In a sign of the growing hyperlocal quick commerce in India, Bengaluru-based fashion delivery startup Slikk Club has raised USD 10 million (~INR 85 crore) in a Series A round led by Nexus Venture Partners with existing investor Lightspeed.
Founded in 2024 by Akshay Gulati (CEO), Om Prakash Swami (CTO), and Bipin Singh (CPO), Slikk Club has quickly made a mark in the quick commerce space by offering 60-minute delivery of fashion and lifestyle products. The company is currently operational in Bengaluru and plans to expand to other major cities like Mumbai and Delhi-NCR.
Expansion & Diversification
The freshly infused capital will drive category expansion, the launch of instant return capabilities, and deepen Slikk’s geographical footprint across urban India. The company aims to scale up from two to six-eight dark stores by September 2025, and increase its brand portfolio from 150 to over 500 brands by December.
Slikk Club’s offerings currently include popular youth-centric brands such as Snitch, The Souled Store, Freakins, Uptownie, Off Duty, Bonkers, and Bewakoof. Originally focused on western and ethnic wear, Slikk is now diversifying into beauty and personal care, footwear, accessories, and wearables—a move that reflects both market demand and strategic intent to increase cart size and customer stickiness.
Strategic Intent: Beyond Speed to Experience
Co-founder and CEO Akshay Gulati emphasized the company’s commitment to innovation and customer delight. “Since inception, Slikk Club has delivered a high-quality customer experience through our 60-minute model. Brands have been able to unlock new users at a hyperlocal level. With this new round, we intend to double down on that promise and offer a significantly wider range of products and experiences,” he said.
Apart from consumer-facing enhancements, the funds will also be channeled towards leadership hiring, strengthening tech infrastructure, and refining the Try & Buy model—which allows users to trial fashion items at home before committing to a purchase, coupled with instant refunds.
Industry Support & Investor Confidence
Pratik Poddar, Partner at Nexus Venture Partners, highlighted the larger trend driving investor confidence: “Having watched quick commerce reshape India’s consumer behavior, we firmly believe fashion is the definitive next frontier for digital disruption. The Slikk team’s deep category insights and strategic execution are precisely what this moment demands.”
Echoing this sentiment, Rahul Taneja, Partner at Lightspeed, added: “We backed Slikk Club at the seed stage because their take on fashion commerce was refreshingly ahead of its time. The team built a product that truly resonates with its customers, reflected in strong retention and engagement. We are happy to double down on our investment.”
A Rapid Fundraising Journey
Slikk’s latest fundraise comes on the heels of a USD 3.2 million (~INR 27.33 crore) seed round in March 2025, also led by Lightspeed, with earlier backing from Multiply Ventures and Better Capital in a USD 300,000 (~INR 2.56 crore) pre-seed round in September 2024. Raising two successive rounds in a span of two months places Slikk Club among a rare breed of startups attracting continuous capital in a cautious funding climate.
Market Opportunity
With India’s apparel market projected to touch USD 109.45 billion (~INR 9.35 lakh crore) in 2025, and the beauty and personal care (BPC) segment expected to exceed USD 34 billion (~INR 2.90 lakh crore), Slikk Club is well-poised to capitalize on the shift towards hyperlocal, on-demand shopping driven by urban youth and impulse buyers.
Currently, the platform is popular among college students, young professionals, and urban shoppers—demographics that are highly influenced by social trends and increasingly demand both speed and style in their purchases.
About Slikk Club: Slikk Club is India’s first 60-minute fashion delivery platform, offering curated clothing and accessories with features like Try & Buy and instant refunds. Founded by Akshay Gulati, Om Prakash Swami, and Bipin Singh, the startup is redefining convenience in Indian fashion retail.
About Nexus Venture Partners: Nexus VP is a leading early-stage VC firm with over USD 2.6 billion (~INR 22,204 crore) in assets under management, known for backing startups like Zepto, Postman, and Delhivery.
About Lightspeed: A global VC firm managing USD 25 billion (~INR 2.14 lakh crore), Lightspeed has backed notable names including Snap, OYO, Razorpay, and Physics Wallah.
Looking Ahead
While competitors like Myntra are experimenting with quick-delivery pilots such as M-Now, Slikk’s deep-rooted focus on infrastructure, brand curation, and a frictionless user experience places it on a distinctive trajectory. As the quick commerce landscape evolves, Slikk’s combination of logistics precision, fashion acumen, and technological innovation may well define the next phase of Indian e-commerce.
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