FirstClub raises $55 Mn Series B to scale store network across Bengaluru, Hyderabad
Peak XV and Sofina co-led the round in the quick commerce startup, with participation from Accel, RTP Global and Paramark. Capital will fund new stores, warehouses, and category expansion into home, kitchen and gifting. FirstClub already runs 24 stores including 3 in Hyderabad, with 20-25 minute delivery and 60% monthly retention.
Quick commerce startup FirstClub raised $55 Mn Series B co-led by Peak XV and Sofina to expand stores in Bengaluru and Hyderabad, build warehouses, and grow categories like home, kitchen, and gifting.