Farmers Fresh Zone acquires milk delivery platform AM Needs

CHENNAI: Farm produce online retailer Farmers Fresh Zone (FFZ), incubated in Kerala Startup Mission (KSUM), has acquired milk delivery platform AM Needs for around $2 million (Rs 15.95 crore) in a cash and stock deal.
With this acquisition, FFZ, which raised Rs 6 crore Pre-Series A funding led by Indian Angel Network (IAN) last year, adds country-milk and value-added products to its product category, and targets Rs 1,000 crore revenue in the next five years.
FFZ operates in Kochi, Thiruvananthapuram, Thrissur, Kottayam, and Coimbatore, and directly procures products from local farmers within 16 hours of harvest by giving them remunerative prices and taking them to consumers.
Founded in 2019 by Sujith Sudhakaran and Ranjith Balan, AM Needs has built a technology stack and platform to ensure delivery of fresh items to customers before 7am every day. The delivery platform, which is present in four cities in Kerala, offers products like milk, vegetables and breakfast essentials.