Fambo Secures Rs 21.55 Crore to Revolutionize the HoReCa Supply Chain

Agritech startup Fambo has raised Rs 21.55 crore from AgriSURE Fund and EV2 Ventures to expand its business. Founded in 2022, Fambo supplies fresh and semi-processed food products to the HoReCa industry and cloud kitchens. The funding will aid in geographic expansion, product line diversification, and technology development.

In a significant development for the agritech sector, startup Fambo has successfully raised Rs 21.55 crore to bolster its operations. This funding injection comes from AgriSURE Fund and EV2 Ventures, signaling robust investor confidence in Fambo's vision and model.

Since its inception in 2022, Fambo has been focusing on supplying fresh produce and semi-processed products to the Hotel, Restaurant, and Café industry, including cloud kitchens. The company aims to address food accessibility challenges with its innovative approach.

The newly raised capital is earmarked for geographical expansion, diversification of product lines, and enhancement of Fambo's technological infrastructure. 'At Fambo, we are committed to scaling our operations and building a talented team to achieve our goals,' expressed Akshay Kumar Tripathi, Co-Founder & CEO of Fambo.

(With inputs from agencies.)