Founder · FirstClub

Ayyappan Rajagopal

Founder & CEO of FirstClub, a quick commerce company based in Bengaluru.

Founder · CEOBengaluruQuick Commerce
Founded
2024
Bengaluru, Karnataka, India
Raised to date
$86M
3 rounds on record
Latest round
Series B
$55M · Jun 2026

About

Ayyappan Rajagopal is Founder & CEO of FirstClub, a quick commerce company based in Bengaluru, founded in 2024. FirstClub's most recent disclosed round was a Series B of $55M in Jun 2026.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2024
FirstClub
Quick Commerce · Bengaluru

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
Jun 2026Series B$55MPeak XV Partners (lead, ₹207 Cr), Sofina (₹184 Cr), Paramark Ventures, Accel, RTP Global
Sep 2025Series A$23MAccel & RTP Global (co-leads), Blume Founders Fund, 2am VC, Paramark Ventures, Aditya Birla Ventures
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
Company profile →3 rounds on record

Journey with FirstClub

1 milestone
  1. Jun 2026Milestone

    Claims 1 million+ orders within its first year; valuation jumps 2.2x to $253M as total funding hits $86M in 18 months.

Also building FirstClub

ACArvind CharanyanCo-founder→

Coverage

1 story
Funding · 4 Jun 2026 · 3 min read
FirstClub Raises $55 Million in Series B Round Led by Peak XV Partners and Sofina to Expand Product Categories and Supply Chain