Startup
Eggoz
Egg brand founded in Bihar in 2017 by IIT Kharagpur alumni. It started with a network of poultry farms in Bihar and Madhya Pradesh and now sells branded eggs from a Gurugram base, mainly through quick commerce, in cities across North, South and West India.
Good to know: Founded in Bihar; now headquartered in Gurugram, with its main markets outside Bihar.
What's confirmed
8 sourced facts
- Founded in Bihar in 2017 by IIT Kharagpur alumni Abhishek Negi, Aditya Singh and Uttam Kumar (ET, December 2022). ET's May 2020 report gives the founding month as December 2017 and also names Pankaj Pandey as a founder.
- In May 2020 it operated a network of poultry farms in Bihar and Madhya Pradesh (ET).
- Before May 2020 it raised Rs 1.2 crore from angel investors (ET). Inc42 dates an angel investment of about $176K to 2018.
- Raised Rs 2.5 crore in seed funding in May 2020 from investors including Tracxn Labs, AngelList, Tri-Deep Capital and founders of LetsTransport, with existing investors Narendra Sankar, Sunil Mishra and Vishal Sharma (company statement reported by ET).
- Raised a $3.5 million Series A in December 2021, led by Nabventures (anchored by NABARD), with Avaana Capital, Rebright Partners, Bellerive Capital and angels Sanjiv Rangrass and Indresh Saluja. Patna was among the cities it served (ET).
- Raised an $8.8 million Series B in December 2022, led by IvyCap Ventures, with Nabventures, Avaana Capital and Rebright Partners. The round mixed primary investment and a secondary share sale (ET).
- In June 2025 an RoC filing showed a board resolution to raise Rs 125 crore in a Series C: Gaja Capital Rs 100 crore, IvyCap Ventures Rs 20.95 crore and Rebright Partners Rs 4.05 crore (Entrackr). ET then reported a $20 million round anchored by Gaja Capital with eight existing backers.
- FY24 revenue of Rs 73.1 crore and a loss of Rs 25 crore, from RoC filings (Entrackr).
Still to be confirmed
8 open questions
- Whether any farms, staff or sales remain in Bihar. Reporting since 2022 describes the company as Gurugram-based, and the 2025 market list does not name a Bihar city.
- The size of the Series C. The RoC resolution covers Rs 125 crore (about $14.7 million), while ET reports $20 million (about Rs 167 crore) citing people familiar with the deal.
- FY25 results. ET reports net revenue of Rs 130 crore and Ebitda breakeven in the March 2025 quarter, citing a source; Entrackr said FY25 numbers had not yet been filed.
- A November 2020 round that ET mentions (December 2022) without an amount or investors.
- Total funding raised. ET put it at over $29 million after the 2025 round, Entrackr at over $27 million before it; the two cannot both be right, so no total is recorded.
- The 2018 angel round: ET gives Rs 1.2 crore with no date and Inc42 gives about $176K in 2018. They are treated as the same round.
- Valuation. Entrackr's Rs 480-500 crore post-money figure is Entrackr's own estimate, not a disclosed number.
- Incorporation date and registered legal name.
Funding rounds (5)
Newest first. The status column separates closed rounds from planned raises, TV offers and sanctioned support.
| Date | Round | Amount | Investors | Status | Source |
|---|---|---|---|---|---|
Series C Equity | $20M | Gaja Capital, IvyCap Ventures, Rebright Partners, Avaana Capital, Merisis Opportunities Fund, Nabventures, Blue Dot Capital, Artek Chemicals | Closed | The Economic Times; Entrackr | |
Series B Equity | $8.8M | IvyCap Ventures, Nabventures, Avaana Capital, Rebright Partners, Vishesh Khurana, Ankit Mehrotra, Sahil Jain, Nikhil Bakshi, Vivek Kapoor, Khalid Qazi | Closed | The Economic Times | |
Series A Equity | $3.5M | Nabventures, Avaana Capital, Rebright Partners, Bellerive Capital, Sanjiv Rangrass, Indresh Saluja | Closed | The Economic Times | |
Seed Undisclosed | ₹2.5 Cr | Tracxn Labs, AngelList, Tri-Deep Capital, Founders of LetsTransport, Narendra Sankar, Sunil Mishra, Vishal Sharma | Closed company statement | The Economic Times | |
Angel Undisclosed | ₹1.2 Cr | Narendra Sankar, Sunil Mishra, Vishal Sharma | Closed | The Economic Times; Inc42 |
Reported financials
| Year | Operating revenue | Net profit | Note |
|---|---|---|---|
| FY2023-24 | ₹73.1 Cr | ₹-2,500 lakh | From RoC filings as reported by Entrackr. ET gives FY24 revenue as about Rs 74 crore. |
Sources (6)
Who reported it, when, and what they cover
| Publisher | Published | Covers | Link |
|---|---|---|---|
The Economic Times Established news |
| Open source (opens in a new tab) | |
Inc42 Established news |
| Open source (opens in a new tab) | |
The Economic Times Established news |
| Open source (opens in a new tab) | |
The Economic Times Established news |
| Open source (opens in a new tab) | |
The Economic Times Established news |
| Open source (opens in a new tab) | |
Entrackr Established news |
| Open source (opens in a new tab) |
Record ID: BIHAR-SU-010Dataset last checked Spotted an error? Report a correctionHow corrections work