Eggoz, Egg producer and agritech startup, has raised Rs 2.5 crore as part of its seed funding to fuel its growth and expansion plans. The Bihar-based firm had previously secured Rs 1.2 crore from a clutch of angel investors. 

The seed funding round witnessed participation of investors like Angellist, Tracxn Labs, Tri-Deep Capital, founders of Letstransport and Angel investors together with existing investors — Sunil Mishra, Narendra Sankar and Vishal Sharma. 

An IIT Kharagpur alumnus and Eggoz founder, Uttam Kumar, 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.”

Eggoz, founded in December 2017, said it works with farmers under deep integration at several locations in North India, using nutritional engineering and technology to produce eggs. With Eggoz technology and integration platform, peasants can rear flock sizes beginning from 500 birds at affordable initial investment and less land requirement, it added. With these novel efforts, the startup claims that it is working in line with the government's intention to double farmers’ income in order to make villages self-reliant for nutrition and livelihood. 

Founder of Tracxn Labs, Abhishek Goyal, said, “India egg supply chain is largely unorganised. There is an opportunity for a player to implement best practices in production and create a trustworthy consumer brand. We were quite impressed by the founding team's passion to solve this market.” 

Founded by Abhishek Negi, Aditya Singh, Pankaj Pandey and Uttam Kumar, Eggoz has so far sold above two crore eggs and has more than 1,00,000 birds under management.