Fashion platform Slikk raises $10 M in Series A funding round led by Nexus Venture Partners
Slikk, which promises to deliver fashion products in 60 minutes in Bengaluru, plans to use the funds for the launch of new lifestyle categories, rollout of instant returns, and expansion into more urban pin codes.
Fashion delivery platform Slikk has raised $10 million in an all-equity Series A round led by Nexus Venture Partners, with participation from existing investor Lightspeed.
This builds on the $3.2-million seed round raised from Lightspeed in March this year.
Slikk, which promises to deliver fashion products in 60 minutes, plans to use the funds for its next phase of growth. This includes launch of new lifestyle categories, rollout of instant returns, and expansion into more urban pin codes.
“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, Co-Founder & CEO, Slikk.
Founded by Akshay Gulati (CEO), Om Prakash Swami (CTO), and Bipin Singh (CPO), Slikk delivers clothing and accessories within 60 minutes in select areas of Bengaluru, eliminating long wait times and making shopping seamless. Slikk seeks to offer curated fashion, try-and-buy feature, instant refunds, and rapid delivery.
Pratik Poddar, Partner at Nexus Venture Partners, said, “Having watched quick commerce 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. We're incredibly excited to be long-term partners in shaping this future."
Rahul Taneja, Partner, Lightspeed, "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."
Edited by Swetha Kannan