FirstClub bags $55M Series B to widen quick commerce push beyond grocery
Ex-Flipkart exec Ayyappan R's quality-first quick commerce app FirstClub raised $55M Series B led by Peak XV and Sofina, with Accel, RTP Global and Paramark participating. Capital fuels city expansion and category extensions into beauty, home and pet care after crossing 1M+ orders.
FirstClub, a quality-first quick commerce grocery app by ex-Flipkart exec Ayyappan R, raised $55M Series B led by Peak XV and Sofina to expand cities and add beauty, home, pet care categories. Also: SoftBank sold 3.25% Lenskart stake for Rs 2,873 cr.
Why this matters
Reinforces FirstClub's quality-first positioning as it scales beyond grocery. Builds on recent reports of the $55M raise at a $255M valuation backed by Peak XV and Sofina to widen quick commerce reach.
Retail-company activity steady with 1,871 signals in the last 90 days.
Also reported by
- YourStory · Capital — Same time