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Funding · Agriculture & Food Systems

Fambo raises $2.4 Mn in Series A

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Date
Company
Fambo
What it does
Agri-food supply chain for QSRs
Kind
Funding
Amount
$2.4 Mn
Stage
Series A
Based in
Delhi-NCR
Founded
2022
Sector
Agriculture & Food Systems

What they do

Fambo processes farm produce into ready-to-use formats for restaurant chains

What happened

It raised $2.4 Mn in a Series A round led by Nabvenutres with EV2 Ventures

Why it matters

The startup is profitable and serves 50+ clients including Burger King and McDonald's

The details

  • Fambo, a Delhi-NCR-based agri-food supply chain startup, raised $2.4 Mn in a Series A round.
  • The round was led by Nabvenutres, with participation from EV2 Ventures.
  • Founded in 2022, Fambo processes agricultural produce into customised ready-to-use formats.
  • Its clients include 50+ institutional customers such as Burger King, McDonald's, and Barbeque Nation.
  • The company has been net profitable since November 2024.
  • Fambo reported ₹20 Cr revenue in FY25.

The bigger picture

  • The Indian QSR industry is projected to grow from $27.80 Bn in 2026 to $47.28 Bn by 2031.
  • QSRs waste 4-10% of purchased food before it reaches the table.
  • India's agri supply chain loses 25-35% of produce, highlighting the need for efficient processing.

About the business

  • Fambo processes agricultural produce into cut, chilled, frozen, pre-cooked, or base-processed products.
  • It serves 50+ institutional clients, including major QSR and dining chains.
  • Revenue mix: ~60% from large QSR/dining chains, ~30% from quick commerce, and the rest from food processors and standalone outlets.
  • The company works with ~5,000 farmers through FPOs (Farmer Producer Organisations).
  • Technology includes forecasting models, weather sync, and automated production planning.
  • Preservation relies on freezing over chemicals and a controlled-vacuum process.
  • Fambo maintains wastage below 2% and offers 40 SKUs (stock-keeping units).

The deal

Type
Series A

Investors

  • Nabvenutres (lead)
  • EV2 Ventures (participated)

Founders

  • Akshay Tripathi, Founder
  • Sushant Kumar, Co-founder

About Fambo

Product
Noida-based food solutions startup
Customers
Restaurants, hotels, and cloud kitchens in the HoReCa segment.
How it makes money
It sells farm-sourced produce and semi-processed food products through a B2B supply model.
What sets it apart
Uses an AI-enabled traceability system and a temperature-controlled supply chain.

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