Slikk raises $10 million from Nexus, Lightspeed to expand 60-minute fashion delivery footprint

Slikk raises $10 million from Nexus, Lightspeed to expand 60-minute fashion delivery footprint

Slikk, a Bengaluru-based quick commerce fashion startup, has raised $10 million in Series A funding, led by Nexus Venture Partners, with participation from existing backer Lightspeed. The all-equity round will be used to expand the company’s product categories and geographic reach, as it doubles down on its 60-minute fashion delivery model.

The capital infusion will help Slikk diversify into adjacent lifestyle categories such as beauty and personal care (BPC), footwear, accessories, and wearables - areas the company believes are ripe for quick-commerce disruption.

Slikk also plans to launch instant returns, a feature it says will reduce friction in online shopping and build greater trust among customers. Additionally, the funds will support logistics expansion across key urban centers, investment in warehouse and dark store infrastructure, and technology enhancements to improve personalisation, product discovery, and delivery efficiency.

The company’s co-founder and CEO Akshay Gulati said the round will help Slikk offer a “wider range of products and experiences” while enabling partner brands to reach hyperlocal users.

Slikk’s model blends curated fashion with a Try & Buy feature and instant refunds — a proposition aimed at digitally native Gen Z and young millennial consumers, who now expect the same speed in fashion delivery that they’ve grown used to in food and grocery segments.

The startup is currently operational in Bangalore, delivering fashion and accessories within an hour. It counts college students, young professionals, and social media-driven urban shoppers as its primary user base.

The fundraising comes amid growing investor interest in category-specific quick commerce, as players look beyond essentials and F&B into higher-margin verticals like fashion and beauty.

Slikk had earlier raised $3.2 million in seed funding in March 2025, led by Lightspeed. That round also saw participation from Multiply Ventures, existing investors, and a roster of prominent angels, including Abhishek Goyal (Tracxn), Abhinav Pathak (Perpule), Madhav Tandan, Nikhil (Panthera), and Saurabh Gupta (DST Global). Prior to that, the company raised $300,000 in a pre-seed round in September 2024, led by Better Capital.

“Having watched quick commerce reshape India's consumer behavior, we believe fashion is the next frontier,” said Pratik Poddar, Partner at Nexus Venture Partners. “The Slikk team’s strategic execution and deep category understanding are well-suited to lead this shift.”

Lightspeed, which had invested in Slikk at the seed stage, has doubled down in this round. “The team built a product that resonates with its customers, reflected in strong retention and engagement,” said Rahul Taneja, Partner at Lightspeed.

The expansion into beauty and accessories pits Slikk against both traditional fashion e-tailers and emerging fast-delivery players. The company is positioning itself at the intersection of convenience and trend-driven demand, where fashion, speed, and UX converge.

India’s apparel market is projected to hit $109 billion in 2025, while the BPC segment is forecast to cross $34 billion, per industry estimates. Slikk aims to carve out a niche within these categories by capitalizing on the growing appetite for hyperlocal fulfillment and on-demand consumption.

The company was founded by Gulati (ex-Delhivery, Nearbuy), Om Prakash Swami (CTO), and Bipin Singh (CPO), all of whom have prior experience in building consumer tech and logistics platforms.