FirstClub raises $55M Series B at $255M valuation to scale premium quick commerce
Peak XV and Sofina led the round, doubling FirstClub's valuation from $120M. Capital funds a third Bengaluru warehouse, 50 new clubhouses across Bengaluru and Hyderabad, and category expansion into beauty and kids over the next six months.
What happened
Premium quick commerce startup FirstClub raised $55M Series B led by Peak XV and Sofina, doubling valuation to $255M. Funds target supply chain, third Bengaluru
Key facts
- $55 million Series B
- $255 million valuation
- $120 million prior valuation
- $23 million Series A
- $8 million seed
- 2,500 paying members
- 21 clubhouses Bengaluru
- 3 clubhouses Hyderabad
- 50 new clubhouses planned
- 5,500 SKUs
- 4,000 grocery SKUs
- 1,000-1,500 new SKUs
Why this matters
FirstClub's category expansion into beauty and kids plus dual-city clubhouse footprint makes it a credible bolt-on or partnership target for legacy retailers seeking quick-commerce reach without building membership infrastructure.