Agritech startup Eggoz raised $3.5 million

The egg consumption market in India is worth $12 billion. Eggoz is trying to be India’s first nationwide brand for eggs.

[Delayed Funding Alert]

Agritech startup Eggoz has raised $3.5 million as part of their series A round from NABVENTURES (VC fund of NABARD), Avaana Capital, Rebright Partners, Bellerive Capital and angel investors Sanjiv Rangrass and Indresh Saluja. 

The venture was founded by Abhishek Negi, Uttam Kumar, Aditya Singh and Pankaj Pandey. Since their inception in December 2017, they have sold over 2 crore eggs. Eggoz claims to be the most profitable and stable poultry business in India. It is primarily present in the Delhi-NCR area along with Allahabad, Bhopal, Chandigarh, Patna, Indore and Ranchi.

They produce chemical-free and nutrition-rich eggs and has a network of poultry farms in two states of India - Madhya Pradesh and Bihar. They also claim to deliver eggs within 24 hours of laying. All eggs undergo 11 safety tests to verify their quality.

It plans to utilise the current funds to expand in North India and integrate more with farmers. They had previously raised Rs 1.2 crore and later Rs 2.3 crore by Tracxn Labs, Angelist, Tri-Deep Capital, Letstransport and other angel investors like, Narendra Sankar, Sunil Mishra and Vishal Sharma. 

The egg consumption market in India is worth $12 billion. Eggoz is trying to be India’s first nationwide brand for eggs.

Tags : #Eggoz #AbhishekNegi #UttamKumar #AdityaSingh #PankajPandey #funding #startupfunding #egg #agritech #smitakumar #medicircle

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Serum Institute of India Partners with Oxford University to Develop Meningitis-B VaccineApril 18, 2024
Ethical Concerns Arise: Nestlé Accused of Adding Sugar and Honey to Infant Formula and Breakfast Cereals in Low-Income CountriesApril 18, 2024
Empowering India's Youth: IG Drones & AASSC Launch Drone Skill Program, to Upskill 10M YouthApril 17, 2024
Autonomix Medical Inc. Covered in Benzinga Article Highlighting Innovative Nerve Treatment TechnologyApril 17, 2024
Top 5 online learning platform for learnersApril 17, 2024
Broad-Spectrum RNA Vaccine Breakthrough for Enhanced Virus ProtectionApril 17, 2024
The Impact of Excessive Internet Usage on School Absence: Finnish Study Reveals Key FindingsApril 17, 2024
Uncovering Delhi's Illegal Fertility Centre Operations: Insights from Recent Child Trafficking CasesApril 17, 2024
CarDekho's CSR Arm Girnar Foundation Hosts Health Check-up Camps for Underprivileged Children in Jaipur and GurugramApril 16, 2024
Atal Incubation Centre – Centre for Cellular and Molecular Biology (AIC-CCMB) signs agreement for placement of equipment with Thermo Fisher Scientific to help advance innovation in India April 16, 2024
AVEKSHA, four-day care centres, for the kids of industrial workers inauguratedApril 16, 2024
Nearly a third of the constituencies have zero women candidates in Phase 1 and 2 of LS Elections; reveals The Quantum Hub’s Factsheet April 16, 2024
Emergency Healthcare Provider Medulance Secures $3 Million Series A Funding Led by Alkemi Growth CapitalApril 16, 2024
The Healing Power of Natural Diversity: How Nature Boosts Mental HealthApril 16, 2024
Unveiling Cellular Recycling: How Nutrient-Starved Cells Adapt to Stressful ConditionsApril 16, 2024
Advancing Cancer Care: AIIMS Bhopal’s Workshop on Biomarker Interpretation in Breast CancerApril 15, 2024
10 Powerful Benefits to Diversify Healthcare Advertising ChannelsApril 15, 2024
Understanding Hospital Sink Contamination: Challenges in Fighting Multidrug-Resistant BacteriaApril 15, 2024
Rajasthan’s Swine Flu Situation: Health Department Observes DeclineApril 15, 2024
Is Your Doctor’s Prescription Incomplete ? Insights from Recent ICMR Study Suggests So!April 13, 2024