Fambo
Overview
Fambo is a climate technology product manufacturing company based in Greater Noida, Uttar Pradesh, India. Founded in March 2022 by Akshay Tripathi and Sudarshan Satle, the company focuses on transforming food systems through technology by minimizing wastage and ensuring the efficient distribution of fresh food products. Fambo leverages AI-driven platforms for supply chain management, serving more than 500 Quick Service Restaurant (QSR) chains and cloud kitchens, including major clients such as Burger King and McDonald's. As of 2024, Fambo has raised INR 21 crore (approximately $2.4 million) in funding to scale its operations across India and has plans to establish an export vertical and expand its network of partner farms.
Recent Developments
- January 2025: Fambo announced securing INR 21 crore in a seed funding round led by EV2 Ventures and participated by multiple ultra-high net worth individuals. The funding aims to bolster its operations, enabling the establishment of an export vertical and further investment in technology.
- This funding round was aimed at expanding Fambo's reach in India, upgrading its micro-processing facilities, and enhancing technology-driven operations.
- The financing allowed Fambo to maintain less than 1% waste by aligning demand with supply effectively.
- Late 2024: Fambo's expansion into the agritech sector gained momentum with a series of strategic initiatives focused on leveraging technology to grow its presence. It strengthened alliances with local partner farms, enhancing capacity and technological integration.
- 2023 5G & Beyond Hackathon: Fambo was a winner in the innovation category, showcasing its advanced solution on transforming food service supply chains, a testament to its pioneering capabilities in agritech.
- Export Achievements: By early 2025, Fambo made significant strides in international markets, marking its first export shipment to a leading global QSR brand.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | March 2022 |
| Headquarters | Greater Noida, Uttar Pradesh, India |
| Founders | Akshay Tripathi, Sudarshan Satle |
| Revenue | INR 18 crore (2024) |
| Key Investors | EV2 Ventures, Rajesh Sawhney |
| Industry | Climate Technology, FoodTech |
| Number of Employees | 11-50 |
Early History
Fambo was conceptualized with a vision to revolutionize the food supply chain by connecting farmers directly with restaurants, hotels, and cloud kitchens. The company was officially incorporated in March 2022 in response to the increasing demand for technology-driven solutions in the agritech sector. It quickly developed a comprehensive AI-driven platform that ensured consistent quality and traceability, thereby addressing one of the food industry's persistent issues: wastage.
Company Profile and Achievements
Fambo’s business model heavily focuses on integration and sustainability, offering a complete package from cultivation to distribution. Its AI software facilitates predictive monitoring and efficient management of inventory across multiple channels.
- *Key Achievements:
- Secured major clients in the food sector by providing a reliable supply chain network.
- Recognized for its commitment to sustainability and innovation, particularly through multiple industry awards.
- Less than 1% wastage achieved, setting new benchmarks in efficiency and sustainability.
- Expanded certified farming area, scaling Global GAP certification substantially in 2024.
Current Operations and Market Position
Fambo operates a micro-processing center that serves more than 500 QSRs and cloud kitchens by providing semi-processed food items. This approach adds value by reducing customer operational costs while eliminating wastage and ensuring consistency. With an emphasis on simplifying the supply chain through technology, Fambo positions itself as a key player in the Indian agritech segment today.
- Market Position:
- A formidable presence in North India, with plans to extend operations further across the country.
- Establishment of strategic partnerships with numerous stakeholders in the supply chain, strengthening efficiency across operations.
Fambo Company Products
Fambo provides high-quality food products ranging from fresh, cut, and processed items to sauces and gravies. Their focus is on delivering freshness and traceability, driven by AI technology to manage supplies efficiently. Their products are designed to meet diverse culinary needs across the restaurant and hospitality sectors.
Fambo Company In India
Fambo's operations are significantly based in India, with a robust network of farms across various regions, ensuring they can deliver on their promise of sustainable and traceable food supplies. The company emphasizes regional growth through technological adoption and expanded local partnerships.
Conclusion
Fambo demonstrates promising potential in the agritech sector through its innovative approach to food supply chain management. By directly connecting farmers with businesses and integrating technology at each level, Fambo has been able to significantly reduce wastage, improve efficiency, and enhance profitability. As it continues to build on a strong foundation of sustainability and technological prowess, Fambo is well-positioned to make a significant impact in the food technology landscape in the years to come.