CMS INDUSLAW acts on FirstClub $55 million Series B fundraise

Firstclub Technology Private Limited has raised $55 million from a Series B fundraise co-led by Peak XV Partners and Sofina, with participation from existing investors Accel, RTP Global and Paramark Ventures.

CMS INDUSLAW advised FirstClub on this fundraise.

The transaction team consisted of Winnie Shekhar (Partner), Tushar Gogoi (Principal Associate), Chandresh Goyal (Senior Associate) and Mahak Agarwal (Associate).

FirstClub is a Bengaluru-based premium grocery and quick commerce platform. The company will use the funds for expansion and continue investing in its supply chain, technology and category expansion initiatives.

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