FirstClub bags $55M Series B as Indian startup funding rebounds to $181M across 18 deals
Quick commerce app FirstClub led the May 30-June 5 funding cycle with a $55M Series B from Peak XV and Sofina. Sportswear platform Agilitas pulled Rs 225 crore from Nexus and Rainmatter, while EV maker Simple Energy raised Rs 250 crore — signaling renewed VC appetite for consumer and retail-adjacent bets.
What happened
Indian startup funding rebounded to $181M across 18 deals. Quick commerce app FirstClub raised $55M Series B from Peak XV and Sofina. Sportswear platform
Key facts
- $181 million total
- 18 deals
- $55 million FirstClub
- Rs 225 crore Agilitas
- Rs 250 crore Simple Energy
Why this matters
Newly capitalized players like FirstClub ($55M) and Agilitas (Rs 225 cr) reset the competitive bar in quick commerce and sportswear, raising the urgency for incumbents to evaluate partnership, acquisition, or defensive investment moves.
Also reported by
- YourStory — Same time