FirstClub bags $55M Series B at $253M valuation, 2.2X uplift in 18 months
Peak XV and Sofina led the round in quality-first quick commerce challenger FirstClub, taking total raised to $86M. Capital fuels city expansion and new categories (beauty, home, pet) as it takes on Zepto, Blinkit and Instamart. Founder retains 39.03%; Accel holds 15.27%.
What happened
Quality-first quick commerce startup FirstClub raised $55M Series B led by Peak XV and Sofina at $253M valuation, 2.2X uplift. Capital funds city expansion, new
Key facts
- $55 million Series B
- $86 million total in 18 months
- Rs 512 crore raised
- post-money valuation $253 million (Rs 2,356 crore)
- 2.2X valuation uplift from Rs 1,051 crore
- Accel 15.27%
- RTP Global 10.02%
- Peak XV 8.8%
- Sofina 7.82%
- founder 39.03%
- ESOP 6.51% (Rs 153 crore)
- 1 million orders in year one
Why this matters
With $86M total raised and Accel at 15.27%, FirstClub is consolidating as a credible #4 in quick commerce—relevant for partnership, white-label, or eventual roll-up scenarios.
Also reported by
- Entrackr — Same time