VC Fund Investments
Eggs deliverer Eggoz raises $3.5 M from Nabventures Fund, Avaana Capital, others
Eggoz, a Gurugram-based consumer brand for fresh and chemical-free eggs, has raised Series A funding of USD 3.5 million led by Nabventures, the venture capital fund sponsored by National Bank for Agriculture and Rural Development (NABARD). Other participants in the funding round included Avaana Capital, Rebright Partners, Bellerive Capital and angel investors Sanjiv Rangrass and Indresh Saluja. Eggoz will use the funds to increase its brand footprint, launch egg-based value-added products, and enter new geographies. Founded by Abhishek Negi, Uttam Kumar, Aditya Singh and Pankaj Pandey, Eggoz claims to procure and deliver fresh and chemical-free eggs from farms to retailers within 24 hours of laying. Apart from its primary presence in Delhi-NCR, Eggoz is also present in Allahabad, Bhopal, Chandigarh, Indore, Patna and Ranchi.
From the Venture Intelligence PE-VC Deal Database: In Nov-20 Eggoz raised $1.5 M from Avaana Capital, Rebright Partners, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
