India, Sept. 4 -- Quick commerce platform FirstClub has raised $23 Mn (around INR 203 Cr) in its Series A round co-led by existing backers Accel and RTP Global at a valuation of $120 Mn (INR 1,050 Cr).

The round also saw participation from existing investors Blume and 2am VC as well as Paramark Ventures and Aditya Birla Ventures. The startup last raised $8 Mn in its seed round in December last year.

The startup plans to utilise the fresh capital to fuel expansion, add 35 new dark stores to its kitty in the next six months and launch multiple fulfilment formats such as cafes and daily subscriptions.

A chunk of the capital will also be deployed to ramp up hiring across engineering, operations, category and marketing. As part of its expan...