Slikk, a Bengaluru-based startup, has raised $10 million in a Series A funding round led by Nexus Venture Partners. Lightspeed, an existing investor who led the startup’s 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 delivery landscape with its 60-minute delivery service.
The platform currently serves Bengaluru, a major hub for startups in India. Slikk offers a unique Try & Buy model, allowing customers to experience a hassle-free shopping journey. This model appeals to college students, young professionals, and urban shoppers influenced by social trends.
Since our inception, Slikk has delivered a high-quality customer experience through our 60-minute delivery model.
Nexus backs Slikk expansion plans
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, Co-Founder & CEO of Slikk. The new funding will enable Slikk to diversify into other categories such as beauty and personal care, footwear, accessories, and wearables. The company also plans to expand its presence across key metropolitan areas in India.
Pratik Poddar, Partner at Nexus Venture Partners, said, “Having watched Slikk reshape India’s consumer behaviour, 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 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.
Slikk’s innovative approach to fashion delivery is set to establish new standards in the quick commerce space, promising further growth and an enhanced customer experience in the rapidly evolving digital marketplace.
