India, 29th October, 2025: Noida-based food solutions startup Fambo has raised INR 21.55 crore in a fresh funding round led by AgriSURE Fund and EV2 Ventures. The capital infusion will support the company’s next phase of growth  including geographical expansion, product diversification, team building, and technology enhancement.

This marks Fambo’s second fundraise in 2025, following a INR 21 crore round in January, led by EV2 Ventures and a group of ultra-high-net-worth individuals.

Commenting on the fundraise, Mr. Akshay Kumar Tripathi, Co-Founder & CEO of 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 brings 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 nationwide, strengthen our technology stack, and build a talented team to drive sustainable growth.”

Mr. Vikas Bhatt, Managing Director, NABVENTURES Limited, added:

“We are delighted to partner with Fambo as our maiden investment from the AgriSURE Fund. This aligns perfectly with the Fund’s vision an initiative anchored by the Ministry of Agriculture & Farmers’ Welfare (MoA&FW) and NABARD to back scalable, tech-led solutions that strengthen agri value chains.

Fambo is playing a pivotal role in enhancing the B2B agri supply chain by collaborating with farmers and FPOs, ensuring seamless access to reliable, quality produce for the rapidly growing QSR and HoReCa ecosystem. Its farm-to-fork integration, product innovation, and tech-enabled supply chain are precisely the kind of interventions needed to modernize India’s food service infrastructure.”

Mr. Karan Mittal, Managing Partner, EV2 Ventures / Caret Capital, commented:

“Resilient supply chains are the backbone of the HoReCa industry. Fambo’s tech-driven platform and automated processing for value-added products are redefining how QSRs, hotels, and restaurant chains source essentials bringing efficiency, reliability, and transparency to a historically fragmented sector. We’re proud to continue supporting this exceptional team as they strengthen India’s agri supply ecosystem for the future.”

ransforming India’s Food Supply Chain

Founded in 2022, Fambo has rapidly emerged as a pioneer in food solutions for the HoReCa (Hotels, Restaurants, Cafés) industry. The company supplies fresh farm produce and semi-processed food products that help restaurants maintain consistent quality across outlets  efficiently and cost-effectively.

Today, Fambo 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 competitive edge lies in its deep farm networks, spanning 75+ acres of GAP-certified farms, where it partners with farmers from the crop planning stage to ensure traceability and premium quality. The company has also invested significantly in temperature-controlled logistics for chilled and frozen food delivery, supported by AI-powered route optimization that improves efficiency and reduces costs.

At its state-of-the-art micro-processing centre in Noida, Fambo produces high-quality, standardized food ingredients using advanced automation and globally certified practices. Its in-house chefs and food experts also collaborate with clients to co-develop innovative menu items tailored to emerging consumer trends.

Strong Growth Trajectory

Fambo reported INR 20.3 crore in revenue in FY25 and is on track to achieve an annual recurring revenue (ARR) of ₹50 crore by Q2 FY26, while maintaining profitability.

With this latest funding, Fambo aims to solidify its position as a category-defining player in India’s food solutions ecosystem — bridging the gap between farms, processors, and the rapidly evolving HoReCa industry.