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VCs warm up to quick-fashion delivery startups as Knot, Zulu Club raise fresh capital - The Economic Times
Economic Times
·
23d ago
Medial
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.
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Zulu Club raises $250K in pre-seed round from TDV Partners
Entrackr
·
23d ago
Medial
Zulu Club raises $250K in pre-seed round from TDV Partners Hyperlocal fashion quick-commerce startup Zulu Club has raised $250K in pre-seed funding from early-stage VC firm TDV Partners. Currently live in Gurugram, the startup plans to use the capital to expand across Delhi NCR, strengthen its logistics and personalization engine, and deepen retail partnerships. Zulu Club primarily targets millennial and Gen Z shoppers looking for fast, reliable, and convenient fashion delivery. Launched in 2024, Zulu Club enables users to shop digitally from nearby malls and outlet stores via its app. Shoppers can receive curated Try-at-Home kits with 4–5 items, try them at their convenience, and only pay for what they keep, reducing return rates and increasing basket sizes through personalized cross-sells and upsells. The firm offers a 100-minute delivery and Try-at-Home model designed for urban consumers who want a confident, tactile shopping experience without visiting stores. Zulu Club combines AI-powered product curation, live personal shopping assistance, and its own logistics network to deliver a frictionless experience. The model addresses common fashion e-commerce challenges like poor fit, low trust, and high return rates, while unlocking value for both consumers and local fashion retailers.
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Quick fashion delivery startups lean on AI, try-and-buy to cut costly returns - The Economic Times
Economic Times
·
12d ago
Medial
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.
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Quick fashion delivery startup KNOT raises $3 Mn led by Kae Capital
Entrackr
·
23d ago
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 ‘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.
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This fashion startup uses AI for personalisation
Inshorts
·
2m ago
Medial
Slikk Club, India’s first 60-minute fashion delivery startup, is revolutionising e-commerce for Gen Z and millennials. Founded in 2024 by seasoned entrepreneurs, it offers 100+ brands across fashion, beauty, and accessories. Backed by $3.2 million in funding, Slikk uses AI for personalisation and aims to expand across India, setting new standards in quick commerce.
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Shadowfax to file IPO papers under confidential route - The Economic Times
Economic Times
·
1m ago
Medial
Shadowfax, a hyperlocal logistics startup, plans to file for an IPO under a confidential route with Sebi. The IPO aims to raise between Rs 2,000-2,500 crore, with half from fresh shares, potentially valuing the company at Rs 5,500-6,000 crore. The funds will mainly support its quick commerce segment. Shadowfax, offering rapid delivery services, reported operating revenue of Rs 1,885 crore in FY24, marking a 33% growth, and turned operationally profitable.
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Reliance rolls out Ajio Rush to take on Myntra, Newme, Slikk and other fashion quick commerce startups - The Economic Times
Economic Times
·
20d ago
Medial
Reliance Retail has launched Ajio Rush, a four-hour fashion delivery service, live in six cities. This move positions it alongside competitors like Myntra in the quick commerce sector. Despite some startups failing, investor interest remains strong, with companies like Slikk securing substantial funding. Experts suggest a hybrid model, blending online and offline experiences, as the future of fashion delivery, leveraging the convenience of digital transactions with the trust of physical retail.
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Siksti’s hyperlocal app promises to deliver beauty, fashion in 60 min
YourStory
·
1y ago
Medial
Siksti, a hyperlocal e-commerce platform, has launched the Quick Commerce app, focusing on beauty and fashion products. The app offers doorstep delivery within 60 minutes in select areas of Mumbai, India. Siksti aims to tap into the growing demand for quick and convenient shopping experiences in the beauty and fashion sectors through its hyperlocal delivery model.
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Myntra brings quick delivery to online fashion, launches 30-minute service
Economic Times
·
8m ago
Medial
Myntra, India's leading online fashion retailer, has launched a 30-minute delivery service called M-Now in Bengaluru. The company plans to expand this service to other cities in the near future. M-Now will deliver fashion, beauty products, and accessories using dark stores and retail stores. Myntra aims to increase the number of SKU offerings for quick delivery to over 100,000 within a few months. The move comes as Myntra aims to tap into the growing demand for quick commerce in the fashion industry. Other players in the market, such as Instamart and Blinkit, are also in talks with apparel and footwear manufacturers for quick delivery services.
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Quick fashion delivery startup Blip shuts down in less than a year
Economic Times
·
27d ago
Medial
Blip, a quick fashion delivery startup, shut down less than a year after launch due to limited capital and go-to-market challenges. Cofounder Ansh Agarwal cited difficulties in competing while bootstrapping, despite investor interest in ultra-fast fashion. The company faced challenges in stakeholder convincing, slowing their go-to-market efforts. Even as quick fashion delivery gains popularity, Blip's closure underscores the challenges startups face. Agarwal remains optimistic about the sector's potential, despite Blip's closure.
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Exclusive: 60-min fashion delivery startup Slikk to raise $10 Mn led by Nexus
Entrackr
·
4m ago
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,” said another source. Slikk declined to comment on the story while queries sent to Nexus did not elicit an immediate response.
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