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Slikk Raises $ 10 Million in Series A Funding Round

CIO Insider Team | Tuesday, 27 May, 2025
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Slikk, a Bengaluru-based quick commerce fashion startup, has raised $10 million in Series A funding, led by Nexus Venture Partners, with participation from existing backer Lightspeed. The all-equity round will be used to expand the company’s product categories and geographic reach, as it doubles down on its 60-minute fashion delivery model.

The capital injection will assist Slikk in expanding into related lifestyle sectors like beauty and personal care (BPC), footwear, accessories, and wearables—fields the company views as prime for quick-commerce transformation.

Slikk is set to introduce instant returns, a feature it claims will minimize obstacles in online shopping and enhance customer trust. Moreover, the resources will facilitate logistics growth in major urban areas, investment in warehouse and dark store facilities, and technological improvements to enhance personalization, product discovery, and delivery efficiency.

Co-founder and CEO Akshay Gulati stated that the funding will allow Slikk to provide a "broader variety of products and experiences" and help partner brands connect with hyperlocal consumers.

Slikk’s model combines curated fashion with a Try & Buy feature and immediate refunds — a proposition targeting digitally savvy Gen Z and young millennial shoppers, who currently anticipate the same quick fashion delivery that they have become accustomed to in food and grocery sectors.

The fundraising occurs alongside increasing investor interest in niche quick commerce, as companies expand their focus from essentials and food & beverage to more lucrative sectors such as fashion and beauty

The startup is now functioning in Bangalore, providing fashion and accessories in under an hour. Its main user base includes college students, young professionals, and urban shoppers influenced by social media.

The fundraising occurs alongside increasing investor interest in niche quick commerce, as companies expand their focus from essentials and food & beverage to more lucrative sectors such as fashion and beauty.

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Slikk had previously secured $3.2 million in seed funding in March 2025, with Lightspeed at the helm. That round also involved contributions from Multiply Ventures, current investors, and a lineup of notable angel investors, such as Abhishek Goyal (Tracxn), Abhinav Pathak (Perpule), Madhav Tandan, Nikhil (Panthera), and Saurabh Gupta (DST Global). Before that, the firm secured $300,000 in a pre-seed funding round in September 2024, spearheaded by Better Capital.



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