Foodtech startup Fambo has raised 21 crore rupees (US$2.5 million) in a pre-series funding round led by EV2 Ventures, with additional contributions from Rajesh Sawhney and several ultra-high net worth individuals.

The funding will be used to expand operations across India, establish an export vertical, enhance technology, and grow its network of partner farms.

Founded in March 2022, Fambo connects farmers with restaurants, hotels, and cloud kitchens through an AI-enabled platform.

The company also runs a micro-processing center in Noida, where it offers semi-processed food items such as pre-cut vegetables and sauces.

This initiative aims to reduce costs and waste for food service businesses.

Fambo currently serves over 500 clients, including well-known brands like Burger King, McDonald’s, and Barbeque Nation.