Bengaluru-based quick commerce platform Slikk has raised $10 million (about ₹85 crore) in its Series A funding round led by Nexus Venture Partners, with participation from existing investor Lightspeed. This fresh capital will accelerate Slikk’s push into new lifestyle categories, enhance its instant returns feature, and expand its reach across more urban pin codes.
Slikk’s Vision: Fast Fashion, Faster Delivery
Founded in 2024 by Akshay Gulati, Om Prakash Swami, and Bipin Singh, Slikk is redefining how urban India shops for fashion. The platform promises delivery of fashion and lifestyle products in under 60 minutes, targeting impulse-driven Gen Z and millennial shoppers with curated selections and convenience.
Currently operational in Bengaluru, Slikk has already onboarded 150 brands, including popular names in the youth fashion segment. The company aims to increase this number to 500 brands by the end of the year.
New Categories and Urban Expansion
Slikk’s latest funding will be used to:
- Enter new lifestyle categories such as beauty, personal care, accessories, footwear, home decor, luggage, and backpacks.
- Launch instant returns, making online shopping even more hassle-free for customers.
- Expand to more urban pin codes and establish new dark stores, starting with two additional outlets in Bengaluru within the next 45 days.
CEO Akshay Gulati shared, “We are super bullish on entering all categories in the fashion and lifestyle segment. Be it accessories, wearables, beauty, or home decor, we intend to cover every category possible”.
Slikk’s Growth Story
Slikk’s Series A round follows a $3.2 million seed round earlier this year, also led by Lightspeed and supported by other investors. The company’s rapid fundraising reflects strong investor confidence in its model and market opportunity.
The platform’s unique selling points include:
- 60-minute delivery for fashion and lifestyle products
- Try & Buy, instant refunds, and easy returns
- Focus on affordable, fast fashion collections for young urban consumers
Competitive Landscape and Market Opportunity
Slikk faces competition from platforms like Myntra’s M-Now, Blip, and other emerging quick commerce startups. With quick commerce booming across India, investors are pouring billions into startups aiming to disrupt everything from groceries to home decor.
India’s quick commerce market is projected to reach $40 billion by 2030, while the apparel and beauty segments are set to cross $109 billion and $34 billion respectively in 2025. Slikk’s hyperlocal delivery model and focus on expanding categories position it well to capture a significant share of this rapidly growing market.
What’s Next for Slikk?
With its latest funding, Slikk is set to:
- Double down on customer experience and product variety
- Expand to new cities beyond Bengaluru
- Strengthen its tech and logistics infrastructure for even faster, more reliable deliveries
As India’s quick commerce wave grows stronger, Slikk’s bold moves signal a new era for fashion shopping—where style meets speed, and convenience is only a click away.