Quick-commerce startup FirstClub raises $55 million Series B

FirstClub, a quick-commerce startup, emerged as the largest single fundraiser in India's startup scene during the first week of June, closing a $55 million Series B round. The round was led by Peak XV Partners and Sofina, with additional participation from Accel, RTP Global and Paramark Ventures. The fresh capital places FirstClub among a wave of well-funded players competing in India's fast-growing quick-commerce segment, where rapid delivery promises and dense logistics networks have become key battlegrounds. The deal alone accounted for nearly a third of the $187 million raised by Indian startups that week, highlighting how concentrated early-June funding activity was around a small number of large rounds rather than spread across many smaller deals.