer tables, has raised $8.8 million in a series B funding round led by Mumbai-based IvyCap Ventures.
The round also saw participation from the existing investors NABVENTURES, Avaana Capital, and Rebright Partners and other angel investors: Vishesh Khurana – Co-Founder Shiprocket, Ankit Mehrotra, Sahil Jain, Nikhil Bakshi, Vivek Kapoor – Founders dineout, Khalid Qazi – VP Swiggy, and others. Sprout Capital worked as an investment banker for the transaction.
Eggoz has built an asset-light farmer integration model that delivers better nutrition & standardised quality of eggs to masses at scale. Today, as a branded eggs company, Eggoz brings 1-day fresh eggs to consumers via omnichannel, sourced directly from farmers who work under a fully integrated model.
The Gurugram-based startup will be using the fresh capital to expand its business footprint while bringing on additional talent and growing its community. Currently, Eggoz products are available in Delhi-NCR, Bengaluru, Kolkata, Chandigarh, Jaipur, Lucknow, and other non-metro cities