VC Fund Investments
Food-tech startup Fambo raises Rs.21-Cr led by EV2 Ventures
Noida based food-tech startup Fambo has raised INR 21 crore (USD 2.5 million) in a pre-Series A funding round led by EV2 Ventures. The round also saw participation from Rajesh Sawhney and other Ultra High Net Worth Individuals (UHNIs).The new funds will be used to scale the firm’s operations across India, establish an export vertical, invest in technology, and grow its network of partner farms.Founded in 2022 by Akshay Tripathi and Sudarshan Satle, Fambo operates a platform that connects farmers directly with restaurants, hotels, and cloud kitchens and helps restaurants manage provisions and purchase ingredients. It claims to serve over 500 restaurants and cloud kitchens, including brands such as Burger King, McDonald's, California Burrito, Burger Singh, Farzi Café, and Barbeque Nation.
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