Quick commerce co. FirstClub raises $55-M led by Peak XV, Sofina Ventures

Bengaluru-based quick commerce platform FirstClub has raised USD 55 million in a Series B round of funding led by Peak XV Partners and Sofina Ventures. Existing investors Accel, RTP Global, and Paramark Ventures also participated in the round.Founded in 2024 by Ayyappan Rajagopal, FirstClub delivers groceries and consumer goods. The company plans to use the new funds to improve its supply chain infrastructure, invest in cold-chain integrity, quality testing protocols, and demand forecasting, and expand its product categories.