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Eggoz Raises $20 Million in Series C Led by Gaja Capital — Startup Eyes ₹200 Cr ARR With Protein-Rich Egg Revolution

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Homegrown egg brand Eggoz has raised $20 million in a fresh funding round, marking a big leap forward in its mission to bring cleaner, healthier eggs to Indian households. The Series C round was led by Gaja Capital, with continued backing from long-time supporters like IvyCap Ventures, Rebright Partners, Avaana Capital, NABVENTURES, Merisis Opportunities Fund, along with a mix of seasoned investors including Arvind Thakur, S. Ramadorai, Artek Chemicals, and Blue Dot Capital.

Founded in 2017 by Abhishek Negi, Aditya Singh, and Uttam Kumar—all alumni of IIT Kharagpur—Eggoz is looking to disrupt India’s messy and unorganised egg market. Its farm-to-retail supply chain, powered by tech and lean infrastructure, is built to deliver eggs that are not just fresh and hygienic, but also traceable and nutritionally better than your average tray at the local kirana.

In addition to regular eggs, the company has been expanding its range of egg-based, high-protein foods—think egg momos, burger patties, and more ready-to-cook options designed for busy urban lifestyles. These are now available in more than 11 cities, including Delhi NCR, Mumbai, Bengaluru, Hyderabad, Chennai, and Pune.

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Eggoz isn’t just growing—it’s accelerating. In FY25, the startup clocked Rs 130 crore in net cash revenue, up from Rs 74 crore in the previous financial year—representing a 76% jump year-on-year. The last quarter of FY25 saw the brand hit an annualised revenue run rate (ARR) of Rs 200 crore, and it also reached EBITDA breakeven, marking a significant financial milestone.

“We’re not in the business of selling just eggs—we’re reshaping how Indians think about this daily protein,” said Abhishek Negi, Co-Founder & CEO of Eggoz. “Over 95% of eggs sold in India are still unbranded, unhygienic, and often from unknown sources. Our goal is to flip that narrative—clean, protein-rich eggs should be the norm, not the exception. And we want farmers to benefit too, with better prices and more consistent demand.”

Gopal Jain, Managing Partner at Gaja Capital, echoed this sentiment: “India has long faced a protein deficit, and eggs are a vital, affordable source. Eggoz is tackling this head-on with a tech-driven model that’s both scalable and deeply impactful.”

With the fresh funding, Eggoz plans to scale up operations in existing cities, expand into new markets, and pour capital into tech and logistics. The brand is betting big on consumer demand for clean-label food—and it’s making sure the humble egg finally gets the premium shelf space it deserves.

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