FirstClub bags $55M Series B led by Peak XV, Sofina to scale quality-led quick commerce
Bengaluru-based FirstClub, founded by ex-Flipkart executive, raised a $55M (Rs 512 Cr) Series B led by Peak XV and Sofina with Accel, RTP Global participating. Total funding now $86M. Capital fuels city expansion and category push into beauty, home essentials and pet care beyond grocery.
What happened
Quality-focused quick commerce grocery startup FirstClub raised $55M Series B led by Peak XV and Sofina to expand into new cities and add beauty, home
Key facts
- $55 million
- Rs 512 crore
- $23 million Series A
- $8 million seed
- $86 million total raised
- 1 million orders
Why this matters
An ex-Flipkart founder building a differentiated quick commerce play with $86M backing and multi-category ambitions becomes a credible consolidation target or strategic partner for incumbents lacking premium positioning.