Asia Education Review Team

• Noida-based food solutions startup Fambo raises Rs 21.55 crore from EV2 Ventures and AgriSURE Fund to accelerate expansion, product diversification, and tech platform enhancement.
• Backed by NABARD’s AgriSURE Fund, the investment aims to strengthen Fambo’s farm-to-fork supply chain and empower farmers through tech-enabled market linkages for the HoReCa sector.
• Serving over 1,000 restaurants, including Burger King and Barbeque Nation, Fambo targets Rs 50 crore ARR by Q2 FY26 while scaling its AI-driven, temperature-controlled logistics and processing infrastructure.

Noida-based food solutions startup Fambo has secured Rs 21.55 crore in fresh funding from EV2 Ventures and AgriSURE Fund to drive its next phase of growth. The company plans to utilize the capital to expand its geographical footprint, diversify its product offerings, strengthen its technology platform, and build a larger, more capable team to support nationwide scaling.

This marks Fambo’s second fundraise in 2025, following a Rs 21 crore round in January led by EV2 Ventures and a group of ultra-high-net-worth individuals. Expressing optimism about the development, Akshay Kumar Tripathi, Co-Founder and CEO of Fambo, said that the addition of AgriSURE Fund as a new partner not only reinforces confidence in Fambo’s business model but also brings strategic guidance and access to a strong agri-tech ecosystem.

He noted that the company remains deeply committed to solving India’s food accessibility challenge and plans to use the new funds to accelerate operations, enhance its technology stack, and build a high-performing team to support sustainable growth.

Vikas Bhatt, Managing Director of Nabventures Limited, stated that this investment represents the first from the AgriSURE Fund, an initiative backed by the Ministry of Agriculture and Farmers Welfare (MOA&FW) and NABARD. He said the investment aligns perfectly with AgriSURE’s mission to back technology-led, scalable solutions that improve market access for farmers and enhance efficiencies across agricultural value chains.

Fambo is working to consolidate India’s fragmented B2B agri-supply chain by connecting closely with farmers and Farmer Producer Organizations (FPOs), ensuring a consistent supply of quality produce for the rapidly expanding Quick Service Restaurant (QSR) and HoReCa (Hotels, Restaurants, and Cafes) segments.

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The company’s farm-to-fork model, product innovation, and tech-driven logistics represent a modern approach to upgrading India’s food service infrastructure. With demand for standardized and value-added ingredients on the rise, Fambo’s model is positioned to deliver value both to farmers and consumers.

Karan Mittal, Managing Partner at EV2 Ventures, highlighted that robust supply chains form the backbone of a thriving HoReCa industry. He said Fambo’s technology-enabled platform, combined with automated cutting and processing solutions, is transforming the procurement process for QSRs, hotels, and restaurant chains by introducing greater efficiency, transparency, and reliability to a traditionally fragmented sector.

Founded in 2022, Fambo has quickly emerged as a leading supplier of fresh farm produce and semi-processed food items, helping restaurants maintain quality and consistency at scale. The company currently serves over 1,000 restaurants and cloud kitchens across North and Central India, including major clients such as Burger King, McDonald’s, California Burrito, Burger Singh, Nomad Pizza, and Barbeque Nation.

With a network of GAP-certified farms spanning over 75 acres and AI-powered logistics for cold and frozen food delivery, Fambo reported revenues of Rs 20.3 crore in FY25 and is targeting an annualized revenue run rate of Rs 50 crore by the second quarter of FY26 while maintaining profitability.