FirstClub bags $55M Series B from Peak XV, Sofina to expand beyond grocery
Bengaluru-based quality-first quick commerce app FirstClub, founded by ex-Flipkart exec Ayyappan R, raised $55M Series B co-led by Peak XV and Sofina. Funds will fuel city expansion and category push into beauty, home essentials, and pet care, after hitting 1M orders in year one.
Quick commerce app FirstClub, founded by ex-Flipkart exec Ayyappan R, raised $55M Series B led by Peak XV and Sofina to expand cities and add beauty, home essentials, and pet care categories beyond its quality-first grocery focus.
Why this matters
Round mirrors recent reports of FirstClub's $55M Series B at a $255M valuation, doubling its prior mark as it scales a quality-first quick commerce model beyond grocery.
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