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60-minute clothes delivery app Slikk raises $300K

Entrackr · 2m

GenZ-focused 60-minute clothes delivery app Slikk has raised $300K in its pre-seed round led by Better Capital, with participation from Untitledxyz Ventures. 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 Bangalore’s pincodes, the company said in a press release. The startup also plans on expanding to other metropolitan cities in India, and broadening its offerings to include beauty, personal care, and home decor. Led by Akshay Gulati, Slikk delivers fresh styles daily, allowing users to explore the latest trends frequently. In order to stay up with the rapidly changing fashion industry, Slikk delivers the newest trends directly to its customers’ doorsteps, with new styles arriving weekly. Initially launching in Bengaluru, the platform will soon extend to other cities. According to market research, the Indian apparel market is expected to reach $105.50 billion by 2024, with the fast fashion segment growing from $9.90 billion in 2023 to $28.84 billion by 2030.