Fambo Raises ₹21.55 Crore from AgriSURE Fund and EV2 Ventures to Strengthen Tech-Driven Food Supply Chain

Noida-based food solutions startup Fambo has raised ₹21.55 crore in its latest funding round from AgriSURE Fund and EV2 Ventures. The funds will fuel the company’s geographical expansion, product diversification, team growth, and technology enhancement as it scales its farm-to-fork operations across India.

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

Backing from AgriSURE Fund and EV2 Ventures

The AgriSURE Fund, managed by NABVENTURES Limited under the aegis of the Ministry of Agriculture and Farmers Welfare (MOA&FW) and NABARD, made its maiden investment in Fambo through this round.

Vikas Bhatt, Managing Director at NABVENTURES, said the investment aligns with the fund’s goal to promote technology-led agri solutions that connect farmers to markets efficiently.

“Fambo is modernizing the B2B agri supply chain by bridging the gap between farmers, FPOs, and the growing QSR and HoReCa ecosystem,” Bhatt said. “Its farm-to-fork model and tech-driven logistics are crucial for the future of India’s food service infrastructure.”

Karan Mittal, Managing Partner at EV2 Ventures, added that Fambo’s focus on automation, quality control, and traceability makes it a key player in transforming the HoReCa supply chain.

“Resilient supply chains are vital for the HoReCa industry. Fambo’s automated processing and tech-enabled sourcing are redefining efficiency and transparency in the sector,” he said.

CEO’s Vision: Expanding Reach and Strengthening Tech Stack

Akshay Kumar Tripathi, Co-Founder and CEO of Fambo, expressed optimism about the company’s next phase of growth.

“This investment validates our model and provides access to a strong agri-tech network. We aim to scale operations nationwide, enhance our technology, and build a talented team to drive sustainable growth,” he said.

Tripathi emphasized Fambo’s mission to tackle food accessibility challenges and strengthen India’s agri supply chain ecosystem.

Fambo’s Growth and Business Model

Founded in 2022, Fambo has become a pioneer in food solutions for the HoReCa sector—serving over 1,000 restaurants and cloud kitchens across North and Central India. Its client list includes Burger King, McDonald’s, Barbeque Nation, California Burrito, Burger Singh, and Nomad Pizza.

Fambo’s competitive advantage lies in its deep farm partnerships, spanning 75+ acres of GAP-certified farms. The startup engages with farmers from crop planning to delivery, ensuring traceability, premium quality, and consistency.

Tech-Enabled Food Supply Chain and Processing

Fambo operates a state-of-the-art micro-processing centre in Noida, equipped with advanced automation and global certifications. It also maintains a temperature-controlled cold chain and uses AI-powered logistics planning to minimize wastage and optimize delivery routes.

With a team of in-house chefs and food technologists, the company also collaborates with clients to co-develop customized ingredients and menu items, further strengthening long-term partnerships.

Financial Performance and Future Outlook

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

With fresh capital and strategic partnerships, Fambo plans to expand its presence across major Indian cities, enhance its tech-driven processing infrastructure, and increase farmer participation in its growing network.

FAQs About Fambo’s Latest Fundraise

1. What is the total amount raised by Fambo in its latest round?
Fambo raised ₹21.55 crore in its latest funding round led by AgriSURE Fund and EV2 Ventures.

2. How will Fambo use the newly raised funds?
The funds will be used for geographical expansion, product diversification, hiring, and strengthening its technology and supply chain.

3. Who are Fambo’s major investors?
AgriSURE Fund (managed by NABVENTURES Limited) and EV2 Ventures are the lead investors in this round.

4. What makes Fambo unique in the HoReCa food supply space?
Fambo integrates farm-level sourcing with automated processing and AI-driven logistics, ensuring quality, traceability, and efficiency for restaurant partners.

5. What are Fambo’s future plans?
Fambo aims to expand nationwide, develop new product lines, and achieve ₹50 crore ARR by mid-FY26 while maintaining profitability.