Eggoz Nutrition, a consumer brand focused on eggs, has raised $8.8 million in a Series B round led by Mumbai-based IvyCap Ventures Pvt Ltd.
Existing investors Nabventures, Avaana Capital, and Rebright Partners joined the round, as did angel investors such as Vishesh Khurana of Shiprocket, Ankit Mehrotra, Nikhil Bakshi, Sahil Jain, Vivek Kapoor of Dineout, Khalid Qazi of Swiggy, and others.
The startup stated that the new funds will be used to expand its business footprint and hire new talent. The round of funding comes exactly a year after the startup raised $3.5 million in its Series A round last December.
Eggoz, founded in 2017 by Abhishek Negi, Uttam Kumar, and Aditya Singh, sources fresh, chemical-free eggs from farmers and delivers them to retailers within 24 hours of laying.
It has offices in Delhi-NCR, Bengaluru, Kolkata, Chandigarh, Jaipur, Lucknow, Allahabad, Bhopal, Chandigarh, Indore, Patna, and Ranchi, among other places. The startup claims that its eggs are high in protein, Omega-3 fatty acids, and amino acids.
Eggoz guarantees consumers one-day delivery of fresh eggs via omnichannel, sourced directly from farmers who operate under a fully integrated model. All of its products are made with herbal hens and are regularly monitored by technicians and veterinarians.
