Eggoz, a Gurugram-based consumer brand with a focus on eggs, has accomplished an impressive feat by surpassing INR 100 crore in net annual recurring revenue within a mere three years of its launch.
Presently, the brand maintains a foothold in Delhi-NCR and Bengaluru.
Abhishek Negi, CEO and Co-Founder of Eggoz, “Our success during our three-year journey can be attributed to our fervent dedication to making healthy eggs available in the market. We hope to further expand our consumer base by helping people opt for a healthy living, while also guiding the farmers to produce better & chemical-free eggs.”
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Eggoz operates within the $12 billion egg industry, where packaged egg sales represent less than 3% of the market. Collaborating with local farmers, Eggoz provides comprehensive tech-enabled assistance and herbal hen feed to enhance egg production. Each egg sold by Eggoz undergoes 11 safety checks, including UV sanitization. The company asserts that it has facilitated a 30% increase in farmers’ incomes.
Established by alumni of IIT Kharagpur, Eggoz is expanding within a $12 billion market at a rate of 15% CAGR, as stated by the company. According to its LinkedIn profile, Eggoz has secured $8.8 million in Series B funding. The company distributes its products through online marketplaces, quick commerce websites, and supermarket chains.
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