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Agritech Startup Eggoz Raises $8.8 Million

Dec 21, 2022almost 3 years ago

Amount Raised

$8.8 Million

Gurgaon

Description

Egg-focused consumer brand Eggoz said it has raised $8.8 million (Rs 66 crore) in Series B funding, led by Mumbai-based IvyCap Ventures. The brand sells premium eggs online and offline through organised trade channels.

Company Information

Company

Eggoz

Location

Gurgaon, Haryana, India

About

At Eggoz we want to make a meaningful impact to improve the protein consumption of people by enriching the lives of the rural egg farmers. Rural egg farmers across the country, especially in northern states of India like MP, UP, Bihar where the temperature swings in extremes, have a major challenge in terms of keeping the production and quality intact with little or no access to modern technologies, good quality feed, veterinary advice and getting their eggs to a larger audience. Contaminated feeds or using feed like DDGS without any knowledge of their nutritive value can have an impact on egg production. Technology is an integral part of farm operations with Eggoz. Data and real-time monitoring play an important role in identifying deviations early and optimizing bird performance for profitable business, for farmers. Farmers are on-boarded to a streamlined program where they receive technical and veterinarian advisory support. We believe in 'Happy Hens, Healthier Eggs!' Eggoz purchases all the eggs produced with a guarantee and direct payments to their accounts. At Eggoz, we strive hard to onboard as many farmers as possible into egg farming and completely support them to grow their business.

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