Slikk Raises $300,000 in Pre-Seed Round to Revolutionize Fashion Delivery in Bengaluru
Bengaluru-based startup Slikk, a subscription-based clothes delivery app focused on Gen Z users, has secured $300,000 in its pre-seed round of funding. Led by Better Capital, with participation from Untitled Ventures, this investment will fuel the company’s expansion plans in the city and beyond.
With its mission to bring the latest fashion trends directly to customers’ doorsteps, Slikk plans to use the funding to scale up its operations to 100 brands, set up a large-format dark store, and expand its delivery coverage to 70% of Bengaluru’s pincodes. The startup aims to capitalize on the growing demand for fast fashion in India, which is expected to reach $105.50 billion by 2024.
Led by founder Akshay Gulati, Slikk’s model allows users to explore the latest fashion trends frequently, with new styles arriving weekly. Initially launched in Bengaluru, the platform plans to soon extend its services to other metropolitan cities in India. The company also plans to broaden its offerings to include beauty, personal care, and home decor products.
With the growing Indian apparel market, particularly the fast fashion segment, expected to reach $28.84 billion by 2030, Slikk is well-positioned to tap into this opportunity. The startup’s focus on delivering fresh styles daily and catering to Gen Z’s fashion preferences makes it an attractive option for investors looking to tap into the evolving market.
The investment in Slikk is a testament to the growing demand for innovative and tech-enabled fashion platforms in India. With its focus on scalability, expansion, and diversification of offerings, Slikk is poised to revolutionize the fashion delivery market in India.
