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.

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Founded in March 2022, Fambo connects farmers directly with restaurants, hotels, and cloud kitchens through its AI-enabled platform, ensuring fresh produce, minimizing waste, and maintaining quality. The company operates a state-of-the-art Micro-Processing Centre, offering semi-processed food items to help food service businesses reduce costs, ensure consistency, and streamline operations.

Fambo plans to use the funds to scale its operations across India, establish an export vertical, invest in technology, and grow its network of partner farms. The company serves over 500 restaurants and cloud kitchens, including major brands like Burger King, McDonald’s, California Burrito, Burger Singh, Farzi Café, and Barbeque Nation. Karan Mittal, General Partner at EV2 Ventures, added, “Fambo’s digital-first approach to delivering traceable and customized assortments through omnichannel distribution, instead of multiple layers of middlemen, benefits not only QSRs and the Horeca industry but also ensures improved earnings for farmers, unlocking benefits on both ends of the supply chain.”

The company’s growth strategy revolves around its proprietary PDP (Platform-Delivery-Product) framework, which integrates technology, efficiency, and innovation for sustainable growth. Fambo’s AI-powered platform helps restaurants manage provisions, purchase ingredients, and ensure a reliable supply chain with traceability. It enables strategic sourcing and delivers temperature-controlled logistics for on-time deliveries directly from farms to restaurants. Additionally, its state-of-the-art micro-processing centre in Noida enhances operations by providing innovative value-added products such as pre-cut vegetables, sauces, gravies, frozen goods, and fried items. These products enable restaurants to introduce new menu items, save on costs by shortening preparation time, reduce manpower in kitchens, maintain consistency and quality across outlets, and minimize waste.

Fambo generated a revenue of INR 18 Crore in the Calendar Year 2024, having turned profitable in Q3 FY 2024-25. It is also planning R&D in collaboration with Indian and international universities to develop new food categories and cater to more customers. Akshay Tripathi, Co-Founder & CEO of Fambo, commented, “We approached the foodservice industry from the lens of the supply chain, eliminating waste at every step and transforming inefficiencies into value for customers and farmers. Our micro-processing center combines minimal space and high throughput to deliver innovative products that save time, reduce costs, and ensure quality.”

The company works with 75 acres of GAP-certified farms and collaborates with Farmer Producer Organizations (FPOs) to reduce waste and boost farmers’ incomes. Sudarshan Satle, Co-Founder & COO, said, “Our AI-powered platform helps customers plan demand and match it with strategic sourcing. We’ve achieved less than 1% waste by effectively matching demand and supply and implementing tech-enabled agricultural practices, helping partner farms increase yield and reduce waste, thereby boosting their income.”

Fambo’s customer-first approach has earned praise from its partners. Bert Mueller, Founder of California Burrito, added, “Fambo provides top-quality fresh vegetables with hassle-free delivery and excellent customer service.” Swikar Gadpayle, AVP – Supply Chain, Burger King India, commented, “Fambo’s understanding of agricultural supply chains and customer-centric approach has been invaluable. They’ve provided Burger King India with top-quality ingredients and complete traceability.”

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