BENGALURU: A Leap Towards Instant Fashion

Slikk Club, a pioneering 60-minute fashion delivery startup, has successfully raised $3.2 million in a seed funding round. This significant financial boost was led by Lightspeed, with contributions from Multiply Ventures and notable angel investors including Tracxn founder Abhishek Goyal, Perpule founder Abhinav Pathak, and DST Global founder Saurabh Gupta.

Expanding Horizons

Founder and CEO Akshay Gulati shared with TOI that the fresh capital will propel the company's expansion from serving 20-25% of Bengaluru’s pincodes to an ambitious 80%. Additionally, the funds will facilitate leadership hiring and the establishment of at least two more dark stores to complement the existing single warehouse operation.

A Diverse Portfolio

With over 80 brands already on board, including Snitch, Bonkers Corner, and Freakins, Slikk Club is on a mission to quintuple this number to 500 within the next six months. The platform, known for its try-and-buy model, aims to cater primarily to the under-35 demographic, boasting an average order value of Rs 2,000.

Vision for the Future

Over the next five years, Slikk Club envisions expanding its footprint across tier 1 and tier 2 cities, adapting to the evolving shopping behaviors and expectations of modern consumers. "The team at Slikk has thoughtfully created a platform that delivers delight to customers," remarked Rahul Taneja, Partner at Lightspeed, highlighting the company's commitment to enhancing the shopping experience through curated styles, efficient merchandising, and swift deliveries and returns.