Eggoz Nutrition, an egg-focused consumer brand, has raised $8.8 million in a Series B funding round led by Mumbai-based IvyCap Ventures Pvt Ltd.

The funding round also saw participation from existing investors Nabventures, Avaana Capital, and Rebright Partners, and angel investors, including Vishesh Khurana of Shiprocket, Ankit Mehrotra, Nikhil Bakshi, Sahil Jain, Vivek Kapoor of Dineout, Khalid Qazi of Swiggy, and others.

As per the brand, the raised funds will be targeted towards expanding its business footprint by ramping up market expansion and investing in the supply chain while bringing on additional talent and growing its community.

Eggoz Nutrition | Fresh And Chemical-free Eggs

Founded by Uttam Kumar, Abhishek Negi, Aditya Singh and Pankaj Pandey, Eggoz, operated by Eggroz Farmz Pvt Ltd., procures fresh and chemical-free eggs from farmers to deliver to consumers through omnichannel within 24 hours through its fully-integrated model.

Speaking about the development, Abhishek Negi, Co-founder of Eggoz, said,

“Eggs are a core part of Indians’ diet. It is nature’s super food and a reliable source of protein & all the important nutrients. However, the current state of eggs in India needs to improve where this category has been under-penetrated in terms of bad hygiene practices, no quality standardization, and untraceable value chain. We believe the supply chain must be solved to ensure eggs can deliver on their promises.”

Claiming to have grown by more than 5 times in 12 months, the startup has built an asset-light farmer integration model that delivers better nutrition and standardized quality of eggs to masses at scale. Currently, Eggoz has a presence in Delhi-NCR, Chandigarh, Jaipur, Bangalore, Kolkata, Lucknow, and other non-metro cities.

Commenting on the development, Vikram Gupta, Founder and managing partner at IvyCap Ventures Advisors Pvt Ltd, said,

“Eggs being a major source of protein and a dietary staple for a huge section of India’s 1.4 billion population, the market potential is tremendous. Eggoz, with its unique model, has the potential to capture this market and become the leader in this segment.”

[Read: Top 5 Agritech Startups In India Disrupting The Indian Agriculture Sector]

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