Indian Agri-Tech Startup Fambo Secures ₹21.55 Crore Series A Funding for Nationwide Expansion

Fambo, a Noida-based startup in the agri-supply chain sector, has successfully raised ₹21.55 crore in a Series A funding round. The investment was led by AgriSURE Fund, managed by NabVentures, with participation from EV2 Ventures. This funding is earmarked for expanding Fambo's operations nationwide, moving beyond its current base in North India to cover Western and Southern regions of the country. The company plans to enhance its technology infrastructure, grow its product offerings, and scale its team. Fambo provides fresh and semi-processed ingredients to over a thousand restaurants and cloud kitchens, including major chains like McDonald's, Burger King, and Barbeque Nation. It utilizes AI-optimized logistics and micro-processing centers to manage the farm-to-fork supply chain efficiently, significantly reducing wastage and ensuring consistent quality. Fambo achieved profitability in the second half of FY25 and is targeting ₹50 crore in revenue by the end of FY26, focusing on sustainable and profitable growth. The partnership with NabVentures aims to deepen its integration within India's agri ecosystem.

Impact: This funding round highlights strong investor confidence in India's agri-tech and food supply chain innovation. Fambo's expansion could improve supply chain efficiency for major food service providers, potentially impacting their operational costs and product consistency. It signifies the growing adoption of technology in agriculture to address issues like waste and quality. Rating: 7/10.

Difficult Terms: Agri-supply chain: The entire process of producing and delivering agricultural products from the farm to the consumer. Series A funding: The first round of venture capital financing a startup receives after its initial seed funding, used to grow the business. Cloud kitchens: Kitchens that prepare food solely for delivery or takeout, without a physical dining space for customers. Micro-processing centres: Small-scale facilities designed for food processing, often strategically located for operational efficiency. AI-optimised logistics: The use of artificial intelligence to manage and improve the efficiency of transporting and distributing goods. Farm-to-fork: Refers to the complete journey of food from its origin on the farm to the consumer's plate. FY25 / FY26: Fiscal Year 2025 and Fiscal Year 2026, referring to the financial year running from April 1, 2025, to March 31, 2026, and April 1, 2026, to March 31, 2027, respectively, in the Indian context. Hardware automation: The use of machines and robotic systems to perform tasks in a production process automatically, increasing efficiency and reducing manual labor. Traceability systems: Technologies and processes that track and record the history and location of a product as it moves through the supply chain. NABARD: National Bank for Agriculture and Rural Development, an Indian financial institution that provides credit and other facilities for agriculture and rural development.