Bengaluru startup FirstClub doubles valuation to $255M

Indian quick commerce startup FirstClub has doubled its valuation to $255 million in just nine months. The Bengaluru-based company has surpassed one million orders within a year and reached an annual gross merchandise value of $50 million.

Bengaluru-based quick commerce startup FirstClub has achieved remarkable growth, doubling its valuation to $255 million in just nine months. The company has demonstrated that the quick commerce sector in India continues to expand rapidly.

Less than a year after launching operations, FirstClub has surpassed one million orders and reached an annual gross merchandise value (GMV) of $50 million. These figures confirm the company's rapid expansion and growing customer base in India.

The quick commerce market has exploded in India in recent years as consumers increasingly prefer fast deliveries. FirstClub competes with other major players in the market but manages to stand out through its growth rate, which has clearly impressed investors.