FirstClub Raises $23M Series A at a valuation of $120M

FirstClub raised $23M Series A co-led by Accel and RTP Global, valuing it at $120M. Funds will drive expansion with 35 dark stores, new fulfillment formats, and category additions like kids’ and pet food. Founded in 2024, it offers 4,000+ SKUs and runs four Bengaluru dark stores, scaling further before Diwali. CEO Ayyappan R. notes strong order values, as investor interest in quick commerce grows with peers KNOT and ZILO.