Quick commerce FirstClub doubles valuation to $255M in nine months

FirstClub, a Bengaluru startup, has doubled its valuation to $255 million in just nine months. The company has achieved significant milestones, crossing 1 million orders and reaching a $50 million annualized GMV run rate. This growth has occurred within a year of its launch, demonstrating the startup's rapid expansion. FirstClub's success is a notable example of the rising demand for quick commerce services in the region.

✦ AI-generated summary