FirstClub raises $55 Mn Series B to scale stores across Bengaluru, Hyderabad
Peak XV and Sofina co-led the round, joined by Accel, RTP Global and Paramark. Capital funds 24-store expansion, new warehouses, and category push into home, kitchen and gifting. Brand cites 60% monthly retention and 20-25 minute delivery.
Quick commerce startup FirstClub raised $55 Mn Series B co-led by Peak XV and Sofina to expand store footprint in Bengaluru and Hyderabad, set up warehouses, and broaden categories into home, kitchen, and gifting.
Why this matters
Series B lands just 9 months after FirstClub's $22M Series A, signaling investor conviction as the brand pushes quick commerce beyond grocery into beauty, home and pet care.
Retail-company activity steady with 1,793 signals in the last 90 days.