Fambo, a Noida-based foodtech startup, has raised ₹21 crore ($2.5 million) in a pre-Series A funding round led by EV2 Ventures, with participation from Rajesh Sawhney and several Ultra High Net Worth Individuals (UHNIs). The company plans to use the funds to scale its operations across India, establish an export vertical, invest in technology, and expand its network of partner farms.
Founded in 2022 by Akshay Tripathi and Sudarshan Satle, Fambo aims to transform food systems through technology, ensuring traceability, sustainability, and quality in the supply chain. Its AI-powered platform connects farmers directly with restaurants, hotels, and cloud kitchens, streamlining the delivery of fresh produce and reducing food waste.
Fambo’s comprehensive product portfolio includes fresh produce, sauces, gravies, frozen items, and fried products, catering to diverse customer requirements. The startup operates a state-of-the-art micro-processing center that provides semi-processed food products, enabling food service businesses to reduce costs, maintain consistency, and streamline operations.
The startup adheres to global food safety standards, including GAP, FSSAI, ISO, and NSF, and ensures traceability of fresh produce from farm to fork. By leveraging AI, Fambo empowers restaurants to manage provisions, purchase ingredients efficiently, and maintain a reliable, temperature-controlled supply chain for on-time deliveries.
Currently, Fambo serves over 500 restaurants and cloud kitchens, including prominent brands such as Burger King, McDonald’s, California Burrito, Burger Singh, Farzi Café, and Barbeque Nation. The company reported a revenue of ₹18 crore in 2024 and turned profitable in Q3 FY 2024-25.
Fambo is also gearing up for R&D collaborations with Indian and international universities to develop innovative food categories, aiming to expand its offerings and customer base. By establishing an export vertical and investing in technology, the company is set to strengthen its presence in the foodtech ecosystem
