Total amount raised
$17.2 Million
Latest funding date
10/1/2024
Location
Eggoz has successfully navigated through 9 funding rounds, with the latest being a Series C round led by Gaja Capital. The company is backed by 34 investors, including Avaana Capital and Merisis Advisors.
Eggoz offers a range of egg products, including White Eggs, Brown Eggs, and Free-Range Eggs, through a tech-driven, farmer-first supply chain model. Keep reading to explore the intricacies of Eggoz's fundraising journey and the investors backing this innovative platform.
What Is Eggoz?
Eggoz, based in Gurgaon, Haryana, India, operates in the AgTech, Food and Beverage, Nutrition, and Organic Food industries. The company specializes in offering fresh, antibiotic-free eggs through a tech-driven, farmer-first supply chain model.
Founded under Nupa Technologies Private Limited, Eggoz employs between 101-250 people. The company is known for its range of egg products, including white, brown, and free-range eggs, emphasizing freshness and quality.
How Much Funding Has Eggoz Raised?
- Series C
- Amount Raised: USD 20,000,000
- Date: June 2025
- Lead Investors: Gaja Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand business operations and enhance the supply chain.
- Series B
- Amount Raised: USD 2,618,924
- Date: October 2024
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support market expansion and operational scaling.
- Series B
- Amount Raised: USD 8,800,000
- Date: December 2022
- Lead Investors: IvyCap Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand business footprint and grow the community.
- Series A
- Amount Raised: USD 3,500,000
- Date: December 2021
- Lead Investors: Nabventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and operational scaling.
- Debt Financing
- Date: July 2021
- Lead Investors: Caspian Debt
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure working capital for operational needs.
- Seed
- Amount Raised: INR 110,000,000
- Date: November 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and market entry.
- Seed
- Amount Raised: INR 25,000,000
- Date: May 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and market penetration.
- Seed
- Amount Raised: INR 22,000,000
- Date: November 2019
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and establish market presence.
- Angel
- Amount Raised: INR 12,000,000
- Date: June 2018
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund the company's launch and early operations.
Total Amount Raised: USD 34,918,924
Current Valuation: Not publicly disclosed
Key Investors
- Gaja Capital
- Details: Gaja Capital is a private equity firm based in India. They focus on investing in high-growth companies across various sectors.
- Investment Focus Areas: Consumer, Education, Financial Services, Healthcare, Technology
- Notable Investments: Not publicly disclosed
- IvyCap Ventures
- Details: IvyCap Ventures is a Mumbai-based venture capital firm. They led the $8.8 million Series B funding round for Eggoz.
- Investment Focus Areas: Beauty products, Jewelry e-commerce, Online clothing
- Notable Investments: Purplle, Bluestone, Bewakoof
- Nabventures
- Details: Nabventures is a venture capital fund anchored by the National Bank for Agriculture and Rural Development (NABARD). They participated as an existing investor in Eggoz's Series B funding round.
- Investment Focus Areas: Agritech, Food, Rural Development
- Notable Investments: Eggoz
- Avaana Capital
- Details: Avaana Capital is an investment firm that focuses on scaling up sustainable businesses. They have been involved in multiple funding rounds for Eggoz.
- Investment Focus Areas: Sustainability, Technology, Consumer
- Notable Investments: Not publicly disclosed
- Caspian Debt
- Details: Caspian Debt provides debt funding to high-growth companies. They were involved in Eggoz's debt financing round.
- Investment Focus Areas: Financial Services, Agritech, Healthcare
- Notable Investments: Not publicly disclosed
What's Next for Eggoz?
Eggoz is poised for significant growth, leveraging its asset-light farmer integration model to deliver high-quality, fresh eggs. The company plans to expand its business footprint, hire additional talent, and grow its community, capitalizing on the increasing consumer demand for fresh and nutritious food products.
With the market potential described as tremendous, Eggoz's rapid growth and market presence suggest future fundraising opportunities are likely. The company may attract further investment to support its expansion and scaling efforts, potentially leading to strategic acquisitions to enhance its supply chain or product offerings.
However, challenges such as managing increased operational costs, maintaining quality and freshness during expansion, and competition from other brands could pose hurdles. Balancing rapid growth with sustainable financial performance will be crucial for Eggoz's continued success.
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