Agri-tech and Egg startup Eggoz secures a seed funding of Rs 2.5 crore
Egg producer and agri-tech startup Eggoz has raised Rs 2.5 crores as part of its seed funding to fuel its growth and expansion plans. The latest funding reaffirms investors’ faith on Eggoz as the start-up had earlier secured Rs 1.2 crores from clutch of angel investors.
The seed funding round saw participation of investors like Tracxn Labs, Angellist, Tri-Deep Capital, founders of Letstransport, and Angel investors along with existing investors - Narendra Sankar, Sunil Mishra, and Vishal Sharma.
Uttam Kumar, an IIT Kharagpur alumnus and Eggoz founder, said, “Eggoz poultry farming is one of the most profitable and stable business to generate allied income for many marginal farmers as well as to fulfill protein enriched food requirement of the growing population.”
Eggoz works with farmers under deep integration at several locations in North India, using cutting-edge nutritional engineering and technology to produce high quality and nutrition-rich eggs. Farms on the Eggoz platform are run with high efficiency as the venture leverages smart technology and follows best processes.
Abhishek Goyal, Founder Tracxn Labs, “India egg supply chain is largely unorganized. There is an opportunity for a player to implement best practices in production and create a trust worthy consumer brand. We were quite impressed by the founding team passion to solve this market.”
Eggoz has developed new farming model for small-scale commercial egg farming. With Eggoz technology and integration platform, farmers can rear flock sizes starting from 500 birds at affordable initial investment and less land requirement. With these novel efforts, Eggoz is working in line with government’s intention to double farmers’ income in order to make villages self-reliant for nutrition and livelihood.
Sharing the vision behind Eggoz, Abhishek Negi, co-founder added, “India ranks low in global hunger Index but we can go beyond this issue if people have access to good quality eggs as it is a wholesome nutritious food available at an affordable price”
Founded by Abhishek Negi, Uttam Kumar, Aditya Singh and Pankaj Pandey, Eggoz has so far sold over 2 crore eggs and has more than 1,00,000 birds under management. Eggoz, a one-of-its-kind venture, is providing nutritional and financial benefits to people with a reliable brand of eggs and social upliftment of farmers.