M&A
Farm products e-tailer FFZ acquires Kerala-based milk chain platform AM Needs
Farm produce online retailer Farmers Fresh Zone (FFZ), incubated in Kerala Start-up Mission, has acquired Thiruvananthapuram-headquartered milk delivery platform AM Needs for USD 2 million (INR 15.95 crore) in cash and stock deal. Founded in 2019, AM Needs has built a technology stack and platform to ensure the delivery of fresh items to customers before 7 am every day. The delivery platform, present in four cities in Kerala, offers products such as milk, vegetables, and breakfast essentials. FFZ, which operates in Kochi, Thiruvananthapuram, Thrissur, Kottayam, and Coimbatore, directly procure products from local farmers within 16 hours of harvest with remunerative prices and takes the products to consumers. Last September, FFZ raised INR 6 crore Pre-Series A funding led by Indian Angel Network (IAN).
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