Fambo, a foodtech startup has raised ₹21 crores in its pre-Series A funding round, led by EV2 Ventures. The round also saw participation from Rajesh Sawhney and several Ultra High Net Worth Individuals (UHNIs).
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.
Akshay Tripathi, Co-Founder & CEO of Fambo, said, “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.”
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.”
Karan Mittal, General Partner at EV2 Ventures, said, “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.”
Founded in March 2022 by Akshay Tripathi and Sudarshan Satle, Fambo connects farmers directly with restaurants, hotels, and cloud kitchens through its AI-enabled platform, ensuring fresh produce, minimizing waste, and maintaining quality.
With its AI-enabled platform, the company ensures traceability of fresh produce from farms to restaurants, adhering to food safety standards. Fambo’s product portfolio includes fresh produce, sauces, gravies, frozen items, and fried products, catering to diverse customer needs.
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.
The company works with 75 acres of GAP-certified farms and collaborates with Farmer Producer Organizations (FPOs) to reduce waste and boost farmers’ incomes.
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.
Fambo generated a revenue of ₹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.
