About AM Needs
AM Needs is a company based in Thiruvananthapuram (India) founded in 2019 was acquired by Farmers Fresh Zone in September 2022. AM Needs has raised $63.96 thousand across 2 funding rounds from investors including Farmers Fresh Zone, Pradeep Vasanthakumari Kamalasanan Nair and Prasanth Vasavan Nair Jayakumari. AM Needs operates in a competitive market with competitors including Milkbasket, Daily Ninja, FTH Daily, InsanelyGood and SmileyServe, among others.
- Headquarter Thiruvananthapuram, India
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Amneeds Services Private Limited
- Date of Incorporation 01 May, 2019
- Jurisdiction Thiruvananthapuram, Kerala, India
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Annual Revenue
$279.08 K (USD)0as on Mar 31, 2020
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Net Profit
-$74.31 K (USD)0as on Mar 31, 2020
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EBITDA
-$72.89 K (USD)0as on Mar 31, 2020
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Total Equity Funding
$63.96 K (USD)
in 2 rounds
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Latest Funding Round
$42.36 K (USD), Angel Round
Jan 14, 2020
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Investors
Farmers Fresh Zone
& 2 more
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Employee Count
Employee Count
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Acquired by
Farmers Fresh Zone
(Sep 20, 2022)
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Funding Insights of AM Needs
AM Needs has successfully raised a total of $63.96K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $42.36 thousand completed in January 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Angel Round — $42,360
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First Round
First Round
(26 Jun 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Angel Round - AM Needs | Valuation | Pradeep Vasanthakumari Kamalasanan Nair |
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| Jun, 2019 | Amount | Angel Round - AM Needs | Valuation | Prasanth Vasavan Nair Jayakumari |
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Investors in AM Needs
AM Needs has secured backing from 3 investors, including angel investors. Prominent investors backing the company include Farmers Fresh Zone, Pradeep Vasanthakumari Kamalasanan Nair and Prasanth Vasavan Nair Jayakumari.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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PV
Pradeep Vasanthakumari Kamalasanan Nair |
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Founded Year | Domain | Location |
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PV
Prasanth Vasavan Nair Jayakumari |
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Founded Year | Domain | Location |
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Subscription-based online delivery of fruits and vegetables is provided.
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Founded Year | Domain | Location |
Investments & Acquisitions by AM Needs
Financial Statements - AM Needs
Am Needs Comparisons
Competitors of AM Needs
AM Needs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Milkbasket, Daily Ninja, FTH Daily, InsanelyGood and SmileyServe, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Daily grocery essentials are delivered through an online subscription platform.
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| domain | founded_year | HQ Location |
Daily essentials are delivered through hyper-local subscriptions.
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| domain | founded_year | HQ Location |
Delivers fresh milk, dairy, fruits, veggies, staples via subscription to homes daily.
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| domain | founded_year | HQ Location |
Online platform offering high-quality groceries
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| domain | founded_year | HQ Location |
Online subscription platform for multi-category grocery products.
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Frequently Asked Questions about AM Needs
AM Needs was founded in 2019.
AM Needs is headquartered in Thiruvananthapuram, India. It is registered at Thiruvananthapuram, Kerala, India.
AM Needs is a funded company, having raised a total of $63.96K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $21.6K, raised on Jun 26, 2019.
Annual revenue of AM Needs is $279.08K as on Mar 31, 2020.
AM Needs was founded in 2019 in Thiruvananthapuram, India, operating in the grocery delivery sector. Subscription services are offered for products such as dairy items, batter, baked goods, and half-cooked chapati and paratha from various brands. Deliveries are scheduled within customer-selected time slots, with access available through an Android mobile application. The service focuses on convenient home delivery in the region.
AM Needs's top competitors include Milkbasket, Daily Ninja and FTH Daily.
AM Needs has 3 investors. Key investors include Farmers Fresh Zone, Pradeep Vasanthakumari Kamalasanan Nair, and Prasanth Vasavan Nair Jayakumari.
The valuation of AM Needs is $423.6K as of Jan 2020.