Slikk, a GenZ-focused 60-minute clothes delivery app, has raised $300,000 in its pre-seed round led by Better Capital, with participation from Untitled Ventures. The funding will fuel the company’s expansion plans, which include scaling to over 100 brands, setting up a large-format dark store, and increasing delivery coverage to 70% of Bengaluru’s pincodes.
The startup also plans to broaden its offerings to include beauty, personal care, and home decor, as well as expand to other metropolitan cities across India. “The proceeds will be used to scale to over 100 brands, set up a large-format dark store, and expand delivery coverage to 70% of Bengaluru’s pincodes,” the company said in a press release.
Led by Akshay Gulati, Slikk aims to redefine how fashion is delivered to consumers by offering fresh styles daily. “Slikk delivers the newest trends directly to its customers’ doorsteps, with new styles arriving weekly,” the release stated. This rapid turnover allows customers to explore and purchase the latest trends frequently, helping them stay ahead in the ever-changing world of fashion.
Initially launched in Bengaluru, Slikk is poised to extend its services to other cities soon, leveraging the growing fast fashion market in India. The Indian apparel market is expected to reach $105.50 billion by 2024, with the fast fashion segment anticipated to grow from $9.90 billion in 2023 to $28.84 billion by 2030, according to market research.