FirstClub, the 'quality-first' grocery delivery startup founded by a former Flipkart executive, has raised $55 million in a series B round led by Peak XV Partners and Sofina, more than doubling its valuation within a year of launch.
The round values the company at about $255 million, founder and chief executive Ayyappan R told ET. Existing investors Accel, RTP Global, and Paramark Ventures also participated in the financing.
