Saraf and Partners acted as legal counsel to Gaja Capital in a $20 million Series C funding round in Nupa Technologies Private Limited, the company behind Eggoz — a tech-enabled, integrated egg supply chain brand.
The funding round was led by Gaja Capital, with continued participation from existing investors IvyCap Ventures and Rebright Partners. The deal marks another major investment in India’s fast-evolving agritech and protein supply ecosystem.
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Deal Overview
| Feature | Details |
|---|---|
| Investor | Gaja Capital |
| Target | Nupa Technologies Pvt. Ltd. (brand: Eggoz) |
| Investment Round | Series C |
| Total Deal Value | $20 million (approx. ₹165 crore) |
| Other Investors | IvyCap Ventures, Rebright Partners |
| Legal Advisor to Lead Investor | Saraf & Partners |
| Structure | Mix of primary and secondary investments |
| Sector | Agritech – Egg Supply Chain |
Parties Involved
Gaja Capital: A leading growth-stage private equity firm investing across education, consumer, financial services, and agritech.
Eggoz (Nupa Technologies): A tech-enabled egg supply chain company aiming to bring freshness, traceability, and farmer empowerment to India’s poultry and egg consumption.
Other Investors: IvyCap Ventures and Rebright Partners participated in the round as continuing backers.
Legal Counsel: Saraf & Partners advised Gaja Capital across all phases of the deal.
Saraf & Partners Deal Team
The Saraf & Partners team was led by:
Vivek Pareek — Partner
The firm advised Gaja Capital through the full lifecycle of the deal, including:
Legal due diligence on Eggoz and key shareholders
Structuring of primary and secondary investments
Drafting and negotiation of multi-party investment agreements
Regulatory and compliance advisory
Closing assistance and coordination with stakeholders
Key Transaction Highlights
Gaja Capital emerged as the lead investor, contributing a significant portion of the total Series C funding.
The investment included both primary infusion into the company for growth and secondary share acquisition from promoters and existing investors.
The round enables Eggoz to accelerate operations, strengthen technology, and expand farmer networks across India.
The deal saw complex multi-party negotiations involving promoters, individual shareholders, institutional investors, and existing VCs.
Strategic Significance
The funding marks a pivotal growth milestone for Eggoz, enabling it to scale its farm-to-consumer model in a highly fragmented, traditionally unorganised sector.
For Gaja Capital, the deal aligns with its thesis of investing in high-impact, high-growth sectors that bridge consumer needs with supply chain innovation.
From a legal perspective, the transaction reflects the increasing complexity of later-stage venture investments in India, especially where secondary sales, promoter interests, and VC participation intersect.
Why It Matters
India’s agritech and protein sector is drawing growing interest from institutional investors seeking sustainable and scalable solutions for food safety, farmer income enhancement, and end-user transparency.
This deal is notable for:
Boosting credibility and valuation for Eggoz ahead of future growth or exit plans.
Setting a precedent for mixed-structure growth capital deals in the agritech space.
Reinforcing the value of expert legal counsel in navigating multi-stakeholder, multi-jurisdictional VC transactions.
The $20 million Series C investment in Eggoz represents another step forward in institutionalising India’s agritech sector.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
