Bengaluru-based 60-minute fashion delivery startup Slikk Club has raised $3.2 million (about Rs 27.7 crore) in a funding round led by global venture capital firm Lightspeed.
The round also saw participation from early-stage venture capital firm Multiply Ventures and other angel investors including Tracxn founder Abhishek Goyal, DST Global’s Saurabh Gupta and Panthera Peak Ventures’ Nikhil Bhandarkar.
The firm will use the funds for expanding operations in Bengaluru, aiming to cover 80% of the city’s pin codes by setting up dark stores, expanding into new categories, adding more brands to the platform and strengthening its leadership team.
“Until now, we were offering western wear. With this round, we’re moving to much larger dark stores and expanding into categories such as ethnic wear, footwear, beauty and personal care (BPC), accessories and wearables, luggage, backpacks and more,” cofounder and chief executive Akshay Gulati told ET.
Slikk Club aims to expand into tier-1 and tier-2 cities over the next five years, while also branching out into other lifestyle categories. The company operates two dark stores and plans to open three more by September. It also aims to expand its presence to Mumbai and Delhi-National Capital Region.
Founded in 2024 by Gulati, Om Prakash Swami and Bipin Singh, the vertical quick commerce startup focuses on fashion and lifestyle, offering 60-minute deliveries across Bengaluru. It has more than 80 brands listed on the platform, including Snitch, The Souled Store, Freakins, Uptownie, Off Duty, Bonkers and Bewakoof.
According to Gulati, the startup plans to introduce a few international brands to the platform.
“What we’ve realised by delivering thousands of orders is that customers seem to be okay with the 60-minute timeline as long as they’re getting a good price, a good selection and a promised delivery experience,” he said, noting that the majority of its business comes from repeat users.
“Many of these customers make impulse purchases and want to try on clothes, even if they don’t like them, simply because they have the convenience of receiving them quickly. There’s a significant shift happening in user behaviour,” Gulati added.
Slikk Club last raised $300,000 in September 2024 in its pre-seed round led by Better Capital.
Commenting on the investment, Rahul Taneja, partner, Lightspeed said, “How we shop is changing every day 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.”
The quick commerce model has expanded from supplying groceries and daily essentials to electronics, lifestyle brands, medicines and more. As a result, several platforms have shortened their delivery timelines to tap into this growing demand and expanding fashion segment. Quick commerce platforms are also addressing the challenge of returns and exchanges.
Quick commerce platforms are also working to address the challenges of returns and exchanges. Fashion sees the highest amount of return and refund requests on ecommerce platforms.
ET had earlier reported that Bengaluru-based Rare Rabbit, owned by Radhamani Textiles, launched one-day delivery in top metros, while The Pant Project, a fashion brand specialising in custom-made and ready-to-wear pants, was also conducting a quick delivery pilot in Bengaluru.
Similarly, fashion retailer Myntra launched a 30-minute delivery service M-Now in December last year, becoming the first niche ecommerce platform to have entered quick commerce at scale starting with Bengaluru.
