Recent data from the PBFA and GFI revealed that plant-based eggs grew 168% in 2020, nearly ten times the rate of poultry eggs. India’s Evo Foods was thus clever and lucky enough to have selected the fastest-growing plant-based category, which saw dollar sales surging 192% between 2019 – 2020, outperforming both Oatly and Beyond Meat. Evo’s recent pre-seed round is reportedly one of the largest ever by an early-stage food startup in India.
Evo Foods: “We Aim to Be Present On All Continents While Being the Market Leader in the US, India and SE Asia”
Kartik Dixit, CEO and co-founder of India’s plant-based egg pioneer Evo Foods has had a busy couple of years, to say the least. Evo was founded in 2020 by Dixit and co-founder Shraddha Bhansali, who would go on to be named on the Forbes 30 under 30 Asia 2021 list and develop a range of products that taste, scramble, fry, boil, and make omelettes just like conventional eggs. The young founders say they are driving the company with the mission to bring the plant-based revolution to India, a country with the highest global percentage of vegetarianism but which has traditionally overlooked milk and eggs. Until now. Following a pre-seed round last year featuring high-profile investors, reportedly one of the largest ever by an early-stage food …