FirstClub raises $55 Mn Series B to scale store network across Bengaluru, Hyderabad

Peak XV and Sofina co-led the round in the quick commerce startup, with participation from Accel, RTP Global and Paramark. Capital will fund new stores, warehouses, and category expansion into home, kitchen and gifting. FirstClub already runs 24 stores including 3 in Hyderabad, with 20-25 minute delivery and 60% monthly retention.

— Source publishedThu, 4 Jun, 2026, 00:00 IST·First seen Thu, 4 Jun, 2026, 11:20 IST·Source Inc42 · Buzz

What happened

Quick commerce startup FirstClub raised $55 Mn Series B co-led by Peak XV and Sofina to expand stores in Bengaluru and Hyderabad, build warehouses, and grow

Key facts

  • $55 Mn
  • ₹512 Cr
  • 24 stores
  • 3 Hyderabad outlets
  • 20-25 minute delivery
  • 60% monthly retention

Why this matters

FirstClub's accelerating store rollout and entry into home, kitchen and gifting positions it as both a competitive threat in non-grocery quick commerce and a potential partnership or acquisition target for incumbents lacking sub-30-minute fulfillment.