Quick commerce FirstClub doubles valuation to $255M in nine months

Key points

• 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.
• As grocery shopping increasingly moves online, India’s quick-commerce market has expanded rapidly, growing from about $6.2 billion in FY25 to an estimated $11 billion-$12 billion in FY26, according to a recent ICICI Securities report.