FirstClub
Quick Commerce (Retail)Bengaluru, Karnataka, India
FirstClub is an Indian curated quick commerce and omnichannel retail startup founded by former Cleartrip chief executive Ayyappan Rajagopal. It sells a deliberately limited, quality-screened assortment of grocery and household products, and has described a membership-fee model modelled on warehouse clubs rather than marketplace margins.
Funding
FirstClub has raised $86M across 3 disclosed rounds, most recently a Series B in Jun 2026.
$86MRaised
Series BLatest round · Jun 2026
$253MValuation
3Events
Series BJun 2026confirmed
$55M
InvestorsPeak XV Partners (lead, ₹207 Cr), Sofina (₹184 Cr), Paramark Ventures, Accel, RTP Global
Valuation$253M
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Jun 2026Series B$55MPeak XV Partners (lead, ₹207 Cr), Sofina (₹184 Cr), Paramark Ventures, Accel, RTP Global $253MRoC via Entrackr ↗
Sep 2025Series A$23MAccel & RTP Global (co-leads), Blume Founders Fund, 2am VC, Paramark Ventures, Aditya Birla Ventures ~$120M (₹1,050 Cr)YourStory ↗
Dec 2024Seed$8MAccel & RTP Global (co-leads), Blume Founders Fund, Quiet Capital, 2am VC, Binny Bansal, Kunal Shah, Mukesh Bansal, Lalit Keshre, Ankit Nagori, Shrenik Ghodawat ~$50M (reported)Business Standard ↗
Valuation journey
Price marks from disclosed rounds.
◉ Disclosed at round◌ Reported, unconfirmed
Series B · $55MJun 2026confirmed
$253M
Step-up2.1× vs Sep 2025
SourceRoC via Entrackr ↗
Tap any mark to see that valuation
Investor roster
Every disclosed backer and how often they've written a cheque — repeat names are the strongest conviction signal on the cap table.
New · Latest leadPeak XV Partners (lead1 round · 2026
Paramark Ventures2 rounds · since 2025
2am VC2 rounds · since 2024
Accel & RTP Global (co-leads)2 rounds · since 2024
Blume Founders Fund2 rounds · since 2024
₹207 Cr)1 round · 2026
Accel1 round · 2026
RTP Global1 round · 2026
Sofina (₹184 Cr)1 round · 2026
Aditya Birla Ventures1 round · 2025
Ankit Nagori1 round · 2024
Binny Bansal1 round · 2024
Kunal Shah1 round · 2024
Lalit Keshre1 round · 2024
Mukesh Bansal1 round · 2024
Quiet Capital1 round · 2024
Shrenik Ghodawat1 round · 2024
Aggregated automatically from the disclosed rounds above.
Leadership
The FirstClub journey
2024 · founded
Founded in Bengaluru by Ayyappan Rajagopal, Arvind Charanyan.
Dec 2024 · funding
Seed — $8M at ~$50M (reported), led by Accel & RTP Global (co-leads).
Sep 2025 · funding
Series A — $23M at ~$120M (₹1,050 Cr), led by Accel & RTP Global (co-leads).
Jun 2026 · funding
Series B — $55M at $253M, led by Peak XV Partners (lead.
Jun 2026 · milestone
Claims 1 million+ orders within its first year; valuation jumps 2.2x to $253M as total funding hits $86M in 18 months. ↗
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What is FirstClub?
FirstClub is an Indian curated quick commerce and omnichannel retail startup founded by former Cleartrip chief executive Ayyappan Rajagopal. It sells a deliberately limited, quality-screened assortment of grocery and household products, and has described a membership-fee model modelled on warehouse clubs rather than marketplace margins.
Who founded FirstClub?
FirstClub's founders and leadership on record at StartupFox are Ayyappan Rajagopal and Arvind Charanyan.
How much funding has FirstClub raised?
FirstClub has raised $86M across 3 disclosed rounds. The most recent was a $55M Series B in Jun 2026.
Who are FirstClub's investors?
Disclosed investors in FirstClub include Peak XV Partners (lead, ₹207 Cr), Sofina (₹184 Cr), Paramark Ventures, Accel, RTP Global, Accel & RTP Global (co-leads), Blume Founders Fund, 2am VC, Aditya Birla Ventures, Quiet Capital, Binny Bansal.
What is FirstClub's valuation?
FirstClub was last reported at $253M, at the time of its Series B in Jun 2026.
What is the latest news on FirstClub?
The most recent StartupFox coverage is “FirstClub Raises $55 Million in Series B Round Led by Peak XV Partners and Sofina to Expand Product Categories and Supply Chain” (4 June 2026). All stories are listed on this page.
Sources & updates
This profile is compiled by the StartupFox desk from company announcements, regulatory and exchange filings (RoC/MCA, NSE/BSE) and our own reporting. 3 of 3 funding rounds link to a named source.
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