Eggoz Raises $20M in Series C Led by Gaja Capital to Expand Branded Egg Portfolio

Eggoz has raised $20 million in a Series C round led by Gaja Capital, with support from IvyCap, Rebright, and others. Founded in 2017, Eggoz offers hygienic, traceable eggs and high-protein snacks. The funds will fuel expansion, tech upgrades, and growth in India’s egg market.

StartupTalky News

30 Jun 2025 — 3 min read

Eggoz Raises $20M in Series C Led by Gaja Capital

Eggoz, India’s leading agri-consumer brand transforming the egg industry, has announced the successful raise of $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 is on a mission to revolutionise the way Indians consume eggs. Leveraging a tech-enabled, asset-light model that directly integrates with farmers, Eggoz ensures every egg is safe, traceable, and nutritionally superior. They deliver this promise through 11+ safety and hygiene checks and 100% herbal hen feed, setting new benchmarks in quality and food safety. Eggoz has established itself as the #1 branded egg player across India’s leading quick commerce and e-commerce platforms, reflecting deep consumer trust and consistent demand for clean, high-quality eggs delivered conveniently.

Eggoz offers a wide range of branded eggs and has pioneered India’s first line 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. Currently available in over 11 major cities, including Delhi NCR, Bengaluru, Mumbai, Hyderabad, Chennai, and Pune, Eggoz has become synonymous with trust and innovation in the $12 billion (One lakh crore) Indian egg market.

The company reported a 76% year-on-year revenue growth, with net cash revenue reaching ₹130 crore in FY25, up from ₹74 crore in FY24. In Q4 FY25, Eggoz achieved a peak brand ARR of ₹200 crore and EBITDA breakeven; driven by strong consumer demand and deepened distribution.

Abhishek Negi, Co-Founder & CEO of Eggoz, said, “We’re excited to welcome Gaja Capital to the Eggoz family as we enter our next growth phase. 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. Our mission is to ensure consumers never compromise on safety or nutrition. We aim to make clean, protein-rich eggs accessible to all while empowering farmers with better practices and prices.”

“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.” — Vikram Gupta, Founder and Managing Partner, IvyCap Ventures.