FirstClub Raises $55M Series B at $255M Valuation

FirstClub, a Bengaluru-based startup operating a curated online grocery platform, has raised $55 million in a Series B funding round. The investment brings the company's total funding to $86 million and doubles its valuation to $255 million.

Investors

The round was co-led by Peak XV Partners and Sofina. Existing investors Accel, RTP Global, and Paramark Ventures also participated in the financing.

FirstClub Use of Funds

FirstClub plans to use the new capital to expand its operations beyond Bengaluru into new markets such as Hyderabad. The company also intends to diversify its product offerings by expanding into home and kitchen goods, gifting items, and other household essentials.

About FirstClub

Founded in 2024 by former Flipkart executive Ayyappan R, FirstClub offers a curated grocery experience focused on quality and product testing. The platform differentiates itself from traditional quick-commerce services by carrying a smaller, high-quality assortment of roughly 4,000 products, catering specifically to health-conscious consumers and women-led households.

Funding Details

Company Website: https://firstclub.co.in

Company: FirstClub
Raised: $55M
Round: Series B
Funding Date: June 2026
Lead Investor: Peak XV Partners and Sofina
Additional Investors: Accel, RTP Global, Paramark Ventures
Software Category: E-commerce
Source: https://techcrunch.com/2026/06/03/firstclub-doubles-valuation-to-255m-in-nine-months-on-quality-first-grocery-bet/