3 days ago
Slikk raises $10 million in series A funding round led by Nexus Venture Partners
Fashion delivery platform Slikk has raised $10 million (Rs 85 crore) in an all-equity series A round led by Nexus Venture Partners, with participation from existing investor Lightspeed. Earlier, it had raised $3.2 million in a seed round from Lightspeed.
The company will utilise the funds to fuel its next phase of growth that includes launch of new lifestyle categories, rollout of instant returns, and expansion into more urban pin codes.
Commenting on the funding, Akshay Gulati, co-founder & CEO at Slikk in a statement said, '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.'
Pratik Poddar, Partner at Nexus Venture Partners added, '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.'
Founded by Akshay Gulati, Om Prakash Swami, and Bipin Singh, Slikk delivers clothing and accessories within 60 minutes in select areas of Bengaluru.
