Friday, April 26

Tag: Eggoz

Agritech startup Eggoz raises $350k funding
18May By AnkitaNo Comments
FUNDING

Agritech startup Eggoz raises $350k funding

Agritech startup Eggoz raises $350k (around Rs 2.5 crore) funding from investors to fund its expansion plans. Founded in December 2017, the startup is a full-stack egg producer of nutrition-rich eggs. It operates a network of poultry farms in Indian states like Bihar and Madhya Pradesh. Eggoz has raised $350k as part of its seed funding. It had earlier secured $200k from a clutch of angel investors. The seed funding round saw participation of investors like Tracxn Labs, Angellist, Tri-Deep Capital, founders of Letstransport, and angel investors along with existing investors Narendra Sankar, Sunil Mishra, and Vishal Sharma, the company said. Eggoz has so far sold over 20 million eggs and has more than 100k birds under management. It has developed a new farming model for small-s...
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Agri Tech Startup Eggoz raises 1.2 Cr Funding
27Jun By Lavina TolaniNo Comments
FUNDING

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...
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