Slikk Club, a Bengaluru-based 60-minute fashion delivery platform, has successfully raised $3.2 million in a seed funding round led by Lightspeed. The company aims to expand its operations, enhance technology, and diversify its product offerings to cater to a growing customer base.
Key Details:
- Funding Amount: $3.2 million
- Lead Investor: Lightspeed
- Other Investors:
- Multiply Ventures
- Angel investors, including Abhishek Goyal (Tracxn), Abhinav Pathak (Perpule), and Saurabh Gupta (DST Global)
- Purpose of Funding:
- Expand operations in Bengaluru to cover 80% of the city’s pincodes through additional dark stores
- Strengthen leadership in technology, category management, operations, and supply chain
- Diversify into new categories such as ethnic wear, footwear, beauty and personal care, accessories, and wearables
- Plan expansion into Tier I and Tier II cities over the next five years
Founders' Background:
- Akshay Gulati (CEO): An entrepreneur with extensive experience in retail tech and e-commerce, leading Slikk Club’s growth and strategy.
- Om Prakash Swami (CTO): Co-founder and Chief Technology Officer, responsible for driving the technological innovations at Slikk Club.
- Bipin Singh (CPO): Co-founder and Chief Product Officer, focusing on product development and customer experience.
Funding Details:
The $3.2 million seed funding round, led by Lightspeed with participation from Multiply Ventures and prominent angel investors, will help Slikk Club scale its operations in Bengaluru, enhance technological capabilities, and broaden its product categories. The company aims to establish itself as a leader in quick-commerce fashion delivery across India, with future expansion plans into Tier I and Tier II cities.