Quick Fashion Delivery Startup Slikk Club Nets $3.2 Mn To Expand Operations

Quick fashion delivery startup Slikk Club has raised $3.2 Mn (around INR 27 Cr) in a seed funding round led by Lightspeed.

The fundraise also saw participation from Multiply Ventures, along with a host of angel investors, including Tracxn cofounder Abhishek Goyal, Orios Venture Partners’ senior partner Madhav Tandan and Perpule cofounder Abhinav Pathak among others.

The Bengaluru-based company plans to use the fresh capital to expand its operations, making 80% of the city’s pincodes serviceable through multiple dark stores. Besides, it also aims to strengthen its leadership team across technology, category management, operations and supply chain.

“We just want to pull in two levers – expansion across Bangalore and launching a couple of more categories on the platform,” Slikk Club’s cofounder and chief executive Akshay Gulati told Inc42.

Founded in 2024 by Gulati, Om Prakash Swami, and Bipin Singh, Slikk Club delivers fashion items within 60 minutes and offers instant return and refund options.

“We’ve been growing 1.5 to 2x month on month. We’ve noticed a spike in the repeat orders on the platform, with compounding numbers,” Gulati said.

The startup, which currently features over 80 brands, including Snitch, The Souled Store and Bewakoof, plans to onboard 100 more brands in the next three months.

Slikk Club is also investing in AI-powered personalisation to enhance user experience. “We’re building modules and data sets to deepen our understanding at customer level internally to provide a hyper personalised homepage,” Gulati said.

India’s fashion quick commerce segment is heating up as established players expand their horizons.

In October last year, Blinkit introduced a 10-minute return option for clothing and footwear in select cities including Delhi NCR, Mumbai, Bengaluru, Hyderabad, and Pune, addressing what CEO Albinder Dhindsa called “size anxiety” among customers.

Other specialised startups include Bengaluru-based Blip, which began experimenting with fashion quick commerce in 2023 before formally launching in October 2024. 

Meanwhile, Myntra also entered the ‘quick fashion’ scene with its M-Now feature, offering deliveries in 30 minutes to 2 hours in certain parts of Bengaluru. It turned profitable in FY24, posting a net profit of INR 30.9 Cr on revenue of INR 5,121.8 Cr, up 15% year-on-year. 

The company has also received an $81 Mn infusion from parent Flipkart in November 2024 as it expands its quick commerce offerings.

Recent funding activities underscore investor confidence in India’s ecommerce sector. 

In January, ecommerce major Meesho reportedly closed a $250-270 Mn funding round with participation from new investors including Tiger Global and Think Investments, bringing its total raise to approximately $550 Mn.

With India’s fashion market valued at approximately $93 Bn and expected to reach $200 Bn by 2030, the opportunity is substantial. 

According to a Redseer Market report, E-commerce’s share of India’s fashion sector increased from 14% to 15% in 2023, with online fashion projected to grow by $36 Bn by 2030 at an annual rate of 20%.