FirstClub raises $55 million in a Series B co-led by Peak XV Partners and Sofina, reaching a $255 million valuation. The Bengaluru startup curates about 4,000 grocery products, with quality checks for fresh produce and lab tests for some staples, rather than competing primarily on delivery speed. It reports more than 1 million orders and 170,000 households, and plans to expand beyond Bengaluru and deepen its presence in Hyderabad.
FirstClub raises $23 million in a Series A at a $120 million post-money valuation, tripling its valuation with a curated, premium-commerce model rather than 10-minute delivery. The Bengaluru startup offers more than 4,000 selected products through four “clubhouses,” reports an average order value of ₹1,050 and a 60% repeat-purchase rate, and says 60% of its products are exclusive. It plans to expand into new categories and grow to 35 clubhouses across Bengaluru.
Sep 2025TechCrunchNews article
Paramark Ventures
Paramark Ventures: A global venture capital firm focusing on high-growth potential businesses, especially in India.