FirstClub, a premium quick commerce startup, has raised $55 million in its Series B funding round led by Peak XV Partners and Sofina Ventures, the company’s CEO Ayyappan R confirmed. Existing investors Accel, RTP Global, and Paramark Ventures also participated. This fresh capital more than doubled FirstClub’s valuation to $255 million from $120 million in September 2025, marking a significant milestone for the company.
Founded in 2024 by former Cleartrip CEO Ayyappan R, FirstClub launched its platform in July 2025 and currently operates 24 stores, including three recently opened in Hyderabad. The new funds will be used to open additional stores in Bengaluru, Hyderabad, and other cities, as well as to set up large warehouses to support these outlets. The company also plans to expand its product categories to include home and kitchen items, utensils, general merchandise, and gifting over the next three months, according to inc42.com.
FirstClub positions itself as a quality-first quick commerce platform, delivering premium products across food and beverage, grocery, health supplements, and home categories with a 20-25 minute delivery window. The startup conducts regular quality tests on groceries and everyday items before listing them. The fresh funding round follows its Series A closure months earlier and reflects growing investor confidence in the premium quick commerce segment, which is gaining traction amid rising consumer demand for fast, reliable delivery of high-quality products.
The company’s valuation increase to $255 million underscores its rapid growth since inception. FirstClub’s next steps include rolling out more stores and expanding its product range, with a membership program planned for future launch, as stated by CEO Ayyappan R. The startup’s expansion efforts are set to accelerate in the coming months, supported by the $55 million capital infusion.