IIT-KGP graduates built a tech-enabled egg farming company, now sell 4M eggs a month
YourStory (June 30, 2021)
These IIT graduates built a tech-enabled egg farming company, now sell 4M eggs a month
Bihar-based Eggoz, which produces and sells brown, white and Nutra eggs, was founded by IIT-Kharagpur alumni Abhishek Negi ('13), Uttam Kumar ('14), Aditya Singh ('14), and Pankaj Pandey (G B Pant University, Pantnagar) in 2017.
Abhishek Negi, Uttam Kumar, Aditya Singh, and Pankaj Pandey had settled into their corporate lives after graduating from IIT-Kharagpur.
However, around 2017, they decided to revisit their dream of pursuing entrepreneurship, which they had often discussed in their hostel and corridors of the IIT campus.
They found their calling in the age-old dilemma, “Which came first: chicken, or the egg?” They dug up the archives of the Indian poultry market and saw a clear demand and supply gap.
“At that time, about 70 percent of the production was happening in the southern part of the country, and more than 65 percent of the consumption was happening in north India,” Abhishek Negi tells SMBStory.
In fact, there were other factors too — a low protein index, unhygienic practices of producing eggs, and lack of formal players in the market.
This compelled Abhishek to partner with his IIT friends — Uttam, Aditya, and Pankaj — to dive into the fragmented egg farming sector and launch Eggoz in 2017. (Read More) (Eggoz Website)