Fambo eyes nationwide expansion after ₹21.55 crore Series A funding

India’s growing appetite for high-quality, farm-fresh food is driving a new wave of innovation in the country’s agri supply chain — and Noida-based startup Fambo is emerging as one of its key disruptors.

The food solutions company, which supplies fresh and semi-processed ingredients to over a thousand restaurants and cloud kitchens, including McDonald’s, Burger King and Barbeque Nation, has raised ₹21.55 crore in a Series A funding round led by AgriSURE Fund, managed by NabVentures, along with EV2 Ventures.

Speaking to CNBC-TV18, Akshay Tripathi, Co-Founder and CEO of Fambo, said the funding marks a key milestone in the company’s growth journey as it prepares to expand operations beyond North India. “We plan to use this funding to scale up our operations across India. Currently, we operate in North India — not just NCR but also states like Delhi and Punjab. We will now expand to the western region — Maharashtra and Gujarat,” Tripathi said.

The company, which started operations in 2022, runs micro-processing centres — or cooling units — in key city locations to manage the farm-to-fork supply chain efficiently. Backed by a network of 5,000 farmers, Fambo’s system enables rapid, order-based production and quick fulfilment for its food service clients. “We help them maintain optimal inventory levels, reduce wastage, kitchen workload, and rental costs, while ensuring consistent taste across outlets,” Tripathi explained.

As part of its next phase of growth, Fambo plans to enhance its technology stack, expand its team, and grow its product range. “The funds will be deployed for geographical and product expansion,” Tripathi said, adding that the company is also eyeing new markets in the south of India after strengthening its presence in the west.

Fambo’s tech-driven approach is a core differentiator in India’s fragmented agri supply chain, where inefficiencies often lead to massive wastage. “In India’s food domain, about 30% of agricultural produce goes to waste. Our AI-optimised logistics ensure minimal wastage and help clients get the right product at every outlet,” Tripathi noted.

The company achieved profitability in the second half of FY25 and is now targeting ₹50 crore in realised revenue by the end of FY26. “We intend to continue growing profitably. That’s part of our vision. Profitability remains a major driver — we want to grow sustainably, generate shareholder returns, and expand our food solutions offerings across new customers and geographies,” he said.

With the fresh capital, Fambo also plans to invest in hardware automation and AI-led quality and traceability systems to improve production efficiency.

Tripathi said the partnership with NabVentures and AgriSURE Fund would also help deepen Fambo’s integration with India’s agri ecosystem. “This partnership gives us access to NABARD’s network and existing schemes that can now be extended to farmers via us. It has significantly accelerated our progress,” he added.

As India’s food service industry continues to expand, Fambo aims to modernise the country’s farm-to-fork infrastructure with its AI-powered supply chain and scalable operating model — one that connects farmers, processors, and restaurants in real time.

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