Fambo, a Noida-based food solutions startup, has secured ₹21.55 crore in fresh funding to scale its operations, expand its reach, and strengthen India’s fragmented HoReCa (Hotels, Restaurants, and Cafés) supply chain. The latest round comes from AgriSURE Fund, with participation from existing investor EV2 Ventures. This new investment marks another milestone for the young startup, which continues to grow rapidly in the Indian food and agritech ecosystem.
A Young Startup with an Ambitious Vision
Founded in 2022, Fambo started with a clear goal: to transform how restaurants, hotels, and cloud kitchens source their ingredients. The founders identified a major gap in the HoReCa supply chain — inconsistent quality, high wastage, and lack of traceability. Many kitchens struggled to procure standardized and fresh ingredients directly from farms or reliable suppliers. Fambo decided to solve this by building a transparent and technology-driven supply platform that connects farmers, processors, and food businesses under one umbrella.
Fambo’s model emphasizes freshness, efficiency, and consistency. The company sources produce directly from farms, processes it in its own facilities, and delivers semi-prepared or ready-to-use ingredients to professional kitchens. This approach reduces wastage, improves food safety, and allows chefs to focus on creativity instead of procurement headaches.
Funding and Growth Milestones
Fambo’s new ₹21.55 crore funding round adds momentum to an already impressive year. Earlier in January 2025, the startup raised around ₹21 crore in a pre-Series A round led by EV2 Ventures. That round helped Fambo expand its processing capabilities and strengthen its supplier network. The latest investment gives the company more firepower to accelerate its mission of building a reliable, farm-to-kitchen ecosystem.
The team plans to use this funding for several key initiatives. First, they intend to expand geographically. Fambo currently operates in select North Indian cities, but it now aims to enter major metros like Mumbai, Bengaluru, and Hyderabad. These markets hold enormous demand for organized food solutions, especially among rapidly growing restaurant chains and delivery kitchens.
Second, Fambo will invest in technology. The company’s founders understand that efficient logistics and predictive analytics can redefine the food supply chain. They plan to enhance their digital platform, integrate farm-level data, and use artificial intelligence to predict demand and manage inventory more accurately. This will reduce wastage and improve delivery timelines.
Third, the company will focus on product diversification. Fambo already supplies fruits, vegetables, and semi-processed food items, but it now plans to introduce a wider range of value-added products such as sauces, pre-cut meats, and frozen goods. These additions will allow it to become a one-stop shop for the HoReCa industry.
Finally, the startup will use part of the funds to strengthen its team. Skilled professionals in operations, technology, and supply chain management will help the company execute its ambitious plans effectively.
Solid Financial Performance and Growth Plans
Fambo’s strong financial performance has caught investors’ attention. The company reported a revenue of ₹20.3 crore for FY25, demonstrating consistent month-on-month growth. With this new funding, Fambo aims to reach an annual recurring revenue (ARR) of ₹50 crore by the second quarter of FY26. Unlike many early-stage startups that focus solely on top-line growth, Fambo has managed to remain profitable. The team credits this success to its efficient procurement practices, lean operations, and disciplined cost control.
The company’s focus on profitability gives it a significant edge in an industry often plagued by thin margins. By maintaining positive unit economics while scaling, Fambo demonstrates that sustainable growth in the food-tech space is achievable. Investors believe that this financial discipline sets Fambo apart from many competitors who struggle with high operational costs and inventory losses.
A Booming Market Opportunity
The Indian HoReCa market is expanding rapidly. Restaurants and cloud kitchens have multiplied across major cities, driven by rising disposable incomes and changing consumer preferences. Yet, the supply chain that feeds these businesses remains largely unorganized. Kitchens often rely on multiple vendors for their daily requirements, leading to inefficiencies, inconsistent quality, and inflated costs.
Fambo’s model fits perfectly into this environment. By offering fresh, processed, and ready-to-cook ingredients sourced directly from farmers, it simplifies procurement and ensures quality. Chefs can depend on consistent supplies while restaurants reduce the time and labor required for food preparation. This model saves money and supports farmers by giving them stable demand and fair pricing.
India’s agritech and food-tech sectors have seen a surge of investor interest over the past few years. Consumers now demand transparency and traceability in their food, and businesses want reliability in their supply chains. Fambo operates at the intersection of these two needs. Its farm-to-kitchen model ensures both transparency for end-users and efficiency for food businesses.
Investors’ Confidence and Strategic Vision
AgriSURE Fund, the lead investor in this round, focuses on early-stage startups working in agriculture, food processing, and sustainable supply chains. The fund’s decision to back Fambo highlights confidence in the company’s business fundamentals and growth potential. EV2 Ventures, which reinvested in this round, continues to support Fambo’s long-term vision.
The founders have also built trust by executing efficiently. They expanded capacity, improved sourcing, and launched new processing units within months of their first funding round. Their ability to deliver measurable results inspired confidence among investors and customers alike. AgriSURE’s participation also signals the growing alignment between impact-driven investment and commercial success in the agrifood sector.
Technology as the Core Driver
Technology forms the backbone of Fambo’s operations. The company uses digital platforms to manage everything from farm sourcing to last-mile delivery. Its system tracks produce from harvest to kitchen, ensuring traceability and freshness. The tech platform also enables real-time communication with customers, allowing chefs to adjust orders quickly and track deliveries.
The company now plans to integrate predictive analytics into its supply chain. By analyzing order history and seasonal demand patterns, Fambo can optimize procurement and production. This predictive capability will help reduce food waste, a persistent problem in India’s food supply chain. It will also enhance customer satisfaction by improving consistency and delivery speed.
Challenges Ahead
Despite its growth, Fambo faces challenges typical of the food supply chain industry. Managing perishables demands precision and coordination. Any delay in logistics can lead to spoilage and losses. Building a cold-chain infrastructure that supports scale remains capital-intensive. The company must maintain strict quality control as it expands into new regions.
Competition also poses a challenge. Several startups and established players operate in the B2B food supply space. To stay ahead, Fambo must continue innovating and offering superior value to its customers. The key lies in balancing growth with operational efficiency.
A Promising Future
Fambo’s latest funding round underscores its strong position in India’s evolving food-tech ecosystem. The startup operates at the intersection of agriculture, technology, and hospitality — three sectors that hold immense potential. By empowering farmers, streamlining supply chains, and supporting restaurant businesses, Fambo adds value across the food ecosystem.
With new capital, a focused strategy, and a technology-first approach, the company looks ready to become a leader in India’s organized food solutions market. If it executes its plans effectively, Fambo could set a new benchmark for efficiency and sustainability in the HoReCa supply chain. Its journey reflects the broader shift in India’s food economy — from fragmented operations to integrated, tech-driven ecosystems.
Fambo’s growth story shows how innovation and execution can transform traditional industries. The company’s founders built more than a business; they built a model that can redefine how India eats, cooks, and sources its food.
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