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Quick-commerce startup FirstClub has raised $23 million in Series A funding led by Accel and RTP Global with participation from Blume Founders Fund, 2am VC, Paramark Ventures, and Aditya Birla Ventures.
As per media reports, the round also includes a small debt component.
This funding has pushed the firm’s valuation to $120 million, almost triple its value in December 2024 when it raised $8 million in its seed round from Accel and RTP Global.
The proceeds will be used to expand operations, open more stores, and build new product lines.
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