About AM Needs
AM Needs is a Retail company based in Thiruvananthapuram (India) founded in 2019, and was acquired by Farmers Fresh Zone in September 2022. Subscription-based delivery of grocery products is provided. 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 was last valued at $423.6 thousand in January 2020. Its Indian entity Amneeds Services Private Limited reported revenue of ₹2.04 Cr. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Multi Category. Its competitors include Milkbasket, Daily Ninja and FTH Daily; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Thiruvananthapuram, India
- Stage Acquired
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website amneeds.com
- Social X Facebook
- Acquired by Farmers Fresh Zone (Sep 2022)
- Legal Name Amneeds Services Private Limited
- Date of Incorporation 01 May, 2019
- Jurisdiction Thiruvananthapuram, Kerala, India
- Annual Revenue₹2.04 Cr
FY 2020
- Net Loss-₹54.3 Lakh
FY 2020 · -27% margin
- EBITDA-₹53.3 Lakh
FY 2020 · -26% margin
- Total Equity Funding$63.96K (USD)
in 2 rounds
- Latest Funding Round$42.36K (USD), Angel Round
Jan 2020
- InvestorsFarmers Fresh Zone
& 2 more
- Acquired byFarmers Fresh Zone
(Sep 2022)
Associated legal entities of AM Needs
AM Needs operates through Amneeds Services Private Limited (under process of striking off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Amneeds Services Private Limited CIN U52602KL2019PTC057835 | Under Process Of Striking Off | 01 May 2019 | Thiruvananthapuram, Kerala | ₹2.0 Cr | 3 | View details |
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 $63,960
- Total Rounds 2
- Last Round Angel Round — $42,360
- First Round $21,600
(Jun 2019)
- Investors Count 2
All 2 funding rounds of AM Needs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2020 | $42,360 | Angel Round | $423,597 | Pradeep Vasanthakumari Kamalasanan Nair | – |
| Jun 2019 | $21,600 | Angel Round | $218,924 | Prasanth Vasavan Nair Jayakumari | – |
Last known valuation $423,597 (Jan 2020). 3 investors in total: 1 institutional and 2 angel.
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 |
|---|---|---|---|---|
PV Pradeep Vasanthakumari Kamalasanan Nair | unknown_76229caf20cc461b9 | |||
PV Prasanth Vasavan Nair Jayakumari | unknown_bfb7a9a1c5f7400eb | |||
Subscription-based online delivery of fruits and vegetables is provided. | 2015 | farmersfz.com | Kochi, India |
Investor details for AM Needs
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Verified entity values are shown only after access is granted.
Board of directors of Amneeds Services Private Limited (AM Needs)
Amneeds Services Private Limited is the primary company behind AM Needs. The board of Amneeds Services Private Limited currently have 3 directors; the longest-serving is Sujith Sudhakaran, appointed in 2019. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sujith Sudhakaran DIN 02256172 | Managing Director | 01 May 2019 | 7 yrs 5 mo | Amneeds Services Private Limited |
| Prasanth Vasavan Nair Jayakumari DIN 08470167 | Director | 26 Jun 2019 | 7 yrs 3 mo | Amneeds Services Private Limited |
| Ranjith Balan DIN 01809051 | Director | 28 Jul 2020 | 6 yrs 2 mo | Amneeds Services Private Limited |
Financials of AM Needs
Figures of Amneeds Services Private Limited, the primary company behind AM Needs, for FY 2020. Revenue was ₹2.04 Cr. Net loss was -₹54.3 Lakh (-27% margin). EBITDA was -₹53.3 Lakh (-26% margin).
- ₹2.04 CrRevenue · FY 2020
- -₹54.3 LakhNet loss · -27% margin
- -₹53.3 LakhEBITDA · -26% margin
- ₹1.2 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Amneeds Services Private Limited are on its company page.
Detailed financial statements for AM Needs
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of AM Needs
4 dated milestones of AM Needs across 3 years, from founding to its latest funding, stage changes and deals.
- Founded AM Needs is founded.
- Funding First funding round of $22K.
- Funding Latest funding round, Angel Round, of $42K.
- Exit Acquired by Farmers Fresh Zone.
Competitors of AM Needs
AM Needs has 3 listed competitors in our database, 2 of them funded. They include Milkbasket, Daily Ninja and FTH Daily.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| milkbasket.com | 2015 | Gurugram, India | $35.07M | 230 | Daily grocery essentials are delivered through an online subscription platform. | |
| dailyninja.in | 2015 | Bengaluru, India | $10.54M | 1 | Daily essentials are delivered through hyper-local subscriptions. | |
| fthdaily.com | 2019 | Bengaluru, India | 1,345 | Delivers fresh milk, dairy, fruits, veggies, staples via subscription to homes daily. |
Detailed competitors of AM Needs
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Food & Grocery Retail
3 companies that operate in the same segment as AM Needs (Food & Grocery Retail) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | 11,913 |
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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 2019.
The primary company behind AM Needs, Amneeds Services Private Limited, reported revenue of ₹2.04 Cr for FY 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.
AM Needs operates through Amneeds Services Private Limited.
Yes. AM Needs was acquired by Farmers Fresh Zone in September 2022.
The legal entities of AM Needs currently have 3 directors, including Ranjith Balan, Prasanth Vasavan Nair Jayakumari, Sujith Sudhakaran.