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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.

1StartupFox story
2024Founded
Quick Commerce(Retail)Sector
Jun 2026Latest coverage

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
Tap any bar to see that round
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.

$70M$140M$209M$279M $50M$120M$253M DEC 2024SEP 2025JUN 2026
◉ Disclosed at round◌ Reported, unconfirmed
Series B · $55MJun 2026confirmed
$253M
Step-up2.1× vs Sep 2025
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

ARAyyappan RajagopalFounder · CEOACArvind CharanyanCo-founder

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. ↗

The rest of FirstClub's profile is free

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Latest on FirstClub

Funding
FirstClub Raises $55 Million in Series B Round Led by Peak XV Partners and Sofina to Expand Product Categories and Supply Chain
4 JUN 2026 · 3 MIN READ

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Frequently Asked

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 is associated with Ayyappan Rajagopal, 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.