FirstClub raises $23 Mn in Series A round at $120 Mn valuation

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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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FirstClub raises $23 Mn in Series A round at $120 Mn valuation


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.

Started in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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