Bihar Based AgriTech Startup ‘Eggoz’ Raises Rs 2.5 Crores In Seed Funding
AgriTech startup Eggoz has raised Rs 2.5 crores as part of its seed funding.
The funding round saw participation from Tracxn Labs, Tri-Deep Capital, Angellist, founders of Letstransport, and Angel investors along with existing investors- Narendra Sankar, Sunil Mishra, and Vishal Sharma.
Eggoz plans to use the funding amount to fuel its growth and expansion plans.
Founded by Abhishek Negi, Uttam Kumar, Aditya Singh and Pankaj Pandey in 2017, Eggoz is a brand of fresh and chemical-free eggs.
The eggs are produced in tech-enabled & nutrition-engineered deep integration partnerships with farmers.
Talking about Eggoz, Uttam Kumar (Eggoz Co-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 fulfil protein enriched food requirement of the growing population.”
Uttam Kumar added, “With Eggoz’s technology and integration platform, farmers can rear flock sizes starting from 500 birds at affordable initial investment and less land requirement.”
Eggoz has its presence in UP, MP and Bihar. It has developed a new farming model for small-scale commercial egg farming and has so far sold over 2 crore eggs and has more than 1,00,000 birds under management.