Foodtech startup Fambo has successfully closed its ₹21 crore Pre-Series funding round, led by EV2 Ventures, with participation from Rajesh Sawhney and several Ultra High Net Worth Individuals (UHNIs). This marks a significant milestone for the startup, which is disrupting the food supply chain by directly connecting farmers with restaurants, hotels, and cloud kitchens through its AI-enabled platform.
Transforming the Food Supply Chain
Founded in March 2022, Fambo is redefining food sourcing by eliminating middlemen and creating a seamless connection between farmers and food service businesses. Its platform ensures:
- Fresh produce delivered directly from farms.
- Minimized food waste through strategic sourcing.
- Consistent quality with temperature-controlled logistics.
The startup also operates a state-of-the-art Micro-Processing Centre that offers semi-processed food items to help food service businesses reduce costs, streamline operations, and maintain consistency.
Scaling Up with New Investments
With the ₹21 crore funding, Fambo plans to:
- Expand operations across India to serve more markets.
- Establish an export vertical for international opportunities.
- Invest in advanced technology for enhanced efficiency.
- Grow its network of partner farms to support sustainable sourcing.
Currently, Fambo serves over 500 restaurants and cloud kitchens, including major brands like Burger King, McDonald’s, California Burrito, Burger Singh, Farzi Café, and Barbeque Nation.
Leadership and Vision
Karan Mittal, General Partner at EV2 Ventures, shared:
“Fambo’s digital-first approach to delivering traceable and customized assortments through omnichannel distribution, instead of multiple layers of middlemen, benefits not only QSRs and the Horeca industry but also ensures improved earnings for farmers, unlocking benefits on both ends of the supply chain.”
Co-Founder & CEO Akshay Tripathi commented:
“We approached the foodservice industry from the lens of the supply chain, eliminating waste at every step and transforming inefficiencies into value for customers and farmers. Our micro-processing center combines minimal space and high throughput to deliver innovative products that save time, reduce costs, and ensure quality.”
Pioneering Growth Through Innovation
Fambo’s growth strategy is driven by its proprietary PDP (Platform-Delivery-Product) framework, which combines technology, efficiency, and innovation to deliver sustainable results. Its AI-powered platform offers:
- Traceable supply chains for better transparency.
- Strategic sourcing of provisions and ingredients.
- Temperature-controlled logistics for on-time deliveries.
Key Achievements and Future Plans
- Revenue Growth: ₹18 crore in revenue for Calendar Year 2024, achieving profitability in Q3 FY 2024-25.
- R&D Initiatives: Collaborating with Indian and international universities to develop new food categories and enhance customer offerings.
Why Fambo Stands Out
Fambo’s innovative approach bridges the gap between farmers and the foodservice industry, ensuring mutual benefits for both sides of the supply chain. By combining technology with operational excellence, the company is paving the way for a more sustainable, efficient, and transparent food ecosystem.
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