Eggoz raises $20 million funding led by Gaja Capital

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Here’s a structured list based on the information provided about the egg brand Eggoz:

Company Information:

  • Startup: Eggoz
  • Founded: 2017
  • Founders:
    • Abhishek Negi
    • Aditya Singh
    • Uttam Kumar

Fundraising Information:

  1. Latest Fundraise:

    • Amount Raised: $20 million (approximately Rs 167 crore)
    • Funding Series: Not specified (latest round)
    • Date: [Not provided]
  2. Previous Fundraise (2022):
    • Amount Raised: $8.8 million
    • Funding Series: Series B
    • Date: 2022
    • Led by: IvyCap Ventures

Key Investors:

  • Gaja Capital (Lead investor for the latest round)
  • IvyCap Ventures
  • Rebright Partners
  • Avaana Capital
  • Merisis Opportunities Fund
  • Nabventures
  • Blue Dot Capital
  • Artek Chemicals

Usage of Funds:

  • Market penetration in existing locations (North India, Bangalore, Hyderabad, Chennai, Mumbai, Pune)
  • Expansion into East India
  • Growth investments to expand market footprint

Financial Performance (FY 2024-25):

  • Net Revenue: Rs 130 crore (76% YoY growth)
  • EBITDA Status: Achieved breakeven in Q1 FY 25

Product Offering:

  • Premium eggs sold online and offline through organized trade channels.

Market Position:

  • Competing with other brands like:
    • Licious (Temasek-backed)
    • Suguna Chicken
    • Country Delight (Temasek and Venturi Partners-backed)

This summary encapsulates the essential details regarding Eggoz’s fundraising, investors, founders, and growth strategy.

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2032-08-25 04:38:21