Funding · Agriculture & Food Systems
Fambo raises $2.4 Mn in Series A
By Startup Enthusiast ·
- 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
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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