Firstclub

Firstclub

Online shopping platform offering multi-category grocery products

Founded

2024

Headquarters

Bengaluru (India)

Status

Seed

Company Details

Website

Socials

Email

Phone

+91-7411454555

Firstclub is an online shopping platform offering a wide range of multi-category grocery products, designed to provide customers with a convenient and efficient digital retail experience. The platform curates everyday essentials and specialty items across diverse product segments, enabling users to access quality groceries from the comfort of their homes while benefiting from streamlined ordering, secure transactions and reliable delivery services.

Core Products and Services

  • Groceries & Staples: Wide range of everyday essentials including grains, pulses, oils and spices.
  • Fresh Produce: Farm-fresh fruits, vegetables and leafy greens.
  • Dairy & Bakery: Milk, curd, cheese, butter, breads and baked goods.
  • Snacks & Beverages: Chips, biscuits, juices, soft drinks and health drinks.
  • Packaged Foods: Ready-to-eat meals, noodles, sauces and condiments.
  • Personal & Home Care: Cleaning supplies, toiletries and hygiene products.

Business Model & Revenue Streams

  • Membership Subscriptions: The core of FirstClub’s revenue model is its subscription-based membership, granting exclusive access to its curated product selection and premium services. This approach ensures recurring revenue and high customer retention, similar to successful international models like Costco.

  • Direct Product Sales: Members purchase premium groceries, fresh foods, bakery, dairy, nutrition and supplements through the FirstClub app or website. The company earns a margin on each sale, leveraging its curated supply chain and exclusive sourcing

  • Offline Experience Centers: FirstClub will operate physical stores that double as experience centers, allowing members to sample products and engage with the brand. These stores drive additional sales and deepen customer loyalty.

  • Brand Partnerships and Promotions: By providing a platform for premium and emerging brands to reach affluent urban households, FirstClub can generate revenue through promotional partnerships, exclusive launches and co-branded campaigns.

Key People

Ayyappan Rajagopal

Ayyappan R

Key Metrics

Total Equity Funding

$8 Million

No. of Funding Rounds

1

Latest Funding Round

$8.0 Million, Seed

as of December 12, 2024

Post Money Valuation

$39.7 Million

as of December 21, 2024

Funding Multiple

4.96

as of December 21, 2024

Investors

Accel

and 7 more

Employee Count

22

Similar Companies

Bevzilla

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
December 12, 2024Seed$8.0 Million$39.7 Million-- Accel, RTP Global, Blume Ventures, Quiet Capital, 2am VC, One Sgg Ventures, Stargazer Ventures, QED Innovation Labs ,CResolutefuturewave, OCFO, 3 state ventures

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