Quick commerce FirstClub doubles valuation to $255M in nine months
Indian startup FirstClub has successfully doubled its valuation to $255 million in just nine months, driven by a focus on quality over speed in the quick-commerce market. The Bengaluru-based company raised $55 million in a Series B funding round, bringing its total funding to $86 million. With a curated selection of groceries and a growing customer base, FirstClub aims to expand its operations beyond Bengaluru and into new product categories.
- ▪FirstClub's valuation increased from $120 million to $255 million after a $55 million Series B funding round.
- ▪The startup focuses on quality and product curation, offering around 4,000 grocery items.
- ▪FirstClub has crossed 1 million orders and acquired 170,000 households within a year of launching.
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| Original publisher | TechCrunch |
| Canonical URL | https://techcrunch.com/2026/06/03/firstclub-doubles-valuation-to-255m-in-nine-months-on-quality-first-grocery-bet/ |
| Publication time | Thu, 04 Jun 2026 00:30:00 +0000 |
| Retrieval time | 2026-06-04T00:42:54.968Z |
| Last seen | 2026-06-04T00:42:54.968Z |
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Opening excerpt (first ~120 words) tap to expand
In a quick-commerce market obsessed with speed, Indian startup FirstClub has convinced investors that quality may be a fresh opportunity, helping to double its valuation just nine months after its last funding round. The Bengaluru-based startup has raised $55 million in a Series B round co-led by Peak XV Partners and Sofina, valuing the company at $255 million after the investment. That’s up from $120 million when it last raised capital in September 2025. Existing investors Accel, RTP Global, and Paramark Ventures also participated. The latest financing brings FirstClub’s total funding to $86 million.
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