Bengaluru-based quick commerce startup FirstClub has raised $23 Mn (₹203 Cr) in its Series A funding round co-led by Accel and RTP Global, valuing the company at $120 Mn (₹1,050 Cr).
The round also saw participation from Blume Founders Fund, 2am VC, Paramark Ventures, and Aditya Birla Ventures. This follows FirstClub’s $8 Mn seed raise in December 2024.
Established in 2024 by former Cleartrip CEO Ayyappan R, FirstClub brands itself as a premium, member-first quick commerce platform. Since debuting in Bengaluru in June 2025, the startup has set up four dark stores and scaled its team to 185 members.
With the fresh capital, FirstClub aims to add 35 more dark stores within six months, introduce new fulfilment formats such as cafés and daily subscriptions, and expand into categories including kids’ food, pet food, nutraceuticals, home care, gifting, and furnishings. The funds will also support hiring across engineering, operations, category, and marketing functions.
Also Read | Trent by Tata Debuts Youth Fashion Label ‘Burnt Toast’ with First Store in Bengaluru
The startup currently offers over 4,000 SKUs spanning packaged foods, fresh produce, bakery, dairy, and nutrition. It plans to expand coverage across Bengaluru by Diwali with new fulfilment centres in the pipeline.
The fundraise comes amid surging investor interest in the $40 Bn quick commerce opportunity projected by 2030. With increasing demand and rising disposable incomes, quick commerce is extending beyond groceries into categories like fashion, home care, and gifting.
