Foodtech startup Fambo raises Rs 21 Cr in pre-Series A funding

Foodtech startup Fambo has raised Rs 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 proceeds will be utilized to scale its operations across India, establish an export vertical, invest in technology, and grow its network of partner farms, Fambo said in a press release.

Co-founded in 2022 by Akshay Tripathi and Sudarshan Satle, Fambo is a foodtech startup aiming to transform food systems through technology. With its AI-enabled platform, the company ensures traceability of fresh produce from farms to restaurants, adhering to food safety standards such as GAP, FSSAI, ISO, and NSF. The company’s product portfolio includes fresh produce, sauces, gravies, frozen items, and fried products, catering to diverse customer needs.

The Noida-based startup connects farmers directly with restaurants, hotels, and cloud kitchens through its AI-enabled platform, ensuring fresh produce, minimizing waste, and maintaining quality. The company operates a state-of-the-art micro-processing center, offering semi-processed food items to help food service businesses reduce costs, ensure consistency, and streamline operations.

Fambo states that its 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.

Fambo claims to serve over 500 restaurants and cloud kitchens, including major brands like Burger King, McDonald's, California Burrito, Burger Singh, Farzi Café, and Barbeque Nation. It generated a revenue of Rs 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.