Fashion delivery platform Slikk Club raises $3.2 Mn in seed round

Slikk Club, a 60-minute fashion delivery platform, has raised $3.2 million in its seed round led by Lightspeed. Multiply Ventures, existing investors, and notable angel investors participated, including Abhishek Goyal (Tracxn), Abhinav Pathak (Perpule), Madhav Tandan, Nikhil (Panthera), and Saurabh Gupta (DST Global). 

The proceeds will be used to scale operations in Bengaluru and strengthen its leadership team in technology, category management, operations, and supply chain.

Founded by Akshay Gulati (CEO), Om Prakash Swami (CTO), and Bipin Singh (CPO), Slikk Club caters to an audience of young, impulse-driven shoppers, including college students, young professionals, and urban trendsetters heavily influenced by social media trends.

Slikk Club plans to expand across tier I and tier II cities over the next five years, bringing 60-minute fashion delivery to a wider audience. It also aims to diversify into seven-plus lifestyle categories while using advanced technology for easy shopping, fulfillment, and returns. 

The brand has a portfolio of over 80 brands, including Snitch, The Souled Store, Freakins, Uptownie, Off Duty, Bonkers, and Bewakoof.

In July 2022, Lightspeed raised $500 million for its newest India and Southeast Asia fund. Since then, it has backed Sarvam AI, Seekho, Zluri, Gushwork.ai, XFlow BlueLearn, GlobalFair, and Exponent Energy, among others. Global investment firm B Capital, which has backed the likes of Byju’s, Meesho, and Pharmeasy in India, closed its second Opportunities fund at $750 million in March last year.