Eggoz raises ₹125 crore in its latest funding, marking a significant milestone nearly 2.5 years after its Series B round. The capital will drive its mission to offer herbal‑fed, chemical‑free eggs via a tech‑enabled farm‑to‑table model.
First Funding Rounds and Growth
Previously, Eggoz secured $8.8 million (~₹66 crore) in Series B funding led by IvyCap Ventures in December 2022. The startup initially raised USD 1.5 million (~₹11 crore) in a pre‑Series A round from Avaana Capital and Rebright Partners back in November 2020
Revenue and Business Model So Far
Eggoz’s annual recurring revenue surpassed ₹100 crore within its first three years, supported by sales in Delhi‑NCR and Bengaluru. As of FY24, revenue was ₹74.9 crore—up 35% from FY23—with improved EBITDA and narrowing losses
The brand partners with farmers using proprietary herbal feed, IoT monitoring, and UV‑sanitisation, ensuring traceable, chemical‑free eggs across 11 cities
Details of the ₹125 Crore Round
While the identities of new investors weren’t fully disclosed, it’s expected they join existing backers like IvyCap, Avaana, NABVentures, and Rebright. This funding follows the previous ₹66 crore infusion nearly 2.5 years ago.
What This Funding Will Fuel
Eggoz will use the ₹125 crore to:
- Accelerate expansion into more geographies beyond current 11‑city footprint
- Upgrade its tech, farm‑integration, and cold‑chain logistics infrastructure
- Launch new products, possibly beyond fresh eggs, and deepen consumer reach
Why This Matters for Indian Agritech and FMCG
- Scaling farm-to-consumer value chains: Eggoz exemplifies how tech‑enabled sourcing can standardise quality in fragmented Indian agriculture.
- Investor confidence: Continued funding from top firms signals strong belief in Eggoz’s ₹12,000‑crore packaged‑egg market opportunity economictimes
- Towards profitability and IPO: With losses shrinking and operations expanding, Eggoz is setting the stage for long-term sustainability—an IPO may be on the horizon.
Conclusion
Eggoz raises ₹125 crore more than two years after its Series B, reinforcing its commitment to growing a clean‑egg, tech‑integrated agritech brand. This funding will turbocharge its expansion, product innovation, and farmer empowerment model—positioning Eggoz to emerge as India’s leading premium egg provider.
