Noida-based food solutions startup Fambo has raised Rs. 21.55 crore from AgriSURE Fund and EV2 Ventures to accelerate its next phase of growth. The fresh capital will be used for geographical expansion, product line diversification, team building, and strengthening its technology stack.
This marks Fambo’s second fundraise in 2025, following a Rs. 21 crore round in January led by EV2 Ventures and a clutch of ultra-high-net-worth individuals.
Commenting on the fundraise, Akshay Kumar Tripathi, Co-Founder & CEO, Fambo, said, “We are delighted to welcome AgriSURE Fund as partners on our journey. Their confidence in Fambo not only validates our model but also gives us access to strategic insights and a strong agri-tech network. At Fambo, we are deeply committed to solving the food accessibility challenge. With this funding, we aim to scale our operations nationwide, strengthen our technology stack, and build a talented team that will help us successfully scale our operations.”
Vikas Bhatt, Managing Director, NABVENTURES Limited, said, “We are delighted to partner with Fambo as our maiden investment from the AgriSURE Fund. This investment strongly resonates with the AgriSURE Fund’s vision, an initiative anchored by MOA&FW and NABARD to support technology-led, scalable solutions that create sustainable market linkages for farmers and drive efficiencies across agri value chains. Fambo is playing a pivotal role in strengthening the B2B agri supply chain by working closely with farmers and FPOs, enabling seamless access to reliable, quality produce for the rapidly expanding QSR and HoReCa ecosystem.
Fambo’s farm-to-fork integration, product innovation, and tech-enabled supply chain are exactly the kind of interventions needed to modernize India’s food service infrastructure and unlock value for both producers and consumers. As demand for standardized, value-added ingredients continues to accelerate, we believe Fambo is well-positioned to emerge as a category defining player in this space.”
Karan Mittal, Managing Partner, Ev2 Ventures / Caret Capital, added, “We believe that resilient supply chains are the backbone of a thriving HORECA industry. Fambo’s tech-driven platform and automated cutting & processing for value-added products is redefining how QSRs, hotels, and chain restaurants source essentials – bringing efficiency, reliability, and transparency to a sector long plagued by fragmentation. We continue to support this exceptional team as they strengthen India’s Agri Supply Chain ecosystem for the future.”
Founded in 2022, Fambo has quickly emerged as a pioneer in food solutions for the HoReCa (Hotels, Restaurants, Cafés) industry, supplying fresh farm produce and semi-processed food products that enable restaurants to deliver consistent quality across outlets in a cost-effective way. Today, the company serves over 1,000 restaurants and cloud kitchens across North and Central India, counting Burger King, McDonald’s, California Burrito, Burger Singh, Nomad Pizza, and Barbeque Nation among its 50+ marquee clients.
Fambo’s edge lies in its deep farm networks – spanning more than 75 acres of GAP-certified farms – where it partners with farmers right from crop planning to ensure traceability and premium quality produce. The company has also invested heavily in a temperature-controlled supply chain for chilled and frozen food delivery, supported by AI-powered logistics planning that optimizes fulfilment and reduces costs.
At its state-of-the-art micro-processing centre in Noida, equipped with advanced automation and global certifications, Fambo produces high-quality food ingredients. With a team of in-house chefs and food experts, the company also collaborates with clients to co-develop new menu items.
Fambo reported Rs. 20.3 crore in revenue in FY25 and is on track to reach an ARR of Rs. 50 crore in Q2 FY26, while maintaining profitability.
