Fambo, a foodtech startup, has secured INR 21 Crore in a Pre-Series A funding round, led by EV2 Ventures and joined by investors like Rajesh Sawhney and several Ultra High Net Worth Individuals (UHNIs).
This funding represents a key moment for the company, which focuses on cutting down food waste, boosting farmer incomes, and delivering innovative food solutions to the market.
Launched in March 2022, Fambo bridges the gap between farmers and food businesses like hotels, restaurants, and cloud kitchens through its AI-powered platform. This system ensures fresh produce, reduces waste, and maintains product quality. The company also operates a high-tech Micro-Processing Centre, offering semi-processed food products that help businesses save costs, improve operational consistency, and simplify their workflows.
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With this new round of funding, Fambo plans to expand its reach across India, launch an export vertical, invest in advanced technology, and grow its network of partner farms. Currently, the startup supplies over 500 restaurants and cloud kitchens, including well-known names such as McDonald’s, Burger King, Farzi Café, and Barbeque Nation. Karan Mittal, General Partner at EV2 Ventures, praised Fambo’s digital-first approach, emphasizing how the company streamlines the supply chain by eliminating intermediaries, benefiting both restaurants and farmers.
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The company’s growth strategy centers on its unique PDP (Platform-Delivery-Product) model, combining tech, efficiency, and sustainability. Fambo’s AI-powered platform helps restaurants manage their supply chain, while its Micro-Processing Centre in Noida produces value-added items like pre-cut vegetables, sauces, and frozen goods. These innovations reduce preparation time, improve consistency, and lower waste. Fambo, which turned profitable in Q3 FY 2024-25, generated INR 18 Crore in revenue in 2024. Looking ahead, it plans R&D collaborations with universities to expand its product range and serve more customers.
