COMPANY INTELLIGENCE PROFILE
Fambo Innovation Private Limited
Fambo (operating name of Fambo Innovation Private Limited) is a Noida-based Agritech/Foodtech startup founded in 2022 by Akshay Tripathi and Sudarshan Satle.
Fambo Innovation Private Limited, based in Noida, operates in the Agritech/Foodtech sector since its inception in March 2022. Founded by Akshay Tripathi and Sudarshan Satle, the company distributes fresh produce and semi-processed food to over 1,000 restaurant outlets in North and Central India. In FY2025, the company reported revenue of ₹20.3 crore. Fambo has raised $4.80 million across two funding rounds, supporting regional expansion and product diversification.
AI-generated, may contain errors.
Business Overview
- Fambo, operating name of Fambo Innovation Private Limited, is a Noida-based Agritech/Foodtech startup founded in 2022 by Akshay Tripathi and Sudarshan Satle.
- It is a tech-enabled fresh-produce and semi-processed food distributor for the HoReCa, Hotel/Restaurant/Catering, segment — supplying fresh fruits & vegetables, sourced from GAP-certified farms, plus value-added/cut/frozen products and prepared ingredients, sauces, gravies, to QSRs, specialty restaurants, cloud kitchens, hotels, caterers, canteens and modern trade.
- Claims to serve 1,000+ restaurant outlets across North & Central India including McDonald's, Burger King, Burger Singh, California Burrito, Nomad Pizza and Barbeque Nation, handling ~12,000 tonnes of produce annually.
- Uses an AI-driven platform for demand prediction/crop monitoring to reduce food waste.
- Recognized DPIIT Startup., Sources: fambo.in, Inc42, Tracxn, Entrackr
Sector & Classification
Computer/IT-related services per MCA NIC code (Tofler: "Computer Related Services"; TheCompanyCheck: "Information Technology; IT Consulting & Support Services") — legacy NIC classification from incorporation; actual operating business is Agritech/Foodtech (see business_overview) — classic case of MCA NIC code not reflecting current business, flagged as gap
Directors & Key Management
Directors — source notes
Three directors identified, with some conflict on nominee director's current status: - Akshay Kumar Tripathi — DIN 09529603 — Director since 08 Mar 2022 (confirmed by Tofler, Falconebiz, TheCompanyCheck — 3 sources agree) - Sudarshan Satle — DIN 10051683 — Director since 21 Feb 2023 (confirmed by Tofler, Falconebiz, TheCompanyCheck — 3 sources agree) - Karan Vinay Mittal — DIN 06482693 — Nominee Director, appointed 11 Nov 2024 (per TheCompanyCheck and one WebSearch aggregator; NOT listed by Tofler/Falconebiz in the same snapshot, possibly resigned/rotated or a timing difference between source refresh dates) — partial confirmation
GST Registrations
Primary GSTIN: 09AAECF9571A1ZL (Uttar Pradesh), status Active, registered 13 April 2022, single registration (1 state, per Falconebiz GST page and one aggregated WebSearch result). PAN root AAECF9571A consistent with TheCompanyCheck's independently-masked PAN "AAECF*****". Home state: Uttar Pradesh. Number of registrations: 1 (only UP shown across all sources — no other state GSTINs found). Could not independently verify via knowyourgst.com (page required live GSTIN input, not fetchable as static page) — classify as partial confirmation (2-source agreement on PAN root + 1 direct source for full GSTIN).
Financials
Fambo Innovation Private Limited reported a revenue of ₹20.3 Cr for FY2025, marking a 12% YoY increase. The company maintains a net profit margin of 13.39% and has no borrowings. The employee count ranges between 31 and 34.
