Fambo raises Rs 21.55 Cr Series A round led by AgriSURE Fund

Fambo, a Noida-based food solutions startup, has raised Rs 21.55 crore in a Series A round led by AgriSURE Fund (managed by NABVENTURES Limited), with participation from EV2 Ventures. 

This is Fambo’s second fundraise in 2025, following a Rs 21 crore round in January backed by EV2 Ventures and individual investors.

The proceeds will be used to expand into new regions, diversify product lines, grow its team, and upgrade its technology systems.

Founded in 2022, Fambo supplies fresh produce and semi-processed food products to the HoReCa segment. It claims to serve over 1,000 restaurants and cloud kitchens across North and Central India, including McDonald’s, Burger King, Burger Singh, California Burrito, Nomad Pizza, and Barbeque Nation.

Fambo works with a farm network covering 75 acres of GAP-certified farmland. It supports farmers from crop planning through procurement, ensuring traceability. The company operates a temperature-controlled supply chain for chilled and frozen delivery, supported by AI-based logistics planning.

The startup runs a processing facility in Noida where it produces semi-processed ingredients. It collaborates with food brands through an in-house team of chefs to co-develop menu components.

Fambo competes with food-service suppliers such as WayCool Foods, FreshToHome (B2B), and Ninjacart, focusing on standardized ingredients for restaurants.