Funding Alert

Eggoz Secures ₹125 Cr in Series C Round Led by Gaja Capital, Valued at Nearly ₹500 Cr


Egg-focused consumer brand Eggoz has raised ₹125 crore (~$14.7 million) in its Series C funding round led by Gaja Capital, with additional participation from existing investors IvyCap Ventures and Redbright Partners, as per regulatory filings accessed by Entrackr, which first reported the development.

The board of Eggoz approved a special resolution to issue 1 equity share and 15,334 Series C preference shares at an issue price of ₹81,511 each to raise the capital. Gaja Capital has infused ₹100 crore, while IvyCap Ventures and Redbright Partners have contributed ₹20.95 crore and ₹4.05 crore, respectively.

According to Entrackr estimates, the post-money valuation of Eggoz now stands at ₹480–500 crore (~$55–58 million), representing a 60% jump from its previous funding round.

Founded in 2017 in Bihar by Abhishek Negi, Aditya Singh, and Uttam Kumar, Eggoz has carved a niche in the fresh eggs segment with its asset-light, farmer-led model, ensuring that eggs reach retail shelves within 24 hours of laying. The company has grown its footprint across major metros and non-metro regions including Delhi-NCR, Bengaluru, Kolkata, Jaipur, and Lucknow.

In an effort to diversify, Eggoz has ventured into the ready-to-cook (RTC) segment, offering products like momos, nuggets, and burger patties.

With this round, the company’s total funding now exceeds $27 million, including an $8.8 million Series B led by IvyCap Ventures and a $3.5 million Series A. Eggoz had also raised ₹3.7 crore in its seed round.

Financially, Eggoz posted a 33.6% year-on-year increase in revenue to ₹73.1 crore in FY24, while managing to cut its losses by 24%, bringing them down to ₹25 crore during the same period.

This fresh funding is expected to further bolster the company’s product innovation, supply chain infrastructure, and brand expansion across India.

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