FirstClub raises $55 mn, valuation more than doubles to $255 mn

Premium grocery and quick commerce startup FirstClub has raised $55 million in a funding round led by Peak XV Partners and Sofina. The round also saw participation from existing backers like Accel, and RTP Global. The round values the company at $255 million. It follows a $22 million raise nine months ago, when FirstClub was valued at $120 million.