Funding · Commerce & Consumer Brands

FirstClub raises $55M in Series B funding

By Startup Enthusiast · 15 June 2026

What they do

FirstClub is a quick commerce startup focused on quality products

It raised $55M in Series B led by Peak XV Partners and Sofina

The company crossed 1 million orders within its first year

FirstClub raised $55M (Rs 512 crore) in a Series B funding round.
The round was led by Peak XV Partners and Sofina.
Peak XV Partners invested Rs 207 crore ($22M) as the lead investor.
Sofina invested Rs 184 crore ($19.8M) as co-lead.
Paramark Ventures participated with Rs 46 crore ($5M).
Existing investors Accel and RTP Global each invested Rs 36.8 crore.
The company's post-money valuation is Rs 2,356 crore ($253M), a 2.2X increase from its previous round.
FirstClub has raised a total of $86M within 18 months.

The quick commerce sector in India is highly competitive, with players like Zepto, Blinkit, Swiggy Instamart, and BigBasket.
FirstClub differentiates itself by focusing on high-quality products rather than delivery speed.
The company crossed 1 million orders within its first year of operations.

FirstClub is a quick commerce startup that launched in June 2025.
It follows a quality-first model, emphasizing product quality over delivery speed.
Its product basket includes food, fresh produce, dairy, bakery, FMCG, and nutrition items.
The company plans to add categories like beauty & personal care, home essentials, and pet care.
FirstClub crossed 1 million orders within its first year of operations.

FirstClub will use the funds to expand into new cities.
It will strengthen its quality-focused grocery ecosystem.
The company plans to add new categories like beauty & personal care, home essentials, and pet care.
It will also upgrade technology and supply chain.

Peak XV Partners (lead) — Peak XV Partners is a venture capital firm that led the round with Rs 207 crore.
Sofina (co-lead) — Sofina is an investment firm that co-led the round with Rs 184 crore.
Paramark Ventures (participated) — Paramark Ventures participated with Rs 46 crore.
Accel (existing) — Accel is an existing investor that participated with Rs 36.8 crore.
RTP Global (existing) — RTP Global is an existing investor that participated with Rs 36.8 crore.

Product: Quality-curated grocery and essentials delivered through quick commerce model
Customers: Urban consumers seeking quality, fresh groceries delivered quickly
How it makes money: Quick commerce B2C model with physical stores (clubhouses) and on-demand delivery
What sets it apart: Quality-first approach differentiating from price-focused quick commerce competitors