Eggoz Secures $20 Million Series C Funding Led by Gaja Capital to Scale Clean Egg Consumption in India
Eggoz, the Agri-consumer brand, has announced the successful completion of a $20 million Series C funding round, headed by Gaja Capital. The round saw strong participation from its current sponsors, such as IvyCap Ventures, Rebright Partners, Avaana Capital, NABVENTURES, Merisis Opportunities Fund, Arvind Thakur, S. Ramadorai, Artek Chemicals, Blue Dot Capital, and a few other prominent angel investors.
Started in 2017 by IIT Kharagpur alumni Abhishek Negi, Aditya Singh, and Uttam Kumar, Eggoz aims to revolutionize the way eggs are consumed by Indians by creating a trustworthy, hygienic, and nutri-centric supply chain. Eggoz has a tech-led, asset-light business model that is in direct contact with farmers and ensures each egg is traceable, safe, and of higher nutritional quality.
To cater to evolving consumer preferences, Eggoz has diversified its portfolio with a variety of egg-based snacks, such as egg momos and burger patties. These high-protein, ready-to-cook products aim to meet the growing appetite for convenient and healthy food choices, particularly among urban households. Today, Eggoz products are available in over 11 major Indian cities, including Delhi NCR, Bengaluru, Mumbai, Hyderabad, Chennai, and Pune.
Eggoz’s growth has been reflected in its strong financial performance. The company posted a 76% increase in revenue year-on-year, with net cash revenue climbing to Rs 130 crore in FY25, up from Rs 74 crore in FY24. In the fourth quarter of FY25, Eggoz reached a peak annual recurring revenue (ARR) of Rs 200 crore and achieved EBITDA breakeven, marking a significant milestone on its path to profitability.
“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.
Commenting on the investment, Gopal Jain, CEO and Managing Director at Gaja Capital, said, “Eggoz is solving a critical gap in India’s protein ecosystem with a scalable, tech-first approach. 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.”
Vikram Gupta, Founder and Managing Partner at IvyCap Ventures, added, “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.”
Eggoz will invest the new capital in enhancing its presence in current cities, opening up new urban markets, and upgrading its technology infrastructure and supply chains. By connecting farmers to its system, the business not only ensures better quality and safety for consumers but also enables farmers to adopt improved production practices, benefiting their incomes and lives.
With this newest funding round, Eggoz strengthens its mission to become India’s go-to egg brand, raising the bar for quality, traceability, and nutrition in a category that touches millions of families every day.
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