Fambo, a Noida-based food solutions startup, has raised ₹21.55 crore in its Series A funding round led by AgriSURE Fund (managed by NabVentures), with participation from EV2 Ventures.
The fresh funds raised will be used for geographical expansion, product line diversification, team building, and strengthening its technology stack.
This marks its second fundraise in 2025, following a ₹21 crore round in January led by EV2 Ventures and a clutch of ultra-high-net-worth individuals.
Founded in March 2022 by Akshay Tripathi and Sudarshan Satle, Fambo provides fresh produce and semi-processed food products to restaurants, hotels, and cloud kitchens in the HoReCa sector. The startup claims to serve over 1,000 outlets across North and Central India, including major food chains such as McDonald’s, Burger King, Burger Singh, California Burrito, Nomad Pizza, and Barbeque Nation.
Fambo sources produce directly from its network of farms covering 75 acres of GAP-certified farmland. Using artificial intelligence, the company ensures complete traceability and optimises supply chain and logistics planning. Its Noida-based processing facility delivers cut, chopped, frozen, and ready-to-cook ingredients, helping restaurants maintain consistency and quality.
The startup also works closely with food brands to co-develop menu components through its team of chefs.
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 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, 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 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 modernise India’s food service infrastructure and unlock value for both producers and consumers. As demand for standardised, 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, said, “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”
