Fashion delivery platform Slikk has raised $10 million in a Series A funding round. The money came entirely from selling shares and was led by Nexus Venture Partners, with support from previous investor Lightspeed.
This follows the $3.2 million seed funding that Slikk raised from Lightspeed in March this year.
Slikk, which offers fashion delivery in just 60 minutes, will use the new funds to grow further. This includes adding new lifestyle products, starting instant returns, and expanding to more city areas.
“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 of Slikk.
Slikk was started by Akshay Gulati (CEO), Om Prakash Swami (CTO), and Bipin Singh (CPO). The company delivers clothes and accessories within 60 minutes in certain parts of Bengaluru, so customers don’t have to wait long. Slikk aims to offer a smooth shopping experience with handpicked fashion, a try-and-buy option, instant refunds and fast delivery.
Pratik Poddar, Partner at Nexus Venture Partners, said, “Having watched quick commerce reshape India’s consumer behavior, 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 said, “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.”
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