๐Ÿš€ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐Ÿ”ฅ
Login

News on Medial

Related News

60-minute clothes delivery app Slikk raises $300K

EntrackrEntrackr ยท 1y ago
60-minute clothes delivery app Slikk raises $300K
Medial

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 Bangaloreโ€™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 customersโ€™ 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.

Exclusive: 60-min fashion delivery startup Slikk to raise $10 Mn led by Nexus

EntrackrEntrackr ยท 8m ago
Exclusive: 60-min fashion delivery startup Slikk to raise $10 Mn led by Nexus
Medial

Exclusive: 60-min fashion delivery startup Slikk to raise $10 Mn led by Nexus Slikk, a fashion delivery platform promising 60-minute delivery, is all set to raise another funding round following its recent seed investment, sources familiar with the matter told Entrackr. "Nexus is spearheading a $10 million funding round at a $40 million valuation," said one of the sources. "The deal has already been finalized, and existing investors are expected to participate." On Tuesday, Slikk announced $3.2 million seed round led by Lightspeed with participation from Multiply Ventures and angel investors including Abhishek Goyal (Tracxn), Abhinav Pathak (Perpule), Madhav Tandan, Nikhil (Panthera), and Saurabh Gupta (DST Global). Slikk targets young, impulse-driven shoppers, including students, professionals, and trend-savvy urbanites influenced by social media. Over the next five years, it plans to expand into tier I and tier II cities, offering 60-minute fashion delivery while diversifying into seven-plus lifestyle categories. The startup features more than 80 brands, including Snitch, The Souled Store, Freakins, Uptownie, Off Duty, Bonkers, and Bewakoof. "Quick commerce is trending, and investors have recently shown strong interest in the fashion segment. With Myntra introducing a 30-minute delivery service for fashion and beauty products, more startups are likely to follow suit and seek funding,โ€ said another source. Slikk declined to comment on the story while queries sent to Nexus did not elicit an immediate response.

Quick fashion delivery startup Slikk raises $10 Mn led by Nexus

EntrackrEntrackr ยท 6m ago
Quick fashion delivery startup Slikk raises $10 Mn led by Nexus
Medial

Slikk, a 60-minute fashion delivery startup, has raised $10 million in its Series A round led by Nexus Venture Partners. Existing backer Lightspeed also participated in the round. The proceeds will be used to expand into new lifestyle categories, introduce instant return options, and grow its presence in additional urban pin codes. Founded by Akshay Gulati, Om Prakash Swami, and Bipin Singh, Slikk currently delivers fashion products within 60 minutes across Bengaluru. It operates a Try & Buy model, providing rapid delivery and refunds. The platform targets college students, young professionals, and urban consumers influenced by social trends. The brand features more than 80 brands, including Snitch, The Souled Store, Freakins, Uptownie, Off Duty, Bonkers, and Bewakoof. Slikk plans to expand into beauty and personal care, footwear, accessories, and wearables. The company is also preparing to implement instant returns to increase customer satisfaction and reduce friction in the buying process. "We backed Slikk 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 and support Akshay and the team's focus on newer categories and reaching a wider audience across India," added Rahul Taneja, Partner, Lightspeed.

Quick fashion delivery startup KNOT raises $5 Mn to scale 60 min delivery

EntrackrEntrackr ยท 9h ago
Quick fashion delivery startup KNOT raises $5 Mn to scale 60 min delivery
Medial

Mumbai-based quick commerce fashion platform KNOT, which offers 60 minute fashion delivery and a Try and Buy experience, has raised $5 million in a new funding round led by 12 Flags. Existing investors Kae Capital and Boundless Ventures also participated in the round. The fresh capital comes just three months after the company closed its $3 million pre Series A funding round in August. KNOT was founded in 2025 by IIT Bombay graduates Archit Nanda and Rachit Bansal and focuses on serving Gen Z and millennial shoppers through hyperlocal distribution, creator led discovery and at home trials. According to the company, the funds will be used to expand its 60 minute delivery network in Mumbai and other cities, alongside efforts to strengthen micro warehousing, routing efficiency and last mile logistics to support higher order volumes. KNOT is also expanding its brand portfolio by onboarding established fashion labels such as Jack and Jones, Vero Moda, Louis Philippe, Van Heusen and Allen Solly. The startup claims it has crossed more than 350 daily orders, which marks a three times increase over the last three months. The platform offers AI powered virtual try on, doorstep trials and instant returns to reduce uncertainty around fit and style while shopping online. By combining speed, convenience and curated selection, KNOT is tapping into changing consumer behaviour where shoppers increasingly expect instant access, personalisation and flexibility. Knot competes with players such as Slikk and ZILO, and Myntra has also taken its quick fashion delivery offering to additional cities.

Quick fashion delivery startup KNOT raises $3 Mn led by Kae Capital

EntrackrEntrackr ยท 4m ago
Quick fashion delivery startup KNOT raises $3 Mn led by Kae Capital
Medial

Quick fashion delivery startup KNOT raises $3 Mn led by Kae Capital Mumbai-based quick commerce fashion platform KNOT has raised $3 million in a pre-Series A round led by Kae Capital with participation from Sparrow Capital, Boundless Ventures LLP, and founders of SNITCH, The Souled Store, and Bonkers Corner. Existing investors WEH Ventures, All In Capital, and Kumar Saurabh (Aukera Jewellery) also backed the round. The new funding will fuel product development, expansion beyond Mumbai, and deepen brand partnerships. Founded in 2025 by Archit Nanda and Rachit Bansal, KNOT is reimagining online fashion delivery with its 60-minute delivery model and Try โ€˜n Buy experience in Mumbai. The idea was born after the duo pivoted from their earlier venture Slick, spotting a major gap in how Gen Z and millennials discover and shop for fashion. KNOT currently claims to have partnered with over 70 fashion brands, fulfilling thousands of orders monthly. Its standout features include AI-based virtual try-ons, doorstep trials with instant returns, and influencer-led discovery. In the same space, ZILO secured $4.5 million in seed funding led by Info Edge Ventures and Chiratae Ventures, last month. Fashion delivery startup Slikk also secured $10 million in funding. Myntra, which launched rapid apparel delivery in December 2024, has now extended the service to additional cities.

Download the medial app to read full posts, comements and news.