Slikk, a Bengaluru-based startup, has raised $10 million in a Series A funding round led by Nexus Venture Partners. Lightspeed, which previously led the seed round in March, also participated in this round. Founded by Akshay Gulati, Om Prakash Swami, and Bipin Singh, Slikk aims to revolutionize the fashion industry by delivering clothing and accessories within 60 minutes across Bengaluru.
The startup offers a unique Try & Buy model, allowing customers to try on items before making a purchase, providing a hassle-free shopping experience. Slikk, since inception, has delivered a high-quality customer experience through our 60-minute delivery model. Brands have been able to unlock new users at a hyperlocal level.
With this new round, we intend to double down on that promise and offer a significantly wider range of products and experiences to our customers,” said Akshay Gulati, CEO of Slikk. The startup plans to use the fresh funds to expand into new lifestyle categories such as beauty, personal care, footwear, accessories, and wearables. Slikk also aims to roll out instant returns and extend its presence across key metropolitan areas.
Slikk’s $10M funding milestone
Pratik Poddar, Partner at Nexus Venture Partners, expressed confidence in Slikk’s potential, stating, “Having watched India’s consumer behaviour reshape, we firmly believe fashion is the definitive next frontier for digital disruption. The Slikk team’s deep category insights and strategic execution are precisely what this moment demands.”
Rahul Taneja, Partner at Lightspeed, added, “We backed Slikk at the seed stage because their take on fashion commerce was refreshingly ahead of its time.
The team has built a product that truly resonates with its customers, reflected in strong retention and engagement. We are happy to double down on our investment and support Akshay and the team’s focus on newer categories and reaching a wider audience across India.
Currently serving a dynamic audience of college students, young professionals, and urban shoppers influenced by social trends, Slikk is well-positioned to capture the growing demand for quick and convenient fashion delivery. The startup’s tech-enabled supply chain and network of dark stores ensure swift fulfillment of orders.
As the quick commerce industry in India continues to grow, with estimates suggesting it could reach $9.95 billion by 2029, Slikk is poised to lead the charge in the fashion segment. The startup’s innovative approach, combining speed, style, and service, sets it apart in the competitive e-commerce landscape. With the latest funding, Slikk is set to embark on its next phase of growth, redefining the way consumers shop for fashion online.
As the startup expands its offerings and reaches more customers across India, it is likely to set new standards in the world of quick commerce fashion delivery.