Fambo Secures Fresh Funding of ₹21.55 Crore from AgriSURE Fund and EV2 Ventures

New Delhi, October 29: Fambo has recently raised ₹21.55 crore in fresh funding from AgriSURE Fund and EV2 Ventures. As an agritech startup, it aims to use the fund to scale up its operations and strengthen its technology infrastructure.

Fambo is an agriculture startup that specialises in supplying fresh produce and semi-processed food products to the HoReCa (Hotels, Restaurants, and Cafés) sector as well as cloud kitchens. The company was founded in 2022 and has been on an upward journey with solid financial performance, and has performed well in the fiscal year 2024–25. The company reported ₹20.3 crore in revenue in the fiscal year 2024-25, which highlights that there is steady growth potential for the young agritech company.

Funding to Drive Expansion and Innovation

The company has stated that the ₹21.55 crore fresh funding will be utilised for geographical expansion, product line diversification, team building, and enhancing its technology stack. Prior to this, the company raised ₹21 crore in January 2025. That funding round was led by EV2 Ventures along with participation from a group of ultra-high-net-worth individuals (UHNIs).

CEO’s Statement

Showing enthusiasm towards the fresh funding, Akshay Kumar Tripathi, Co-Founder and CEO of Fambo, said, “The company remains focused on addressing the food accessibility challenge.” Talking about the latest funding, he further added, “The latest funding would help Fambo expand nationwide, strengthen its technology, and build a capable team to support the next phase of growth.”

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