Agri Tech Startup Eggoz raises 1.2 Cr Funding
Agri Tech Startup and Egg Producer Eggoz has raised Rs. 1.2 crore funding from a group of angel investors including Narendra Sankar, Sunil Mishra, Vishal Sharma, Anurag Jhanwar and Mohini Jhanwar.
The company has plans to use fresh funds in business expansion across states of Bihar and Madhya Pradesh. Eggoz is also planning to use the capital in setting up a company-owned farm in Nalanda, Bihar which will act as a model farm to attract clients, and for research and development.
Talking of the recent funding development, Mr Pankaj Pandey, Co-founder of Eggoz, said,
India has a "serious" hunger problem and ranks 100th out of 119 countries on the global hunger. The egg is a wholesome nutritious food which is available at affordable price. We saw huge gaps in the market with Southern st...