Slikk Club, a 60-minute fashion delivery start-up, has raised $3.2 million in an all-equity seed funding round led by Lightspeed, Multiply Ventures, and some angle investors including Abhishek Goyal, Abhinav Pathak, Madhav Tandan, Nikhil, and Saurabh Gupta.
The platform, in an official statement, said the fresh capital will be used to scale operations in Bengaluru, making 80% of the city’s pincodes serviceable through multiple dark stores. It plans to expand across tier 1 and tier 2 cities over the next five years.
Additionally, the start-up also aims to diversify into seven-plus lifestyle categories while leveraging advanced technology for seamless shopping, fulfilment, and returns. “At Slikk Club, we set out to change the way people experience fashion-making style as instant and effortless as their impulse to shop,” said Slikk Club CEO Akshay Gulati.
“This funding is a major step forward in our mission to bring 60-minute fashion delivery to more shoppers, scale our presence in Bangalore, and expand into new lifestyle categories. We’re excited to partner with Lightspeed and our investors, who believe in our vision of making last-minute fashion a seamless, delightful experience,” he added.
The company is also introducing instant returns and refunds, making fashion shopping more convenient than ever. Currently, it has tied up with more than 80 brands, including Snitch, The Souled Store, Freakins, Uptownie, Off Duty, Bonkers, and Bewakoof.
Lightspeed Partner Rahul Taneja said, “The team at Slikk has thoughtfully created a platform that delivers delight to customers, from sharply curated styles to better merchandising to deliveries and returns in a short time. It is beyond delivering at speed - it is about delivering that enjoyable shopping experience that customers have come to expect. We're excited to partner with them on their journey ahead."
Slikk Club fulfills the growing demand for quick and trendy fashion choices. With India’s fashion market valued at $11 billion and the beauty and personal care market exceeding $34 billion, Slikk Club is strategically positioned to capitalise on the rising need for hyperlocal, fast-fashion solutions.
