Slikk Club, a 60-minute fashion delivery platform, has raised $3.2 million in an all-equity seed funding round led by Lightspeed, with participation from Multiply Ventures.
The round also saw participation from existing investors, and angel investors including Abhishek Goyal (Tracxn), Abhinav Pathak (Perpule), Madhav Tandan, Nikhil (Panthera) and Saurabh Gupta (DST Global).
The company will use the fresh capital to scale operations in Bangalore, making 80 per cent of the city’s pincodes serviceable through multiple dark stores. The company will also strengthen its leadership team across technology, category management, operations, and supply chain.
Slikk Club plans to expand across Tier 1 and Tier 2 cities over the next five years, bringing 60-minute fashion delivery to a wider audience. It also aims to diversify into seven-plus lifestyle categories, said the company in its statement.
“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 Akshay Gulati, CEO & Co-Founder, Slikk Club. “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.”
Founded by Akshay Gulati (CEO), Om Prakash Swami (CTO), and Bipin Singh (CPO), the company has portfolio of 80+ brands, including Snitch, The Souled Store, Freakins , Uptownie , Off Duty, Bonkers, and Bewakoof.
Commenting on the investment, Rahul Taneja, Partner, Lightspeed said, “How we shop is changing everyday and so are our expectations from shopping destinations. 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.”
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