FUNDING NATIONAL
BENGALURU, KARNATAKA, INDIA
By IFAB MEDIA - NEWS BUREAU - September 4, 2024 | 709 2 minutes read
Bengaluru-based fashion delivery platform Slikk has raised $300,000 in a pre-seed funding round led by Better Capital, with additional support from Untitledxyz Ventures. This fresh infusion of capital will enable Slikk to expand its brand portfolio to over 100, establish a large-format dark store, and extend its delivery coverage to 70% of Bangalore’s pincodes. The company also plans to expand into other major Indian cities and diversify its product offerings to include beauty, personal care, and home decor.
Slikk’s innovative approach caters to the fast-paced shopping habits of GenZs and young millennials, who are key target groups for fast fashion brands. “GenZs and young millennials today are extremely impulsive shoppers and the biggest TG for fast fashion brands. This impulse is driven by high frequency refreshment of trends/designs and faster delivery,” said Akshay Gulati, CEO and Co-Founder of Slikk. “Slikk intends to solve this problem by bringing in new trends and designs from upcoming fast fashion brands every week, along with a 60-minute delivery timeline, offering a shopping experience unlike any other compared to legacy fashion marketplaces.”
With this funding, Slikk aims to transform the fashion shopping experience by combining trend-forward designs with lightning-fast delivery, positioning itself as a leader in the fast fashion and instant delivery space.