FirstClub Lands $55M Series B Led by Peak XV, Sofina to Scale Quality-First Grocery Play
Just eight months after its Series A, FirstClub has raised $55M (₹512 Cr) led by Peak XV and Sofina, with Accel, RTP Global and Paramark participating. The capital fuels city expansion, new categories spanning beauty, home and pet care, and supply chain depth after crossing 1M orders in year one.
Quality-first grocery app FirstClub raised $55M Series B led by Peak XV and Sofina, eight months after Series A. Capital will fund city expansion, new categories (beauty, home, pet care), and supply chain after crossing 1M orders in year one.
Why this matters
FirstClub's $55M raise anchored a $165M weekly haul in Indian retail-tech and led an $187M D2C-heavy week, signaling investor conviction in quality-first grocery despite BigBasket's C-suite reshuffle.
Retail-company activity steady with 2,258 signals in the last 90 days.