FirstClub raises $55 Mn Series B to scale stores across Bengaluru, Hyderabad
Peak XV and Sofina co-led the round, joined by Accel, RTP Global and Paramark. Capital funds 24-store expansion, new warehouses, and category push into home, kitchen and gifting. Brand cites 60% monthly retention and 20-25 minute delivery.
What happened
Quick commerce startup FirstClub raised $55 Mn Series B co-led by Peak XV and Sofina to expand store footprint in Bengaluru and Hyderabad, set up warehouses,
Key facts
- $55 Mn
- ₹512 Cr
- 24 stores
- 20-25 minute delivery
- 60% monthly retention
Why this matters
FirstClub's category push into home, kitchen, and gifting alongside warehouse buildout creates a defensible mid-premium quick commerce wedge that incumbents like Blinkit and Zepto will need to match or acquire around.