Noida-Based Food Startup Fambo Raises ₹21.55 Crore for India-Wide Expansion

Noida-based agritech startup Fambo has raised Rs 21.55 crore in a fresh funding round led by AgriSURE Fund and EV2 Ventures to expand its operations. Founded in 2022, Fambo supplies fresh produce and semi-processed food products to the HoReCa sector and cloud kitchens, serving over 1,000 outlets including major chains like McDonald's and Burger King. The company plans to use the new capital to expand geographically, diversify its product portfolio, strengthen its technology stack, and build its team. Fambo leverages AI for traceability and supply chain optimization and operates a temperature-controlled supply chain and processing facility in Noida to ensure consistent quality. Having reported Rs 20.3 crore in revenue for FY25, the startup aims to reach Rs 50 crore in annual recurring revenue by mid-FY26 while remaining profitable. Investors view Fambo as a key player addressing food accessibility challenges and enhancing the reliability of ingredient supply in India's expanding food service industry.