Kartik Dixit Evo Foods

Kartik Dixit © Evo Foods

Interviews

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 …

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Evo Foods plant-based egg products

© Evo Foods

Egg Alternatives

Evo Foods Opens Preorders For Plant-Based Egg Products, Sells 1000+ in 24 Hours

On August 1st, India’s Evo Foods opened preorders in Mumbai for its new plant-based egg products — protein patties and cubes in Original and Peri Peri flavours. Just 24 hours later, sales had reached over a thousand units, despite the fact that preorders were only available to newsletter subscribers and the brand had not paid for any advertisements. This success is a testament to the growing demand for plant-based products in India. “World’s first” In March, Evo unveiled what it claimed was the world’s first heat-stable plant-based boiled egg. The following month, the brand showcased the product in the US for the first time, alongside its existing liquid eggs. Evo’s success has partly been made possible by a funding round last year, which was one …

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Evo Foods and Ginkgo

© Evo Foods

Egg Alternatives

Evo Foods and Ginkgo Bioworks Collaborate to Produce Animal-Free Egg Proteins

Evo Foods and Ginkgo Bioworks have announced they are working together to develop animal-free egg proteins. As part of the collaboration, Evo will use Ginkgo’s Cell Development Kits (CDKs) to cut costs and speed up development times. While the Indian company has already successfully developed plant-based egg alternatives, it is looking to further improve the properties of its next generation of products. Through the use of Ginkgo’s CDKs, Evo will be able to more rapidly build plant-based egg proteins and prototype its ideas in modules. Programming cells Ginkgo describes itself as the leading horizontal platform for cell programming, and has previously worked with biotech company Bolt Threads to make its vegan spider silk more sustainable and cost-effective. According to Ginkgo, the goal of its platform …

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©Evo Foods

Egg Alternatives

India’s Evo Foods to Showcase Its Plant-Based Eggs in the US for the First Time

India’s Evo Foods is to exhibit its plant-based egg alternatives outside its home country for the first time ever. The company will feature its animal-free boiled and liquid eggs at a product showcase in San Francisco. Potential restaurant and retail customers, as well as investors and journalists, are all invited to attend and sample the eggs. The event will take place on April 27 at WeWork, Waterfront Plaza, San Francisco from 6-8 pm. “World’s first” In 2020, the company received funding from Big Idea Ventures and VegInvest, among others. Then, last year, Evo raised one of the largest ever seed rounds for an Indian food startup, with a huge lineup of notable investors, allowing the company to develop what it claims is the world’s first …

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© Evo Foods

Egg Alternatives

Evo Foods Unveils “World’s First” Heat-Stable Plant-Based Boiled Egg

Indian startup Evo Foods has revealed what it claims is the first ever heat-stable and plant-based boiled egg. The product was showcased for the first time at an event in Jio World Drive in Mumbai. To develop the plant-based boiled egg, Evo created a database of plant proteins grown in India and compared them to egg proteins based on various parameters. Once the company had selected the proteins with the best match, it used proprietary texturising technology to create the finished product. “We are extremely lucky to have a strong team of scientists and engineers who made this feat possible within just a year of R&D, including the lockdowns in India,” said co-founder and CEO Kartik Dixit. Ready for launch Evo Foods previously developed plant-based …

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©Evo Foods

Investments & Finance

Evo Foods Celebrates One of Largest Ever Seed Funding Rounds by an Indian Food Startup With a Stellar List of Investors

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.

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Market & Trends

What’s the Next Plant-Based Boom? Miyoko’s, Good Catch, Evo Foods and Oatly Respond

“To say plant-based foods are having a moment is an understatement. Green is now mainstream.”  says Allen Zelden, in an article originally published by Inside FMCG, which includes insights from plant-based leaders including Mike Messersmith of Oatly, Miyoko Schinner, Chris Kerr of Good Catch, and Kartik Dixit of Evo Foods.

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© Eat Just, Inc.

Market & Trends

Vegan Egg Product Segment is Fastest Growing Plant-Based Category, Outperforming Beyond Meat & Oatly

JUST Egg contacts vegconomist to inform us, “We’ve sold the plant-based equivalent of 50 million eggs” – this is not insignificant, and to celebrate we decided to take a look at JUST as well as some of the other popular plant-based egg brands around the planet in this rapidly developing market, disrupting the cruel and unnecessary poultry industry.

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