Eggoz, a Bihar-based agritech startup that produces fresh and chemical-free eggs, announced it has raised $1.5 million in a pre-Series A funding round from Avaana Capital and Rebright Partners.
The startup will use the current financing to expand into newer markets, launch new products and strengthen its tech platform.
Founded in 2017 by Abhishek Negi, Uttam Kumar, Aditya Singh and Pankaj Pandey, Eggoz claims it has sold over 25 million eggs. The startup had raised Rs 2.5 crore in seed funding in May this year.
“India produces more than 100 billion eggs every year. However, the category has seen minimum innovation and product development, and lacks a consumer-focused brand, serving the country’s growing need for fresh and nutritious food products. Eggoz wants to be the preferred brand for both consumers and farmers. We look forward to partnering with Avaana Capital and Rebright Capital to scale our business and realize this vision,” said Abhishek Negi, Co-founder, Eggoz.
“We are bullish about the agriculture supply chain digital transformation. We believe that Eggoz is the right partner by building a sustainable integration model on the supply side and delivering quality products to the end consumers,” said Takeshi Ebihara, Partner, Rebright Partners.
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