Slikk raises $300,000 in funding round led by Better Capital

Slikk, a quick fashion delivery app has raised $300,000 (Rs 2.5 crore) in a pre-seed funding round led by Better Capital with participation from Untitledxyz Ventures.

The company will utilise the funds to scale its brand portfolio, set up a large-format dark store, and expand delivery coverage.

Commenting on the funding, Akshay Gulati, CEO co-founder of Slikk in a statement said, “GenZs and young millennials today are extremely impulsive shoppers and the biggest TG for fast fashion brands. This impulse is driven by high frequency refreshment of trends/designs and faster delivery. Slikk intends to solve this problem by bringing in new trends and designs from upcoming fast fashion brands every week and a delivery timeline of 60 min which will give an altogether different shopping experience to customers compared to legacy fashion marketplaces.”

Vaibhav Domkundwar from Better Capital added, “Fashion is broken, and fast fashion missed the mark. Slikk is an ambitious attempt to ‘make great fashion easy’ for everyone. I’m excited to support a team dedicated to solving this challenge with the right expertise.”

The startup also plans on expanding to other metropolitan cities in India, and broadening its offerings to include beauty, personal care, and home décor in the coming months.