News Summary

• Bengaluru-based startup FirstClub has raised $23 million in a Series A round.
• The 8-month-old startup has tripled its valuation to $120 million.
• The company stocks over 4,000 curated stock-keeping units from brands across packaged foods, fresh produce, bakery, dairy, and nutrition.
• FirstClub currently serves customers in a few localities of Bengaluru with four dark stores, which it calls “clubhouses’ The startup has also established its own supply chain network and partnered with select brands to offer exclusive products.