Fambo raises Rs 21.55 Cr in Series A round led by AgriSURE Fund

Noida-based Fambo, an foodtech startup has raised INR 21.5 Cr (about $2.4 Mn) in a Series A funding round led by AgriSURE Fund, with participation from EV2 Ventures.

The startup plans to use most of the new funding to expand beyond North India into western and southern regions. It also aims to enter export markets soon and has already made a test shipment to Nepal.

Fambo will upgrade its AI-based demand prediction system, which helps restaurants manage inventory better, and use the remaining funds to hire more people in sales, technology, and operations. 

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This is Fambo’s second funding round in 2025, following a similar-sized raise in January led by EV2 Ventures and a group of ultra-high-net-worth individuals (UHNIs).

“Our first round was about establishing product-market fit; this one is for scaling the model. In the last 10 months, our operations, ARR, and team size have all doubled,” cofounder and CEO Akshay Tripathi said.

About Fambo 

Founded in 2022 by Tripathi and Sudarshan Satle, Fambo supplies fresh produce and semi-processed food products to the HoReCa sector. It serves over 1,000 restaurants and cloud kitchens across North and Central India, including brands like McDonald’s, Burger King, Burger Singh, California Burrito, Nomad Pizza, and Barbeque Nation.

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The company sources from a 75-acre network of GAP-certified farms, supporting farmers from crop planning to procurement to ensure full traceability. Its temperature-controlled supply chain handles chilled and frozen deliveries, powered by AI driven logistics planning.

Fambo also operates a processing unit in Noida, where it prepares semi-processed ingredients and works with food brands through its in-house chefs to co-develop menu items.

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