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Quick-fashion startup Knot ties up $5 million funding from 12 Flags, others - The Economic Times

Economic Times

Economic Times · -2278s ago

Quick-fashion startup Knot ties up $5 million funding from 12 Flags, others - The Economic Times

Knot, a Mumbai-based quick-fashion startup, secured $5 million funding led by 12 Flags, with participation from existing investors. The company aims to expand its rapid delivery services, add micro-warehouses, and boost last-mile operations in Mumbai and other cities. Founded by IIT Bombay graduates, Knot offers 60-minute deliveries with unique features like doorstep trials and AI try-ons to reduce return rates in fashion. The funding will help scale operations and enhance customer experience.

Related News

Quick Fashion Startup KNOT Raises $5 Mn From 12 Flags, Others

Inc42 · -2405s ago

Quick Fashion Startup KNOT Raises $5 Mn From 12 Flags, Others

KNOT, a quick fashion startup, has raised $5 million in a funding round led by 12 Flags. Existing investors Kae Capital and Boundless Ventures also participated. The funds will be used to expand KNOT's 60-minute delivery network in Mumbai and other regions, enhance micro-warehousing, and improve routing efficiency. The startup has experienced a significant increase, reaching over 350 daily orders in the past three months.

VCs warm up to quick-fashion delivery startups as Knot, Zulu Club raise fresh capital - The Economic Times

Economic Times

Economic Times · 4m ago

VCs warm up to quick-fashion delivery startups as Knot, Zulu Club raise fresh capital - The Economic Times

Venture capital is significantly increasing in the quick-fashion delivery sector, with startups like Knot and Zulu Club attracting early-stage investments. Driven by event-focused, social media-influenced shopping habits, platforms like Slikk, Snitch, and Newme are innovating fast delivery in fashion commerce. Knot recently raised $3 million to expand operations, while Zulu Club secured $250,000. These trends highlight the evolving consumer demand for rapid fashion delivery and tight curation, especially among Gen Z.

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

Entrackr

Entrackr · 9h ago

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

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

Entrackr

Entrackr · 4m ago

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

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 ‘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.

Quick fashion delivery startups lean on AI, try-and-buy to cut costly returns - The Economic Times

Economic Times

Economic Times · 4m ago

Quick fashion delivery startups lean on AI, try-and-buy to cut costly returns - The Economic Times

Startups in quick fashion delivery are using "try and buy" and AI-powered virtual try-ons to reduce high return rates. These tools enhance customer satisfaction and lower costs but raise concerns over long-term viability due to logistics expenses. Companies like Knot and Slikk report reduced return rates with these features, improving conversions. Despite potential cost savings, the longevity of such services remains uncertain due to increased operational costs associated with offering these conveniences.

Quick commerce goes beyond grocery to higher margin wares - The Economic Times

Economic Times

Economic Times · 16d ago

Quick commerce goes beyond grocery to higher margin wares - The Economic Times

Quick commerce platforms are expanding beyond groceries to higher-margin categories like electronics, fashion, and cosmetics, now making up 20-25% of gross sales, compared to less than 10% two years ago. This shift aims to enhance margins and compete with larger e-commerce firms. Swiggy's Instamart and Zepto are increasing non-grocery offerings, with initiatives like Zepto’s Super Mall for apparel. These strategic pivots aim to provide an e-commerce-like experience and boost advertising revenues.

Fintech startup Zynk raises $5 million from Hivemind Capital, others - The Economic Times

Economic Times

Economic Times · 1m ago

Fintech startup Zynk raises $5 million from Hivemind Capital, others - The Economic Times

Fintech startup Zynk has secured $5 million in a funding round led by Hivemind Capital, with contributions from Alliance DAO, Coinbase Ventures, and others. Based in Hyderabad, Zynk aims to enhance its cross-border fintech infrastructure by expanding partnerships and refining its compliance framework. Founded by ex-Amazon Pay CTO Manish Bhatia and others, Zynk facilitates instant B2B cross-border transactions through a technology platform, partnering with financial institutions to provide liquidity during transactions without requiring pre-funding.

Saudi Arabia backs Elon Musk's xAI with data center deal - The Economic Times

Economic Times

Economic Times · 20d ago

Saudi Arabia backs Elon Musk's xAI with data center deal - The Economic Times

Elon Musk's AI startup xAI, developer of the Grok chatbot, has partnered with Saudi-backed company Humain to establish a significant data center in Saudi Arabia. The center will require up to 500 megawatts, marking xAI’s largest outside the U.S., aligning with Saudi Arabia’s strategy to become a global AI hub. This collaboration represents Musk’s growing ties with the kingdom and both nations' strategic interests in technology development and geopolitical dynamics.

Swiggy mulls up to $1.5 billion fundraise for balance sheet boost - The Economic Times

Economic Times

Economic Times · 1m ago

Swiggy mulls up to $1.5 billion fundraise for balance sheet boost - The Economic Times

Swiggy is exploring raising up to $1.5 billion through a qualified institutional placement (QIP) to strengthen its balance sheet and compete in the quick commerce market. With competition from Zepto, Blinkit, and others intensifying, Swiggy aims to increase its domestic shareholding and possibly transition to an inventory-led model. The proposed QIP underscores Swiggy’s intent to fortify its financial position before competition escalates and to maintain growth opportunities amidst market challenges.

Non-metros now economically viable for quick commerce: Emkay - The Economic Times

Economic Times

Economic Times · 5m ago

Non-metros now economically viable for quick commerce: Emkay - The Economic Times

Emkay's report highlights the growth potential of quick commerce in tier-II cities due to wider product ranges and lower operational costs. These cities offer favorable unit economics, with the potential for profitability by increasing average order values. Despite higher logistics costs, breakeven is easier, requiring fewer orders than tier-I cities. The quick commerce sector is expanding beyond groceries to include fashion and electronics, focusing on margin improvement and leveraging existing physical stores for operations.

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