Fambo, a foodtech startup revolutionizing the food supply chain, has successfully secured Rs 21 crore ($2.5 million) in a pre-Series A funding round. Led by EV2 Ventures, the round also saw participation from renowned investor Rajesh Sawhney and several high-net-worth individuals. This significant investment will fuel Fambo’s ambitious growth plans, enabling the company to expand its operations across India, establish an export vertical, strengthen its technology infrastructure, and further expand its network of partner farms.
Founded in 2022 by Akshay Tripathi and Sudarshan Satle, Fambo is on a mission to transform the food system through innovative technology. The company’s AI-powered platform plays a crucial role in ensuring the traceability of fresh produce, from its origin on the farm to its final destination at restaurants, hotels, and cloud kitchens. By adhering to stringent food safety standards such as GAP, FSSAI, ISO, and NSF, Fambo prioritizes quality and consumer safety at every stage of the supply chain.
Fambo’s comprehensive product portfolio caters to a wide range of customer needs, encompassing fresh produce, sauces, gravies, frozen items, and fried products. The company’s unique value proposition lies in its direct-to-restaurant model, connecting farmers directly with their end-users. This approach eliminates intermediaries, minimizes waste, and ensures the delivery of the freshest produce while maintaining the highest quality standards.
Furthermore, Fambo operates a state-of-the-art micro-processing center, offering semi-processed food items to its clientele. These value-added products empower food service businesses to reduce operational costs, maintain consistent quality, and streamline their production processes. By providing convenient and high-quality solutions, Fambo aims to enhance efficiency and profitability for its restaurant partners.
This latest funding round marks a significant milestone for Fambo, providing the necessary resources to accelerate its growth trajectory. With the infusion of capital, the company will focus on expanding its geographical reach across India, penetrating new markets, and establishing a robust export vertical to cater to global demand for high-quality, sustainably sourced food products. Additionally, Fambo will leverage the investment to enhance its technology platform, incorporating advanced AI and machine learning capabilities to further optimize its operations and provide an even more seamless experience for its partners.
Fambo’s successful pre-Series A funding round is a testament to the company’s innovative approach to the foodtech sector and its strong potential to disrupt the traditional food supply chain. By leveraging technology, prioritizing quality and safety, and fostering direct farmer-to-restaurant connections, Fambo is creating a more sustainable and efficient food ecosystem. With this significant investment, Fambo is well-positioned to scale its operations, expand its market reach, and solidify its position as a leading player in the evolving foodtech landscape.
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