AI-generated, may contain errors.
| FY2025, year ended 31 Mar 2025, standalone, per Tofler/TheCompanyCheck/Tracxn, multiple sources agree on revenue figure: | |
| Revenue | ₹20.3 Cr, TheCompanyCheck states ₹20.28 Cr precisely, up ~12% YoY from FY24's ₹18.1 Cr, per Tracxn-sourced aggregator |
| EBITDA | growing at ~40% CAGR per Tofler snippet, but absolute figure locked behind paid tier on all sources — not obtained |
| PAT/Net Profit | Net profit margin cited as 13.39% by one Tofler-derived aggregator, unverified against a second source, — treat as partial/unconfirmed |
| Net Worth | not obtained, no source disclosed it |
| Borrowings | Reported as nil / "no open charges", Falconebiz: "No registered charges"; TheCompanyCheck: "Borrowings: None"; Tofler snippet mentions a "-94% decline" in borrowings, consistent with near-zero, — reasonably confirmed |
| Employee count | ~31-34 employees, varies by source/date: 31 as of Aug 2025 per Tofler-family sources, 34 per EPFO data Apr 2024 cited by TheCompanyCheck, 72 per one Inc42-aggregator estimate — inconsistent, flagged as gap |
| Note | none of the fetched sources explicitly state "standalone" vs "consolidated"; given it's a single operating entity with no disclosed subsidiaries, presumed standalone. |
Funding History
- Total funding: reported as $4.80M across 2 rounds by most sources (Inc42), though one Tracxn-derived WebSearch snippet stated "$7.45M over 10 rounds from 20 investors" — this figure looks anomalous/likely conflated with a different entity or aggregation error
- Treat the $4.80M/2-round figure as more reliable, directly corroborated by multiple dedicated funding-news sources.
- Rounds:
- 1. ~Jan 2025 — ₹21 Cr (~$2.4M) seed round led by EV2 Ventures, with participation from GSF Accelerator's Rajesh Sawhney and other UHNIs, Inc42, businessoutreach.in
- 2.
- 28-29 Oct 2025 — ₹21.55 Cr (~$2.4M) Series A led by AgriSURE Fund, managed by NABVENTURES, an MOA&FW/NABARD-anchored agri-fund, with participation from EV2 Ventures, Entrackr, Indian Retailer, Mediabrief, Indian Startup Times — 4+ sources agree, well-confirmed
- Use of funds: regional expansion, product-line diversification, team growth, tech upgrades.
Loans & Charges
- No registered charges found — Falconebiz explicitly states "No registered charges" on company assets
- TheCompanyCheck corroborates with "Borrowings: None, no open charges." Confirmed, 2 sources agree, — company appears equity-funded with no secured debt on record.
Credit Ratings
- None found — no CRISIL, ICRA, or CARE rating located for Fambo Innovation Private Limited in targeted searches.
- Consistent with a small, recently-funded private startup with no disclosed bank borrowings/charges, which would typically trigger a rating requirement.
Competitive Landscape
- Agritech/B2B fresh-produce and HoReCa supply-chain peers, per Tracxn-derived comparison and general market data:
- 1. Ninjacart — India's largest B2B fresh-produce supply chain platform; ~$370M total funding — much larger scale
- 2. WayCool Foods — farm-to-retail/HoReCa distribution; ~$307M funding — much larger scale
- 3. DeHaat — full-stack agritech, one of few profitable players; ~$270M funding — much larger scale
- 4. Crofarm — farm-to-business fresh produce supply chain — comparable/adjacent scale
- 5. Innoterra — agri-commerce/traceable sourcing platform — comparable/adjacent scale
- 6. Otipy — direct-to-consumer/B2B fresh produce, reportedly wound down operations, — cautionary comparable, smaller/failed scale
- Fambo itself is early-stage, Seed/Series A, ~$4.8M raised, ₹20 Cr revenue, — meaningfully smaller than the top 3, Ninjacart/WayCool/DeHaat, and closer in scale to Crofarm/Innoterra.
Frequently Asked Questions
What does Fambo Innovation Private Limited do?
Fambo Innovation Private Limited is a Noida-based Agritech/Foodtech startup, operating under the name Fambo. It distributes fresh produce and semi-processed foods to the HoReCa segment, serving over 1,000 restaurant outlets across North and Central India and handling about 12,000 tonnes of produce annually.
What is the CIN of Fambo Innovation Private Limited?
The CIN of Fambo Innovation Private Limited is U72900UP2022PTC160501.
What is the GSTIN of Fambo Innovation Private Limited?
The primary GSTIN of Fambo Innovation Private Limited is 09AAECF9571A1ZL, registered in Uttar Pradesh.
When was Fambo Innovation Private Limited incorporated?
Fambo Innovation Private Limited was incorporated on 08 March 2022.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.