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Fambo raises Rs 21.55 cr funding led by AgriSURE Fund
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Saturday, 01 November, 2025, 13 : 00 PM [IST]
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Our Bureau, New Delhi
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Noida-based food solutions startup Fambo has raised Rs 21.55 crore from AgriSURE Fund and EV2 Ventures to accelerate its next phase of growth. The fresh capital will be used for geographical expansion, product line diversification, team building, and strengthening its technology stack.
This marks its second fundraise in 2025, following a Rs 21 crore round in January led by EV2 Ventures and a clutch of ultra-high-net-worth individuals.
Akshay Kumar Tripathi, co-founder & CEO of Fambo, said, “We are delighted to welcome AgriSURE Fund as partners on our journey. Their confidence in Fambo not only validates our model but also gives us access to strategic insights and a strong agri-tech network. At Fambo, we are deeply committed to solving the food accessibility challenge. With this funding, we aim to scale our operations nationwide, strengthen our technology stack, and build a talented team that will help us successfully scale our operations.”
Vikas Bhatt, managing director, Nabventures Limited, said, “We are delighted to partner with Fambo as our maiden investment from the AgriSURE Fund. This investment strongly resonates with the AgriSURE Fund’s vision an initiative anchored by MOA&FW and NABARD to support technology-led, scalable solutions that create sustainable market linkages for farmers and drive efficiencies across agri value chains. Fambo is playing a pivotal role in strengthening B2B agri supply chain by working closely with farmers and FPOs, enabling seamless access to reliable, quality produce for the rapidly expanding QSR and HoReCa ecosystem. Fambo’s farm-to-fork integration, product innovation and tech-enabled supply chain are exactly the kind of interventions needed to modernise India’s food service infrastructure and unlock value for both producers and consumers. As demand for standardised, value-added ingredients continues to accelerate, we believe Fambo is well positioned to emerge as a category defining player in this space.”
Karan Mittal, managing partner, Ev2 Ventures / Caret Capital, said, “We believe that resilient supply chains are the backbone of a thriving HORECA industry. Fambo’s tech-driven platform and automated cutting & processing for value added products is redefining how QSRs, hotels and chain restaurants, source essentials - bringing efficiency, reliability, and transparency to a sector long plagued by fragmentation. We continue to support this exceptional team as they strengthen India’s Agri Supply Chain ecosystem for the future”
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