Karnataka's deeptech and quantum computing ambitions; FirstClub raises $55 million
An officer of the 2002 batch from the Karnataka cadre, Dr Manjula N has served across district administration, tourism, and municipal and infrastructure leadership.
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An officer of the 2002 batch from the Karnataka cadre, Dr Manjula N has served across district administration, tourism, and municipal and infrastructure leadership.
FirstClub said the funding will be used to expand into new cities and strengthen its supply chain as it forays into newer categories.
The Bengaluru startup has crossed 1 million orders and reached a $50 million annualized GMV run rate within a year of launch.
Quality-focused grocery delivery startup FirstClub has secured $55 million in a Series B funding round led by Peak XV Partners and Sofina, valuing the company at $255 million. The capital will fuel expansion into new cities, enhance supply chain and technology, and broaden product categories.
Months after closing its Series A funding round, quick commerce startup FirstClub has now raised $55 Mn (around ₹512 Cr)…