Slikk, a fast-growing fashion delivery platform, is set to raise another funding round following its recent seed investment. Sources familiar with the matter confirmed to Entrackr that the company has finalized a $10 million funding round, spearheaded by Nexus Venture Partners. The funding values the startup at $40 million, and existing investors are expected to participate in this round.
This development comes just days after Slikk announced its $3.2 million seed round led by Lightspeed. Other participants in that round included Multiply Ventures and prominent angel investors such as Abhishek Goyal (Tracxn), Abhinav Pathak (Perpule), Madhav Tandan, Nikhil (Panthera), and Saurabh Gupta (DST Global). With this fresh round of capital, Slikk is poised for rapid expansion, eyeing aggressive growth in India’s quick-commerce fashion industry.
A Rising Force in Quick Fashion Commerce
Slikk is disrupting the fashion industry with its promise of 60-minute delivery. The platform caters to young, impulse-driven shoppers, including students, professionals, and trend-conscious urbanites influenced by social media. In a market where instant gratification is becoming the norm, Slikk aims to carve out a significant niche by delivering trendy apparel in record time.
Currently, the company features over 80 brands, including popular names such as Snitch, The Souled Store, Freakins, Uptownie, Off Duty, Bonkers, and Bewakoof. By collaborating with these brands, Slikk provides its users with a diverse range of fashion choices that align with the latest trends.
The Growth Trajectory
Over the next five years, Slikk plans to expand into tier I and tier II cities, broadening its reach beyond metropolitan areas. The platform is not only focusing on apparel but also aims to diversify into seven-plus lifestyle categories, making it a one-stop destination for fashion and lifestyle shopping. This strategy positions Slikk as a formidable competitor to major e-commerce players in India’s rapidly evolving quick-commerce ecosystem.
The fashion delivery segment has recently gained significant traction, with Myntra introducing a 30-minute delivery service for fashion and beauty products. As competition intensifies, more startups are expected to enter the space, driving innovation and attracting investor interest.
Investor Confidence in Quick-Commerce Fashion
Quick commerce has been one of the hottest trends in the startup ecosystem, with investors showing strong interest in platforms that cater to instant delivery needs. Nexus Venture Partners, a major player in venture capital, has been at the forefront of this trend. The firm, which previously backed successful startups such as Delhivery, Unacademy, Zepto, Rapido, Postman, Druva, and Hasura, closed its largest fund at $700 million in early 2023.
In 2025, Nexus has invested in emerging startups such as Snabbit, Singulr AI, and CapGrid. The firm’s decision to lead Slikk’s latest funding round underscores its confidence in the platform’s growth potential and the viability of quick-commerce fashion as a scalable business model.
How Slikk Stands Out
Slikk’s differentiation lies in its logistics network and technology-driven approach. Unlike traditional e-commerce platforms that focus on a centralized warehousing model, Slikk leverages a hyperlocal distribution system. By strategically partnering with brands and setting up micro-fulfillment centers, the company ensures that customers receive their orders within an hour.
Additionally, Slikk employs AI-driven demand forecasting to optimize inventory placement and reduce delivery times. The platform’s machine-learning algorithms analyze shopping patterns, enabling real-time recommendations and hyper-personalized fashion suggestions. This data-centric approach enhances the user experience while improving operational efficiency.
Challenges and Future Roadmap
Despite its rapid growth, Slikk faces several challenges. Managing inventory across multiple locations, ensuring consistent delivery times, and maintaining quality control are critical hurdles. Furthermore, scaling quick-commerce operations in tier II cities will require overcoming logistical complexities and refining its supply chain.
To address these challenges, Slikk is investing heavily in technology and infrastructure. The company is enhancing its last-mile delivery network, integrating real-time tracking systems, and partnering with third-party logistics providers to streamline operations.
Another focus area for Slikk is customer retention. With several players vying for market share in the quick-commerce space, building brand loyalty is crucial. The company plans to introduce a membership program, exclusive deals, and limited-time drops to keep users engaged.
The Competitive Landscape
Slikk is entering a market dominated by established e-commerce giants like Myntra, Amazon, and Flipkart, all of which are ramping up their quick-delivery offerings. Myntra’s introduction of a 30-minute fashion and beauty delivery service is a direct response to the growing demand for instant gratification among online shoppers.
However, Slikk’s focus on hyperlocal fulfillment and its promise of an even faster 60-minute delivery gives it a competitive edge. By targeting young, trend-savvy consumers who value speed and convenience, the company has positioned itself as a go-to destination for impulse fashion shopping.
Other emerging startups in this space, such as Blinkit and Zepto, have successfully implemented similar quick-commerce models in the grocery sector. Their success indicates a strong consumer appetite for ultra-fast delivery services, which bodes well for Slikk’s long-term growth strategy.
Industry Trends and Market Potential
India’s fashion e-commerce market is projected to reach $43 billion by 2027, fueled by rising internet penetration, increasing disposable income, and evolving consumer preferences. With quick-commerce gaining traction across multiple industries, fashion is the next logical frontier for disruption.
Social media platforms like Instagram and TikTok have also played a significant role in shaping consumer buying behavior. Influencers and digital marketing campaigns drive real-time purchasing decisions, making fast delivery a crucial factor in capitalizing on trend-driven demand.
What’s Next for Slikk?
With fresh funding secured, Slikk is set to accelerate its expansion plans. The company is actively hiring across technology, logistics, and marketing functions to strengthen its core operations. Additionally, it is exploring strategic partnerships with more fashion brands and third-party logistics providers to enhance service efficiency.
Over the next year, Slikk aims to expand its presence in top-tier cities while simultaneously testing the waters in smaller urban centers. The company is also expected to roll out new features such as virtual try-ons, AI-powered styling recommendations, and a premium membership program to enhance customer engagement.
Final Thoughts
Slikk’s rapid growth and investor backing highlight the immense potential of quick-commerce fashion in India. As consumer expectations evolve and instant delivery becomes the norm, Slikk is well-positioned to capitalize on this trend. With Nexus Venture Partners leading its latest funding round, the startup has secured the financial muscle to scale aggressively and redefine the fashion e-commerce landscape.
While challenges remain, Slikk’s innovative approach, strong brand partnerships, and commitment to speed give it a competitive advantage in an increasingly dynamic market. As the quick-commerce revolution unfolds, Slikk is undoubtedly a startup to watch.