FIRSTCLUB DOUBLES VALUATION TO $255M
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Bengaluru-based quick commerce startup FirstClub has doubled its valuation to $255 million within nine months of launch. The company has crossed 1 million orders and achieved a $50 million annualized GMV run rate.
■ MORE FROM THE STARTUPS DESK
Colorado-based biotech startup Enveda, which uses AI to discover new drugs from natural sources, secured $311 million in Series E funding at a $2 billion valuation—double its valuation from a year ago.
Modal Labs and Baseten, two platforms enabling businesses to run AI models, are in advanced funding talks that would significantly boost their valuations. The rounds reflect growing investor appetite for AI infrastructure services.
Ema, an AI agent platform automating corporate processes in HR, IT, and finance, secured $77 million in Series B funding led by Creaegis. The round brings the startup's total funding to $140 million.
Enveda Therapeutics raised $311 million in funding, bringing the AI biotech company's valuation to $2 billion. The capital will accelerate clinical trials for drugs derived from natural compounds.