FirstClub Raises $55 Million, Valuation Doubles to $255 Million to Expand Operations
FirstClub, a quality-focused grocery delivery startup, raised $55 million in a Series B funding round led by Peak XV Partners and Sofina, doubling its valuation to $255 million. Existing investors Accel, RTP Global, and Paramark Ventures also participated. The company plans to expand into new cities, enhance supply chain and technology, and broaden product categories beyond groceries. FirstClub emphasizes trust and quality over speed and low prices, operating primarily in Bengaluru and Hyderabad with plans for further growth.