India, Oct. 29 -- Agritech startup Fambo has raised INR 21.5 Cr (about $2.4 Mn) in a fresh funding round led by AgriSURE Fund, with participation from EV2 Ventures.

The Noida-based startup plans to utilise a large chunk of the fresh capital to expand beyond Northern India and into western and southern regions. In the near future, Fambo also bids to expand into export markets and has made a pilot shipment to Nepal.

It also plans to enhance its AI-powered demand prediction system, which helps restaurants avoid overstocking or understocking. The rest of the capital will be earmarked for hiring its team across functions like sales, technology and operations..

This is Fambo's second fundraise of 2025, following a similar sized round in Janu...