GenZ-focused fashion delivery app Slikk has secured $300K in a pre-seed funding round led by Better Capital, with participation from Untitled Ventures. The funds will be used to scale up operations, including expanding to over 100 brands, setting up a large-format dark store, and increasing delivery coverage to 70% of Bengaluru’s pincodes. Additionally, Slikk plans to extend its services to other major cities in India and diversify its product offerings to include beauty, personal care, and home decor.
Under the leadership of Akshay Gulati, Slikk delivers the latest fashion trends directly to customers’ doorsteps with new styles introduced weekly. Initially launched in Bengaluru, the platform is poised to expand to other metropolitan areas soon.
The growth prospects are promising, as the Indian apparel market is projected to reach $105.50 billion by 2024, with the fast fashion segment expected to grow from $9.90 billion in 2023 to $28.84 billion by 2030.