Slick, a social networking platform for GenZ, has raised $1.6 million in a seed funding round led by WEH Ventures with participation from iSeed, Titan Capital (an existing investor), and All In VC. The Round also saw participation from a clutch of angel Investors including Sumit Gupta (Founder, CoinDCX), and others.
The funding will be used to enhance Slick’s user experience, drive innovation, and develop new features to attract more users, the company said in a press release.
Last year, Slick raised $500k in a pre-seed round led by Unacademy’s founders (Gaurav Munjal, Roman Saini, and Hemesh Singh) and other angel investors – Kunal Shah, Sujeet Kumar, and early-stage VCs Titan Capital and Blume Founders Fund.
Founded by Archit Nanda and Rachit Bansal, Slick aims to become GenZ’s ultimate platform to discover social connections through multiple innovative features such as anonymous compliments and candid profiles.
Since launching in December, Slick claims to have amassed over 1 million users spread across more than 5,000 schools and colleges in India which is a testament to the demand for a more authentic and engaging social networking experience.
Early stage venture capital fund WEH Ventures launched its second fund with a target to raise Rs 100 crore in June 2021. The fund has already backed several category-leading companies such as smallcase, Jar, Masterchow, Appsforbharat and Pratilipi.
